12 Hrs
Source:
الاقتصادية
Al Dar and Mubadala buy Masdar City
Dar Al-Arkan and Mubadala Investment have finalized a deal worth 918 million dirhams to acquire the Masdar City complex in Abu Dhabi. The acquisition aims to expand their portfolio of high-quality, income-generating real estate assets within the city. This transaction increases the value of the joint project’s portfolio to approximately 4.7 billion dirhams. The complex features over 47,000 square meters of fully leased office space, with an occupancy rate of up to 99%, hosting major institutional tenants such as TAQA and Mohamed bin Zayed University of Artificial Intelligence. The complex reflects the city’s commitment to sustainability and technological innovation, employing solar energy technologies and natural cooling systems. It is located near Zayed International Airport, enhancing its position as a hub for business and innovation in clean energy, artificial intelligence, and research.
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