AlDar and Mubadala buy Masdar City
The article focused on the acquisition of Masdar City Complex in Abu Dhabi by "Al Dar" and "Mubadala Investment," for 918 million dirhams, aiming to expand their high-quality, income-generating real estate portfolio. The complex consists of seven office buildings covering an area of over 47,000 square meters, with a occupancy rate of 99%, and features prominent tenants such as Abu Dhabi National Energy Company (Taqa) and Mohamed bin Zayed University of Artificial Intelligence. The deal enhances the project's presence in Masdar City, which is regarded as a hub for sustainable business and technology, supporting the country's goals to achieve climate neutrality and economic diversification. The complex is a model of innovative, sustainable buildings, reflecting a focus on clean energy and smart cooling technologies, as part of a strategy to develop an advanced and sustainable urban environment.
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