Abu Dhabi's Al Maryah Island is entering a new phase of development as Mubadala Investment Company and Aldar Properties announce a joint venture to invest over AED 60 billion in the island's northern area. This landmark expansion aims to strengthen Abu Dhabi's position as a global capital hub.

The project will develop the last remaining undeveloped plot on the island, covering nearly 500,000 square meters, with a total built-up area exceeding 1.5 million square meters. It will feature premium office towers, luxury residences, retail, and hotel spaces, seamlessly integrating business, community, and lifestyle. The expansion will add more than 450,000 square meters of Grade-A office space, effectively doubling Al Maryah Island's current supply and enhancing the Abu Dhabi Global Market (ADGM) as a leading international financial center.

Currently, ADGM hosts over 11,000 active licenses and nearly 40,000 financial professionals, making it one of the fastest-growing financial hubs worldwide. Responding to strong demand, the new development will introduce over 3,000 luxury residences along the waterfront, alongside 40,000 square meters of experiential retail, dining, and world-class marina facilities. Al Maryah Island already features The Galleria luxury shopping destination, Cleveland Clinic Abu Dhabi, the ACTIVE city sports hub, and the UAE’s largest collection of Michelin-recognized restaurants.

A highlight of the project is the waterfront enhancement, featuring a landmark 75-meter-high fountain and vibrant dining, leisure, and event spaces. Planned hotels will complement existing luxury properties such as Four Seasons Hotel Abu Dhabi and Rosewood Abu Dhabi.

Infrastructure plans include a 2.5 km air-conditioned pedestrian walkway, more than 12,000 parking spaces, and 20% open space within the financial district. Three new bridges will connect the northern part of Al Maryah Island to Reem Island and the Abu Dhabi mainland, ensuring Saadiyat Island is within a 10-minute drive. Construction is expected to commence in 2026.

The joint venture comprises Aldar with a 60% stake and Mubadala 40%, building on over 20 years of strategic cooperation. Dr. Bakheet Al Katheeri, CEO of Mubadala UAE Investment Platform, emphasized that the initiative will unlock the island’s last strategic land reserve, accelerating its transformation into a vibrant global financial and lifestyle hub. Aldar CEO Talal Al Dhiyebi highlighted the creation of a world-class mixed-use environment supporting the UAE’s knowledge-based economic vision. ADGM CEO Salem Al Darei described the expansion as a historic step toward a highly forward-looking and interconnected financial ecosystem.

The partnership has previously collaborated on projects including Al Maryah Tower and One Maryah Place and is completing joint retail ventures encompassing The Galleria, Yas Mall, and Saadiyat Grove Mall. This expansion marks a new chapter in their long-term collaboration, shaping the future of one of Abu Dhabi's most iconic landmarks.