Mubadala And Aldar Launch Major Mixed-Use Expansion On Al Maryah Island

Dubai (PlantAndEquipment.com) - Abu Dhabi’s Mubadala Investment Company and Aldar Properties have revealed plans for a large-scale mixed-use development on the northern side of Al Maryah Island worth more than $16.3 billion.

The project, which will be completed via a joint venture owned 60% by Aldar and 40% by Mubadala, is expected to fuel the next phase of expansion for the island's 114-acre international financial center, which includes Abu Dhabi Global Market.

Development will take place on Al Maryah Island's final undeveloped land block, which is over 500,000 square meters.

Once finished, the proposal will have a total gross floor area of about 1.5 million square metres, including commercial, residential, retail, and hotel elements. The master plan includes over 450,000 square metres of Grade A office space, almost tripling the island's premium office supply, as well as over 3,000 luxury beachfront apartments.

The plan will also include over 40,000 square meters of retail and eating space, new hotels, a marina, and improvements to the Al Maryah Waterfront, such as a bay fountain with water displays that reach up to 75 metres.

Infrastructure plans include for 2.5 kilometers of air-conditioned pedestrian corridors, over 12,000 parking spaces, and 20% open space in the area. Three new bridges are being planned to boost communication between Reem Island and the Abu Dhabi mainland, with Saadiyat Island likely to be within a 10-minute drive.

Enabling work is anticipated to begin in 2026, with more information on phasing, bids, and contractor appointments to be provided subsequently.