The JV strengthens the long-term strategic partnership between Aldar and Mubadala and aligns with the recently announced AED60bn expansion of Al Maryah Island, which is set to further enhance the district’s role as a business and lifestyle hub.
Aldar Properties and Mubadala Investment Company have completed a joint venture to establish a retail platform valued at approximately AED10bn, consolidating two of Abu Dhabi’s flagship shopping destinations under a single structure.
The platform brings together Yas Mall, contributed by Aldar and The Galleria Luxury Collection, contributed by Mubadala. The assets have a combined gross leasable area of 260,000sq m and are among the Emirate’s highest performing retail properties.
Managed by Aldar, the platform is designed to create value through scale, integration and active asset management, positioning Abu Dhabi for the next phase of its development as a global destination for curated luxury retail.
The retail assets generate stable income, with Yas Mall reporting occupancy of 99 per cent and The Galleria Luxury Collection operating at 92 per cent occupancy.
