Aldar Properties and Mubadala Investment Company have combined two of Abu Dhabi’s most valuable shopping destinations into a new luxury retail platform, creating a large-scale, income-producing portfolio anchored in the capital’s most sought-after commercial assets.
The platform combines Yas Mall, contributed by Aldar, with The Galleria Luxury Collection from Mubadala, with a total gross asset value of about 10 billion dirhams ($2.7 billion). Both properties are operating near full capacity, with occupancy at 99% at Yas Mall and 92% at The Galleria, underscoring strong consumer demand for high-end retail in the UAE capital.
The venture deepens the long-running partnership between Abu Dhabi’s largest developer and one of its sovereign wealth funds, and aligns with the recently announced $16.3 billion expansion of Al Maryah Island, the emirate’s fast-growing financial and lifestyle hub.
The retail tie-up also comes alongside a broader push by the two groups into investment platforms. Aldar and Mubadala Capital, the asset management arm of Mubadala, recently launched Aldar Capital. The new vehicle is targeting real estate and infrastructure opportunities in the Gulf and plans to raise $1 billion next year, aiming to attract global institutional investors seeking exposure to the region’s growth.
📌 Why it matters:
Abu Dhabi is packaging prime real estate into investment platforms that look increasingly like global institutional vehicles — boosting liquidity, professional management and foreign investor access to the emirate’s growth.
📌 Bottom line:
By merging trophy malls and launching capital platforms, Aldar and Mubadala are turning the city’s urban expansion into a repeatable investment engine — not just standalone developments.
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