Mubadala Increases Stake in Abu Dhabi Developer Aldar Properties

Mubadala Investment Company, Abu Dhabi's sovereign wealth fund, has significantly increased its stake in Aldar Properties, the emirate's largest real estate developer. Through its subsidiary, Mamoura Diversified Global, Mubadala's shareholding in Aldar's issued capital has risen from 27.01 per cent to 28.03 per cent, as confirmed in an Aldar filing to the Abu Dhabi Securities Exchange (ADX).

This increase reflects a series of independent market transactions executed on the ADX between May 8 and August 11. The roughly 1 per cent increase translates to approximately 78.6 million additional shares. Aldar clarified that this change is solely due to Mubadala's market purchases and is not linked to any corporate action initiated by Aldar itself.

The move comes as Aldar continues to report strong financial performance and strategic expansion. Last month, the developer announced a 10 per cent annual increase in its second-quarter profit, reaching a net profit of AED 2.16 billion (USD 580 million) for the three months ending June. Revenue and rental income also saw a 5 per cent year-on-year increase, totalling AED 8.1 billion during the quarter. Aldar's group development backlog stood at AED 71.6 billion at the end of June, with AED 59.9 billion attributed to projects within the UAE, anticipating revenue recognition over the next two to three years.

Despite a measured approach to new launches in the UAE, resulting in a decline in second-quarter and first-half sales for 2026, Aldar has seen strong international growth with sales surging 171 per cent in Egypt and 236 per cent in London during the first half. The company plans to continue launching new projects, focusing on luxury and middle-income segments in the latter half of the year.

Mubadala and Aldar have a history of strategic collaborations, including a AED 10 billion retail platform joint venture completed in February, consolidating Yas Mall and The Galleria Luxury Collection. They also acquired The Link at Masdar City for AED 654 million in April and announced a AED 60 billion collaboration in December last year to expand Abu Dhabi’s financial district on Al Maryah Island, incorporating new office spaces, housing, and retail units. Also, they jointly launched an investment management platform to connect global institutional investors with property opportunities across the UAE and the Gulf region.