Abu Dhabi Financial Expansion accelerates with a $16.3 billion project on Al Maryah Island. Mubadala Investment Company and Aldar Properties lead the initiative to double Grade A office space and add luxury residences, retail, and hospitality facilities. This expansion supports the emirate’s push to strengthen Abu Dhabi Global Market’s (ADGM) central role in international finance.
Project Scope and Facilities
The development spans more than 1.5 million square meters of gross floor area. It will feature 450,000 square meters of new Grade A office spaces and about 3,000 waterfront luxury homes. Complementing these are retail outlets and hotels, designed to create a dynamic live-work-play environment. Aldar holds a 60 percent stake in the project, aligning with rising demand from global financial firms.
ADGM’s Growing Influence
ADGM anchors Abu Dhabi’s financial district, regulating and hosting over 11,000 active business licenses and roughly 40,000 professionals. The expansion aims to attract more international investors, hedge funds, and asset managers, fueling ADGM’s rapid growth as a leading financial center in the region.
Strategic Importance
The hub’s growth follows increased interest from top global firms like BlackRock and Morgan Stanley. By integrating commercial and lifestyle offerings, the project positions Al Maryah Island as a premier destination for top talent and investors. This aligns with Abu Dhabi’s vision to be a key financial and business hub with an integrated ecosystem.
Leadership Perspectives
Aldar Group CEO Talal Al Dhiyebi regards the expansion as a significant milestone in Abu Dhabi’s financial ascent, strengthening ADGM’s strategic position. ADGM CEO Salem Al Darei highlights the project’s role in fostering an innovative ecosystem for institutions and businesses worldwide. Both emphasize collaboration between Mubadala and Aldar as vital to the project’s success.
Future Outlook
The expansion reinforces Abu Dhabi’s ambition to be known as the “Capital of Capital,” attracting global capital, talent, and innovation. The project will elevate the emirate’s global finance profile and support sustained economic diversification. It also promises a vibrant community tailored to meet the evolving needs of financial leaders and residents, boosting Abu Dhabi’s stature as a leading global financial hub.
