L’IMAD Holding Company has increased its ownership stake in AD Ports Group.

Billed as a significant development, the acquisition follows the completion of its cash buyout deal with one of its minority shareholders, Al Seer Marine Supplies and Equipment (ASM), a global maritime organisation headquartered in Abu Dhabi.

ASM confirmed that its board of directors had officially accepted the offer from L’IMAD through Abu Dhabi Developmental Holding Company (ADQ). The offer was made at a price of US $1.7 per share, which valued the transaction at $632mn.

“The company confirms that the transaction has been successfully completed. The relevant shares have been transferred to ADQ,” said ASM in a disclosure to the Abu Dhabi Securities Exchange (ADX).

With ASM’s departure, the wealth fund has gained more control over the prominent infrastructure and logistics firm in Abu Dhabi.

ASM’s shares hold a 7.3% stake in AD Ports Group. As of August 2026, L’imad, through ADQ, had a 75.42% ownership stake in AD Ports Group. The sovereign wealth fund aims to acquire up to 100% of the company’s issued and paid-up share capital.

Source: ME Construction News

Emirates Biotech and United Arab Emirates University (UAEU) are collaborating on a research project to design, construct, and operate the UAE’s inaugural integrated organic-waste valorisation pilot plant. The project aims to transform mixed food waste streams, which include compostable packaging, into renewable biogas and nutrient-rich compost. The partnership was launched at UAE University in Al Ain, in the presence of key stakeholders from various value chains.

The pilot plant, strategically located near the UAEU campus in Al Ain, has the capacity to process up to 40kg of organic waste daily. The project’s primary focus is to develop technical and operational guidelines that will support the potential expansion of this model in the UAE and beyond.

In the UAE, food waste constitutes a significant portion of daily municipal solid waste, accounting for nearly 40%. A substantial amount of this waste is disposed of in landfills. Traditional plastic packaging heavily contaminated with food residues presents challenges in terms of recycling. The project seeks to explore the possibility of processing food waste and compostable packaging together, thereby recovering valuable resources and effectively diverting waste from landfills.

Dr. Rami, Associate Provost for Research, UAEU stated, “We believe that solving societal and environmental challenges requires strong collaboration between academia and industry. Our partnership with Emirates Biotech demonstrates how research and innovation can be translated into practical, scalable solutions that support the UAE’s sustainability goals.”

“This integrated pilot project will evaluate a practical end-of-life pathway for food waste and compostable packaging, while supporting the UAE’s circular economy, food security and Net Zero ambitions. It will also provide a platform for training students and researchers and strengthening local capability in waste-to-resource technologies,” said Professor Zafar Said Sher, UAEU project lead.

The pilot plant will combine anaerobic digestion and composting to generate renewable biogas and nutrient-rich compost. Over the 2-year project, researchers will assess the performance, environmental, and economic viability of this integrated process. Installation and commissioning are expected to be completed by August 2027.

Students and researchers will actively participate in the project, gaining practical research experience and technical training. Additionally, a laboratory-scale assessment will explore the potential of converting the biogas into renewable hydrogen, the statement noted.

“The project will demonstrate a novel integrated biorefinery concept for organic waste management in the UAE. Anaerobic digestion will convert organic waste into renewable biogas, with the potential for upgrading to green hydrogen. The resulting digestate will undergo composting to produce nutrient-rich compost. Successful regional validation could be a game changer for organic waste diversion and circularity, while demonstrating the role of compostable packaging as an enabler,” explained Dr. Aman Kulshrestha, Chief Technology Officer of Emirates Biotech.

If successfully scaled, an integrated organic waste valorisation plant could potentially reduce CO₂ emissions by 89% compared to landfilling, the statement said.

By generating validated technical evidence, the project aims to provide a scalable and modular roadmap for transforming food waste and compostable packaging into renewable biogas and compost. This approach supports the UAE’s long-term waste management, circular economy, and sustainability goals, it concluded.

Source: ME Construction News

DCIB Construction has won the contract to deliver the Phase 2 Expansion of King’s College Hospital London – Dubai Hills. The company said that being appointed as the main contractor for the project marks a significant milestone in the company’s expanding portfolio of complex and specialised healthcare developments across the UAE.

As the main contractor, DCIB Construction along with its MEP joint venture partner – Menasco Mechanical Contracting – will lead the delivery of this technically advanced healthcare development. Other project partners include: Ensari Project Management and Development Consultancy as the client representative; AtkinsRéalis as the project management consultancy; HDP as the resident engineer and supervision consultant, and H+A as the lead designer.

The groundbreaking ceremony was held on 23 September 2026 and marked the formal start of the expansion. The development will increase the hospital’s capacity to 200 beds while expanding its medical, surgical and critical-care capabilities, including radiation oncology and enhanced specialist services. The project is scheduled for completion in 2028.

The groundbreaking ceremony brought together senior leadership including H.E. Ahmed Humaid Al Tayer and Kimberley Pierce along with key members of the project delivery team.

“King’s College Hospital London – Dubai Phase 2 reflects the level of complexity and technical responsibility that defines DCIB’s approach to construction. We are proud to be entrusted with the delivery of this significant healthcare development and to work alongside King’s College Hospital London – Dubai and our project partners. Our focus is clear: disciplined execution, technical excellence and a delivery standard that reflects the importance of the facility we are building,” said Derek Lewis, CEO, DCIB Construction.

“We are delighted that this project brings together advanced healthcare, complex engineering and specialist construction—areas that are central to DCIB’s capabilities. Our role is to translate the project vision into a high-performance clinical environment through precise execution, strong technical coordination and uncompromising quality. We are proud to contribute to the next phase of King’s College Hospital London – Dubai and to the continued advancement of specialist healthcare in the UAE,” commented Anil Kumar, Managing Director, DCIB Construction.

According to DCIB Construction, the expansion requires the seamless integration of structural, architectural, MEP and specialist clinical systems, supported by rigorous controls for safety, quality, programme, coordination and clinical functionality.

A defining capability within DCIB’s healthcare portfolio is its expertise in radiation-shielded construction and nuclear bunker facilities. These highly specialised environments demand exceptional precision in shielding structures, high-density concrete, specialist penetrations, medical equipment interfaces and complex MEP coordination, it added.

The contractor noted that its specialist capabilities provide a strong technical foundation for oncology, radiotherapy and nuclear medicine environments, where construction accuracy, engineering coordination and regulatory compliance are integral to the safe and effective operation of advanced medical technology.

The Phase 2 expansion is said to represent another important addition to DCIB Construction’s healthcare portfolio, strengthening its capability to deliver technically demanding, high-value developments where engineering excellence, construction precision and operational performance are fundamental to project success.

Source: ME Construction News

Etihad Rail and AD Ports Group have collaborated to launch a new direct rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD). The integrated inland logistics rail depot solution links one of the UAE’s main East Coast maritime gateways on the Gulf of Oman with the nation’s major industrial zones in Abu Dhabi. It combines a new dedicated rail freight service and a customs enabled inland cargo gateway designed to bring trade closer to customers.

Developed in partnership with AD Ports Group, Etihad Rail said it is extending the reach of Fujairah Terminals beyond the port gates. It enables cargo arriving in Fujairah to be transported directly by rail 200km to ICAD, where customers can access customs clearance, inspection, and cargo release services. A significant milestone in this launch is the designation of ICAD with its own UN Locode AECAD, establishing it as a recognised international logistics location within global shipping and trade systems. For the first time, shipping lines, freight forwarders, and cargo owners can book cargo directly to ICAD as the destination and clearance point, said a statement.

Combined with dedicated customs and inspection infrastructure, this enables containers arriving at Fujairah Terminals to be transported directly by rail to ICAD for inspection, clearance, and release. This simplifies customs processes, reduces handling requirements, and accelerates the movement of goods across Abu Dhabi.

The solution is designed to serve importers, exporters, manufacturers, distributors, and logistics providers operating across Abu Dhabi, allowing them to receive cargo closer to warehouses, production facilities, and end markets, it added.

On the strategic deal, Etihad Rail Freight CEO Omar Alsebeyi said, “The launch of our new Fujairah-ICAD rail service represents another important step in unlocking the full potential of the UAE National Rail Network for our customers. Through our partnership with AD Ports Group, we have created an innovative logistics solution that goes beyond transportation by bringing key port services closer to where cargo is ultimately needed. By combining rail connectivity with customs-enabled inland cargo handling and the ability to book cargo directly to ICAD, we are helping customers move goods more efficiently, simplify logistics processes, and reduce the time between vessel arrival and final delivery.”

The new service offers customers reliable schedules, reduced road congestion, enhanced scalability for high-volume cargo movements and lower carbon emissions compared with traditional long-haul trucking. Operating 3-times per week, the dedicated Etihad Rail service connects Fujairah Terminals with ICAD, strengthening multimodal cargo flows across the corridor.

AD Ports Group (Ports Cluster), CEO, Saif Al Mazrouei noted, “Strong trade corridors are built by connecting gateways with the industrial and commercial ecosystems they serve. The integrated service brings together Fujairah Terminals, Etihad Rail and ICAD as part of a more connected system, extending the reach of our port infrastructure beyond the terminal and bringing essential services closer to customers. Through our partnership with Etihad Rail, we are enabling seamless, reliable and resilient cargo flows, while providing businesses with greater flexibility in how they access markets and manage their supply chains. This seamless approach strengthens connectivity across the trade ecosystem, supports long-term growth and reinforces Abu Dhabi’s position as a gateway of choice for trade and industry.”

The launch of the service underscores the shared commitment of Etihad Rail and AD Ports Group to bolstering the UAE’s logistics and trade infrastructure by enhancing connectivity, fostering innovation, and delivering customer-centric supply chain solutions.

The partnership leverages the capabilities of Fujairah Terminals, the extensive reach of the UAE National Rail Network, and an inland gateway equipped with customs and cargo handling services. This aims to establish a more efficient and resilient logistics ecosystem, catering to businesses operating across the nation, the statement concluded.

Source: ME Construction News

Luxury real estate developer Dar Global said it is reinforcing its commitment to the region’s fastest-growing real estate markets by showcasing its residential portfolio across Saudi Arabia and Qatar.

Following an exclusive Dubai preview presenting the developer’s latest opportunities to top brokers and investors, Dar Global said it is expanding access to its premier project pipeline as both Saudi Arabia and Qatar.

The move is said to solidify both countries’ standings as leading global real estate destinations, driven by historic economic reforms, massive infrastructure investment, and modernised foreign ownership frameworks.

Ziad El Chaar, CEO of Dar Global said: “Following our engagement with leading brokers and investors, we are seeing immense appetite for luxury residences and second homes across Saudi Arabia and Qatar. In Saudi Arabia alone, buyers from 59 nationalities have already invested with us – demonstrating that global buyers are actively betting on the Kingdom’s trajectory even before foreign ownership zones are fully finalised.”

“What makes Saudi Arabia fundamentally unique is its US $160bn domestic market, giving international investors a built-in airbag, while Qatar’s world-class infrastructure and residency incentives continue to draw high-net-worth global citizens. Our developments across Riyadh, Jeddah, and Doha offer investors turnkey, world-class branded real estate in the region’s most dynamic growth corridors,” he explained.

In Saudi, historic real estate reforms have opened property ownership to non-Saudis under a structured digital framework, with the announcement of designated zones viewed as a major catalyst for international market entry. The Kingdom is said to offer a unique structural advantage: a deep organic domestic market supported by national housing targets and long-term population growth, alongside no personal income tax, property-linked residency for investments over $1mn, and a US Dollar-pegged currency, the statement explained.

Discussing Qatar, the developer said the country is driving international demand through designated foreign ownership zones and attractive real estate residency programmes (golden visas), granting foreign buyers multi-year or permanent residency, 0% capital gains tax, and full capital repatriation within landmark masterplans led by Qatari Diar.

Dar Global’s expanding regional footprint features 3-benchmark luxury destinations across both markets. Within Riyadh’s exclusive Diriyah, Wadi Safar district, the developer is progressing Rayana, offering Mansions and branded Trump Mansions the project’s strategic location is near King Abdullah Financial District (KAFD) and Expo 2030 corridors, the statement noted.

Meanwhile, Trump Plaza Jeddah anchors the Amaya development on King Abdulaziz Road, introducing Trump Park Residences, Trump Executive Residences, and Townhouses alongside a members-only Vitality Club. Across Qatar, Dar Global is advancing Trump International Golf Club Simaisma, in the heart of the capital Doha, featuring ultra-luxury golf and beachfront villas within Qatari Diar’s 8m sqm Simaisma masterplan alongside a 650,000sqm theme park ‘Land of Legends’ and 3-hotels and a yacht marina, it concluded.

Source: ME Construction News

UAE-based developer Eagle Hills and the Government of Maldives have signed a commercial terms agreement for the development of the Maldives Waterfront and Marina. The project is billed as a major new integrated island destination in the Ras Malé area, and is said to be one of the most ambitious development initiatives in the country’s history.

According to a statement by Eagle Hills, the commercial terms agreement sets out the shared vision and principal commercial terms of the project, with detailed terms to be developed as the project progresses.

With an overall development scale envisioned in the region of US $12bn over its various phases, the project represents a transformational long-term vision for the Maldives, the statement said.

Mohamed Alabbar, Chairman of Eagle Hills said, “The Maldives is a truly special place, with unmatched beauty and global appeal. Our ambition is to build responsibly on that strength and create something truly world-class.”

The project is envisioned as a world-class global tourism, waterfront and marina destination, and aims to bring together international hospitality, premium residences, branded residences, a world-class marina, waterfront leisure, retail, dining, entertainment, wellness, education, healthcare and community facilities within an integrated destination.

H.E. Dr. Abdulla Muththalib, Minister of Infrastructure, Housing and Urban Development, Maldives added, “In Eagle Hills and its Chairman, Mohamed Alabbar, the Maldives has a partner whose record speaks for itself — from the making of Downtown Dubai to Belgrade Waterfront and destinations across 3-continents, few names in global real estate carry the same authority in building city-scale destinations from the ground up. That is the calibre of partnership we have secured for Ras Malé.”

The project builds on the extraordinary strength of the Maldives brand. Recognised around the world for its natural beauty, exceptional hospitality and unique island experience, the Maldives has established a position few destinations can replicate. The development will build on this legacy, complementing its globally renowned resort sector with a new generation of waterfront living, hospitality and marina experiences, the statement said.

At its heart will be an internationally significant destination where hotels and resorts, premium residences, branded residences, marina experiences, waterfront promenades, dining, retail, wellness and entertainment come together around the water. Education, healthcare, community infrastructure and high-quality public spaces will complete an integrated environment combining tourism, residential life and year-round economic activity. Properties within the destination will be offered through a long-term leasehold framework under Maldivian law, with terms of up to 99-years. Upon each transfer, whether through sale or inheritance, a new leasehold term of up to 99-years will commence, providing lasting continuity for owners across generations, it added.

Eagle Hills said that the development is expected to broaden the Maldives’ tourism offering, and will create new reasons to visit, stay longer, return and invest, while attracting new international visitor segments and further strengthening the country’s position as one of the world’s most desirable tourism and lifestyle destinations.

Responsible development and environmental stewardship will guide the project from planning through delivery. The masterplan will respond carefully to the Maldives’ unique relationship with the ocean and its sensitive island environment, embedding sustainability, resilient infrastructure and protection of the natural setting throughout, the statement explained.

The project will be developed on reclaimed land, with no further dredging to be undertaken by Eagle Hills. Independent marine monitoring will accompany construction as the project progresses, helping ensure the development remains sensitive to the waters and natural environment that define the Maldives, it added.

Dr. Muththalib added, “For the Maldives, this is the largest investment programme in our history — billions of dollars of foreign investment moving through our banking system, creating jobs, homes for Maldivian families, and direct revenue to the State from every sale, achieved without tax giveaways and without government borrowing.”

The Maldives Waterfront and Marina is projected to establish a major new platform for sustained foreign investment in the Maldives. The expected inflow of international capital will underpin long-term value creation across the Maldivian economy. The wider activity generated by the development is also expected to create significant tax contributions and stimulate growth across hospitality, construction, retail, marine services, technology and other sectors.

Over its lifetime, the project is expected to create significant direct and indirect employment opportunities. This activity will open new career pathways for Maldivians, strengthen local supply chains and create sustained demand for local businesses, suppliers and professional services, helping retain a greater share of the economic value created within the Maldives, the statement said.

By bringing tourism, hospitality, residential communities and enterprise together, Maldives Waterfront and Marina aims to translate international investment into lasting economic value for the Maldives and its people, while establishing an exceptional waterfront and marina destination worthy of the country’s extraordinary international standing, it continued.

“Most importantly, this project establishes a structured, world-class real estate sector for the Maldives — a new pillar of our economy standing alongside tourism. It is a decisive step on our path to becoming a high-income country by 2040,” Dr. Muththalib concluded.

Source: ME Construction News

Beam Global has signed a Memorandum of Understanding (MoU) with Masdar City Free Zone to explore opportunities for integrating Beam Global’s smart-energy and clean-mobility technologies into the Masdar City ecosystem.

This partnership aligns with the GCC countries’ strategic focus on green investments and economic transformations, as highlighted in a statement by Strategy& (a part of the PWC Network). GCC countries said that they aim to make significant investments in the trillion-dollar range to achieve these goals.

Desmond Wheatley, CEO of Beam Global said, “Partnering with Masdar City, a global leader in sustainable urban development, is a major milestone for Beam Global as we expand our footprint in the Middle East. Our sustainable mobility, energy storage and smart city solutions are engineered to deploy rapidly without grid constraints, making them a perfect fit for Masdar City’s vision of a clean, resilient, and zero-carbon future while prioritising sustainability in urban infrastructure and transportation.”

Beam Middle East will introduce and supply advanced energy systems for potential application within the ecosystem. These systems include off-grid EV charging infrastructure, solar-integrated e-bike solutions, and other clean-energy mobility technologies. These technologies are designed to reduce emissions and expand access to sustainable transportation. Beam said that it believes these technologies fit naturally into the smart mobility ecosystem fostered by Masdar City Free Zone, particularly within the Smart and Autonomous Vehicle Industries (SAVI) cluster.

Dr Mohamed Al Breiki, Executive Director, Masdar City said, “For nearly 2-decades, Masdar City has served as a global benchmark and proven enabler for sustainable urban innovation. Integrating Beam Global into our Free Zone ecosystem creates a valuable opportunity to explore next-generation mobility and off-grid energy technologies.”

“In alignment with national goals for resilient, high-performance infrastructure, we look forward to evaluating how these innovative solutions can contribute to cleaner, smarter urban environments across the UAE and beyond,” he added.

Mahmoud Al Hosani, Executive Director of Finance and Support Services at Masdar City commented, “Attracting a Nasdaq-listed innovator like Beam Global into the Masdar City Free Zone highlights the strength of our commercial ecosystem and our commitment to providing seamless support services for international clean-tech leaders. By offering a competitive, business-friendly environment backed by robust operational support, we empower high-growth companies to establish a strong regional footprint in Abu Dhabi. We look forward to facilitating Beam Middle East’s growth as we explore sustainable energy solutions within our ecosystem.”

Established at Masdar City, the SAVI cluster aims to position Abu Dhabi as a leading hub for advanced transportation. It provides a progressive regulatory framework and green infrastructure to accelerate the evaluation and commercialisation of smart transit solutions.

Operating within this environment, the free zone empowers licensed partners like Beam Middle East to explore how off-grid energy and e-mobility systems can support cleaner, more resilient urban infrastructure.

Source: ME Construction News

Dubai-based luxury residential developer Condor Developers has handed over its US $81.2mn Golf Links 18 project in Dubai Sports City. Golf Links 18 is the fifth residential offering built by the developer.

The developer said that all 256 residential units have been handed over to a diverse mix of investors. Golf Links 18 has 126 studios, 98 1-bedroom, 28 2-bedroom as well as 3 3-bedroom apartments. The 14-floor Golf Links 18 is built on a 47,000sqft plot and the development has 18-lifestyle amenities, including: a Sky Retreat, 2-infinity pools, rooftop yoga deck, outdoor cinema, gym, sauna and steam room.

“Delivering Golf Links 18 is yet another milestone for us. It is also a reaffirmation of our promise to our investors that as an integrated property developer, our commitment is to deliver on time. We have an eclectic mix of investors in Golf Links 18, led by a healthy number of buyers from Europe, including the UK, Russia, France, Slovakia and Asia, apart from investors from the UAE. The robust mix of investor nationalities is also a testament to Dubai’s continuing and unwavering position as a global property investment destination,” said Vidhyadharan Sivaprasad, Chairman and CEO of Condor Developers.

Sivaprasad also said that as an established residential community with excellent and ready infrastructure, Dubai Sports City also offers higher asset value potential, rental yields and ROI to investors in Golf Links 18.

“Timelines are important in a competitive market as much as design and location, and delivering on time enhances investor confidence, apart from bringing early rental yields and capital appreciation,” he stated.

Condor said it has a robust pipeline of upcoming projects including in Dubai Islands and other strategic locations, while continuing to build on its reputation for premium construction and reliable delivery.

The developer’s completed residential portfolio includes Condor Castle in JVC, Condor Concept 7 in JVC, Condor Marina Star in Dubai Marina, Condor Golf Links 18 in Sport City and Condor Fortuna in Majan. It also said that Condor Sonate Residences is under construction and will be ready for handover in Q1 2027.

Source: ME Construction News

ACCIONA has said it achieved a significant Health, Safety and Environment (HSE) milestone in Qatar. The company tracked 20m safe man hours without a Lost Time Injury (LTI) across its water operations in the country.

The milestone is said to represent 917 consecutive days without an LTI, with the record maintained since 27 February 2024. The achievement is said to reflect the consistent application of ACCIONA’s health and safety standards across its operations, supported by strong leadership, proactive risk management, operational discipline and close collaboration between employees, subcontractors, suppliers and partners.

“Reaching 20m safe man hours without an LTI is a significant milestone and a reflection of the commitment and professionalism of everyone involved in our operations. Safety is at the heart of how we work, and this achievement demonstrates what can be accomplished when every person takes responsibility for maintaining a safe workplace,” explained Jose Francisco Garcia, EPC Director for the Water business of ACCIONA in Qatar.

Safety is embedded throughout ACCIONA’s activities, with teams encouraged to identify potential risks, intervene when necessary and continuously improve working practices. This approach supports a working environment in which safety is treated as a shared responsibility and remains central to day-to-day operations, the firm said.

ACCIONA remains committed to maintaining a strong safety culture across its operations in Qatar and to continuously strengthening its HSE practices, it concluded.

Source: ME Construction News

The Aldar and Mubadala Investment Company joint venture has acquired Masdar City Square for a sum of US $250mn. Masdar City Square is located near Zayed International Airport and boasts direct access to highway networks that connect Abu Dhabi and Dubai.

The complex comprises over 47,000sqm of net leasable area spread across 7-office buildings. It was completed in the first quarter of 2026 and is currently 99% occupied by tenant base, including TAQA, the Department of Energy, Emirates College, and Mohamed bin Zayed University of Artificial Intelligence.

Aldar said the transaction further scales the partners’ quality, income-generating real estate portfolio, now valued at $1.28bn within Masdar City, one of the region’s hubs for clean energy, AI, advanced research and sustainable urban development.

Aldar Group CEO, Talal Al Dhiyebi said, “Abu Dhabi’s strong economic fundamentals and continued investment in future-focused industries are attracting businesses, institutions and talent from around the world, supporting sustained demand for high-quality commercial real estate.”

“Masdar City is an important part of that growth story, with a distinctive ecosystem built around clean energy, technology, AI and advanced research. Masdar City Square adds quality, highly occupied asset to our joint venture with Mubadala as we continue to scale our presence in this strategically important destination,” he added.

Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform, Mubadala added, “Investing in the infrastructure of future-focused sectors is central to how Mubadala’s UAE Investments Platform builds long-term economic value in Abu Dhabi. Masdar City Square is a newly completed commercial asset with near-full occupancy and a high-quality institutional tenant base that reflects Mubadala’s disciplined investment approach.”

“Through our joint venture with Aldar, we are assembling a real estate portfolio that strengthens the operating environment for knowledge-driven industries, advances the UAE’s Net Zero ambitions, and contributes to the continued diversification of the UAE economy,” stated AlMheiri.

Masdar City CEO, Ahmed Baghoum remarked, “Sustainability is central to the design of the complex, which is designed to achieve LEED Platinum and WELL Gold certifications and features solar photovoltaic systems and passive cooling techniques. It also adds a Net Zero energy HQ office building, currently serving as Abu Dhabi Department of Energy’s HQ, to the joint venture’s portfolio. Connected to Masdar City’s wider commercial and lifestyle ecosystem, the acquisition advances Masdar City’s vision for a connected, sustainable community that supports investment, innovation and growth, creating lasting value for Abu Dhabi.”

This venture involved acquiring 17 assets within the Masdar City Green REIT and The Link at Masdar City, which concluded in Q1 2026. With the addition of Masdar City Square, the JV now boasts a diversified portfolio encompassing over 158,000sqm of net leasable commercial space.

This space is occupied by a tenant base that includes entities like IRENA, Masdar, Siemens, G42, and the UAE Space Agency. The portfolio has a weighted average unexpired lease term of 5.2 years and comprises over 1,400 fully occupied residential units.

Source: ME Construction News