Middle East News 247
Business Real Estate

Abu Dhabi’s Mubadala weighs selling property assets to Aldar

Mubadala Investment Co. is weighing the sale of a mall and other real estate assets to Abu Dhabi’s largest property developer Aldar Properties, according to people with knowledge of the matter.

The sovereign wealth fund is considering selling the Galleria Mall on Al Maryah Island, as well as the city’s financial district, Abu Dhabi Global Market, to Aldar, the people said, asking not to be identified because the discussions are private.

Mubadala may also dispose of some residential buildings in the United Arab Emirates’ capital, they said.

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