Real Estate from Mubadala

About Company

Mubadala is a state-owned entity, established as a Public Joint Stock Company since 2017. The holding includes a number of subsidiaries working in various fields of economics in the UAE and abroad. Thus, Mubadala has a wide range of interests which lie in real estate, aerospace, agricultural business, capital, healthcare, ICT, metals and mining, pharmacy and medicine, renewables, semiconductors and utilities.

The company structures its operation around 4 global platforms, that allow them to concentrate on prioritized areas of the business and adjust efforts in maintaining portfolio growth and risk management. These are as following:

1. The UAE investment platform proposes to develop home-grown brands in commercial and industrial sectors.
2. Direct investments – focusing on the markets of North America and Europe, the subdivision builds partnership with companies and champions in technology, life sciences, energy, chemicals and more.
3. Disruptive investments – within this platform the company deploys capital to innovative technologies and alternative businesses, such as artificial intelligence, self-driving cars, ride sharing, etc.
4. Real estate and infrastructure – the platform will invest in income-producing properties around the world to gain long-term returns along an entire business cycle.

This formation was proposed not so long ago and it is yet to prove its effectiveness.

History

Mubadala was created through the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company (MDC). IPIC was founded in 1984 and MDC in 2002 and each company had a long and successful history before the unity. In 2018, the group was significantly fortified by the addition of the Abu Dhabi Investment Council, a wholly-owned investment vehicle of the Abu Dhabi Government. That merger has resulted in a combined investment portfolio of AED 918 billion (USD 250 billion) and has secured Mubadala Investment Company as 2nd place among the largest sovereign wealth funds in the emirate capital and the 3d in the UAE.

Today, the company successfully operates in more than 50 states around the globe with offices in Abu Dhabi, New York, San Francisco, London, Rio de Janeiro, Moscow and Beijing.

Latest News

Due to an official report released by Mubadala, the company closed the financial year of 2020 with record profit and growth:

• A comprehensive income is estimated at AED 72 billion (USD 19,6 billion).
• Assets under management AED 894 billion (USD 243 billion). For comparison, in 2019 equity across the group achieved AED 853 billion (USD 232 billion) in value.
• In 2020 the company deployed AED 108 billion (USD 29,4 billion) of capital investment, which is 51% more than the year before. In contrast, other state funds invested in a fifth less during the coronavirus pandemic affected 2020 year.


In 2020, Mubadala deployed capital through its established partnerships to India, Russia, China and France. Notably, the main place of force for Mubadala is the UAE and US markets. These markets take up the largest share of the company’s portfolio.

Some of Mubadala’s most recent investment projects include a collaboration with social media platform Telegram in Abu Dhabi and an agreement with the UK Government on strategic partnership in life sciences marked out by AED 4.15 billion (USD 1.13 billion) of initial investment.

Mubadala Arm in Real Estate

Mubadala Real Estate and Infrastructure is the holding unit, specializing in real estate investment and development. The company started international collaborations in 2013 and now geography spans across Asia, Europe and North America. Mubadala Real Estate invests directly into promising commercial, residential, industrial, retail and selected hospitality projects through joint ventures. It is worth mentioning that contribution to the property sector takes up around 11% of the entire group portfolio.

The company hand-picks capital projects considering a confluence of factors such as, property type, market cycle and current priorities. The partners for joint ventures are subject to rigorous analysis and selection processes as well.

As one of the key players in Abu Dhabi real estate market the company does not simply invest in buildings, but also lays the groundwork for tomorrow’s positive transformations of an urban environment and takes responsibility for changes.

Even against the background of the coronavirus pandemic impact, Mubadala Real Estate and Infrastructure offered a AED 420 million programme of economic relief for occupiers of its residential, commercial and retail developments. The most recent measures include a quarterly deferment of rent and service charges for Abu Dhabi Global Market Square tenants (Q2 or Q3, 2021 optional).

Best Properties by Company

Mubadala Real Estate and Infrastructure owns a raft of developments across Abu Dhabi, that includes various mix scale projects. Al Maryah Island is the most prominent, as it houses several distinctive projects. It is designed as a financial hub within a free-investment zone, providing top notch amenities for business and a premier lifestyle, featured with upscale shopping and dining venues, sports and healthcare facilities. Abu Dhabi Global Market (ADGM), which is an anchoring establishment and the epicenter of financial activity in Al Maryah, comprises 4 office buildings, called Al Sila, Al Sarab, Al Maqam and Al Khatem and 2 five-star hotels; the Rosewood and the Four Seasons. ADGM offers about 5 million sq. ft of retail, office and hotel spaces with more than 50 blue-chip local, regional and international companies, already choosing to lease offices in Abu Dhabi Global Market Square.

Al Maryah Island covers around 282 acres and is perceived as one of the largest construction sites in Abu Dhabi. Despite the fact that many projects have an on-going status, the neighborhood has already gained popularity, particularly in terms of buying apartments. The most in demand residential tower is Al Maryah Vista (due to sales statistics and the number of internet searches in 2020).

Al Maryah Vista is the 1st free-hold residential project released in Al Maryah Island. It was launched in tandem with privately owned Webridge Properties. The 22-storey tower holds 772 units, which come in several configurations; studios and 1-3-bedroom apartments. The waterfront development offers high-end amenities and hotel-like services such as a pool with a lounge, gym, concierge assistance, comprehensive security and more.

Mubadala sells commercial land plots in Al Maryah Island. The designated spaces in the multi storey buildings will house primarily offices, along with dedicated retail spaces and parking. Current offers include plots starting from 42,184 sq. ft in size.

Along with all the above mentioned projects, the branch strongly supports local universities; United Arab Emirates University in Al Ain, Sorbonne University and Zayed University in Abu Dhabi. As it is reported, the Mubadala’s sponsored establishments provide places for 25,000 students in total.