Acquisition of 4 ADGM towers and Dubai's office utilisation level

Acquisition of 4 ADGM towers and Dubai's office utilisation level

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  • Acquisition of 4 ADGM towers, buyer demand and Dubai's office utilisation level

Aldar Properties will acquire 4 ADGM towers worth $1.17 billion from investment company Mubadala

Al Maryah Island, Abu Dhabi Class A office buildings has a rental area of 180,000m². Aldar will also take ownership of the North and South car parks that serve the towers. This will be one of the largest real estate transactions in the UAE.

Buyer demand is up 23% compared to the same period in 2021, according to real estate experts

Great demand is caused by investors from:

  • India
  • UK
  • Italy
  • Russia
  • France

Dubai's office utilisation level is highest among Europe Middle East and Africa

Among the cities of the world, Dubai ranked 5th. According to Savills consulting agency, in Q2 2022:

  • 80% of workers returned to office work after the Covid-19 pandemic
  • Tenant-spending on premium offices increased by 11% compared to Q1 2022
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