Aldar Properties Completes Sale Of Mamsha Gardens Building To GAW Capital Partners For AED 586 Million

Aldar Properties has finalised the sale of a residential building in Mamsha Gardens to GAW Capital Partners, a real estate private equity firm from Hong Kong, for AED586 million. This marks GAW Capital's first venture into the UAE market, highlighting Abu Dhabi's growing international property appeal, particularly within the Saadiyat Cultural District and Aldar’s residential offerings.

The building is part of the Mamsha Gardens development in the Saadiyat Cultural District. It features 71 apartments and townhouses with a total sellable area exceeding 16,000 square metres. This transaction underscores the increasing interest from Asian investors in Abu Dhabi's real estate market.

Interest from Asian investors is on the rise, with Aldar Properties reporting significant sales to buyers from China and Hong Kong. In 2024, these buyers accounted for AED1.5 billion of Aldar’s total UAE development sales, marking a more than 30-fold increase compared to 2022. This trend continued into early 2025, with AED1.3 billion in sales already recorded.

Rashed Al Omaira, Acting Director-General of Abu Dhabi Real Estate Centre (ADREC), stated, "Abu Dhabi continues to strengthen its position as a preferred destination for international real estate investment, driven by a robust regulatory framework, economic stability, and a growing pipeline of high-quality assets."

The influx of global investors reflects Abu Dhabi's maturing real estate sector and highlights confidence in its long-term value-driven market. Talal Al Dhiyebi, Group CEO at Aldar Properties, noted that in the first quarter of 2025, international buyers accounted for 87 percent of Aldar’s UAE sales.

He added that GAW Capital Partners' entry into the UAE signifies Abu Dhabi's economic growth expectations and its status as a prime investment destination. The emirate continues to attract investors due to its strong economic fundamentals and high-quality assets.

Commitment to Sustainable Development

Christina Gaw of GAW Capital Partners expressed optimism about their investment in the Middle East. She said, "This landmark investment reflects our positive view of the dynamic Middle East market, its potential for growth and innovation, and our trust in Aldar as a leading UAE developer."

This transaction showcases Aldar’s ability to collaborate with diverse international players and attract global capital flows across its platform. It also highlights their commitment to sustainable development in the region.

The deal not only strengthens Aldar’s position but also demonstrates Abu Dhabi's appeal as an investment hub driven by economic stability and quality developments. The emirate continues to draw interest from strategic international investors seeking long-term value.

With inputs from WAM