Aldar Properties has successfully sold a residential building within Mamsha Gardens to GAW Capital Partners, a private equity firm based in Hong Kong, for AED 586 million (approximately $160 million). This transaction not only marks a significant milestone in Aldar’s portfolio but also highlights the growing interest of overseas investors in Abu Dhabi’s real estate sector.
Aldar Sells Mamsha Gardens Building
The recently sold building at Mamsha Gardens is part of a larger residential complex that features 71 apartments and townhouses, offering over 16,000 square meters of sellable space. Nestled within the renowned Saadiyat Cultural District, this property is poised to attract a diverse clientele.
This sale underscores the rising allure of Abu Dhabi’s real estate market, particularly for international investors from Asia. Notably, Chinese and Hong Kong buyers accounted for AED 1.5 billion of Aldar’s total development sales in 2024, marking a remarkable increase compared to previous years.
Market Confidence at an All-Time High
Talal Al Dhiyebi, the Group CEO of Aldar, remarked, “This transaction underscores the strength of Aldar’s development platform and the growing appeal of Abu Dhabi’s increasingly mature real estate market to global investors – in the first quarter of 2025, 87 percent of Aldar’s UAE sales came from international buyers.”
He further added that the entry of GAW Capital Partners into the market emphasizes Abu Dhabi’s positive economic outlook and its reputation as a premier investment hub, driven by sound economic fundamentals and a vibrant asset market.
Rashed Al Omaira, Acting Director General of Abu Dhabi Real Estate Centre (ADREC), pointed out, “Abu Dhabi continues to strengthen its position as a preferred destination for international real estate investment, driven by a robust regulatory framework and economic stability.” He emphasized that the influx of new global investors reflects a maturing real estate landscape within the emirate, enhancing its long-term investment appeal.
Strategic Developments and Future Prospects
The transaction aligns with several significant capital investments in Abu Dhabi’s real estate arena, including Aldar’s strategic partnership with Apollo Global Management, valued at $1.4 billion in 2022. Given the heightened demand for properties in Mamsha Gardens, Aldar is set to launch the sale of another building within the development, further showcasing the project’s attractiveness.
In addition, Christina Gaw, Managing Principal at GAW Capital Partners, expressed her enthusiasm for the deal, stating, “We are thrilled to announce GAW Capital Partners’ first deal in Abu Dhabi with the acquisition of a residential building at Mamsha Gardens. This landmark investment reflects our positive view of the dynamic Middle East market.” She emphasized the firm’s commitment to leveraging its expertise to ensure sustainable development in the region.
The high-quality development is conveniently located near cultural attractions like the Louvre Abu Dhabi and offers easy access to various retail, hospitality, and leisure facilities, making it an attractive option for future residents.
Sales of the units are scheduled to commence on May 14, welcoming interest from buyers of all nationalities. Interested parties can visit Aldar’s Sales Centre at Aldar Square or their location in Dubai, adjacent to Kite Beach on Jumeirah Beach Road, or reach out via email or phone for more information.