A
at
Mubadala Development
's annual report (which you can download
), shows that it has a land bank of some 584m square feet (or 20.9 square miles).
Aldar Properties
, the largest property developer in Abu Dhabi, has about 548.9m square feet, which means Mubadala's land bank is 6 per cent bigger.
This gives a hint at the development plans Mubadala will pursue over the next years. Already, the company's Real Estate & Hospitality division is building major projects on Sowwah Island, Mina Zayed and Zayed Sports City.
Who knew, before this report, that the group had an extra 2.2m square feet on Reem Island (where it is already building a campus for the Sorbonne), or 79m square feet of land in Khalifa City, where the Urban Planning Council envisions an urban centre that will be a focus of education, government and high-tech industry by 2030? Mubadala officials would not comment on their future plans, other than to say that it will fit in with Abu Dhabi's strategic plans.
I have created a helpful highlights spreadsheet
. Read the full article and analysis in today's The National
.
