Mubadala, Abu Dhabi property developer Aldar form four JVs to manage $8b assets

Mubadala, Abu Dhabi property developer Aldar form four JVs to manage $8b assets

An employee stands in front of a Formula One race photograph at the Mubadala stand outside the Ferrari store in Marina Mall in Abu Dhabi, September 23, 2008. REUTERS/Morteza Nikoubazl

Developer Aldar Properties and sovereign fund Mubadala have extended their partnership to own and manage assets worth over $8.2 billion across Abu Dhabi, as part of efforts by the UAE capital to boost its global appeal.

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