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Mubadala and TARAF explore Al Reem waterfront district
A proposed 10-plot masterplan pairs sovereign investment with private development, placing pedestrian connections and public space at the centre of the brief
Ten waterfront plots on Abu Dhabi’s Al Reem Island could be developed under one masterplan, following an agreement between sovereign investor Mubadala and TARAF, Yas Holding’s property development arm. Signed on 30 September 2026, the memorandum of understanding covers approximately 5.4 million sq ft of gross floor area on around 655,000 sq ft of land. Mubadala Investment Company
The proposal combines apartments and penthouses with commercial space, shops and dining. Landscaped pedestrian routes, plazas and community amenities would link its components and improve waterfront access, with ground-floor activity intended to support a more walkable neighbourhood. WAM The test will be whether those connections work across plot boundaries, rather than remaining features within individual developments.
Al Reem Island, Abu Dhabi, where Mubadala and TARAF are exploring a 10-plot mixed-use waterfront development
Ten plots are being considered as one district, with pedestrian routes and public spaces intended to hold it together.
Mubadala’s involvement builds on an established development role. In December 2025, it announced a joint venture with Aldar to expand Al Maryah Island, with a gross development value exceeding AED 60 billion. Al Reem adds another prospective partnership to that model of sovereign investment working with property developers. Aldar
The agreement establishes a framework to assess and progress the scheme, not a confirmed construction programme. Mubadala identifies itself as the investment partner, but the announcement names no architect and discloses no funding commitment, procurement route or delivery timetable. Mubadala Investment Company
For practices, the proposed mix suggests potential roles across masterplanning, architecture, landscape, public realm and mobility. It also presents a coordination challenge: making separate plots function as a continuous neighbourhood, rather than allowing individual building briefs to determine how the waterfront is experienced. These are implications of the proposed scope, not announced appointments. WAM
The scale suggests several kinds of design work, but ten plots do not yet mean ten commissions.
For architects tracking development partnerships elsewhere, Al Reem offers an early signal of possible work before a procurement structure is public. The details to watch are who controls the brief, how appointments are divided and whether specialist teams can participate alongside, or through, a lead multidisciplinary practice.
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