Aldar Sells Mamsha Gardens Building in Abu Dhabi to Hong Kong’s GAW Capital for AED586 Million

Saturday, 17 May 2025

In a landmark AED586 million deal, Aldar Properties has sold a residential building at Mamsha Gardens to Hong Kong-based GAW Capital Partners, marking the firm’s first investment in the UAE. The transaction highlights the rising demand from Asian investors and Abu Dhabi’s growing appeal as a global real estate hub.

Highlights:

• Aldar Properties sells a residential building at Mamsha Gardens to Hong Kong-based GAW Capital Partners for AED586 million ($160 million).
• The deal marks GAW Capital’s first investment in the UAE.
• The building is part of the Mamsha Gardens development within Saadiyat Cultural District, comprising 71 apartments and townhouses with a sellable area of 16,000+ sqm.
• Due to strong demand, Aldar is releasing the seventh building at Mamsha Gardens for sale.
• Chinese and Hong Kong buyers contributed AED1.5 billion in 2024 to Aldar’s UAE sales, a 30x increase from 2022.
• In Q1 2025 alone, Aldar recorded AED1.3 billion in sales, with 87% from international buyers.
• The development is close to Louvre Abu Dhabi, Mamsha Al Saadiyat, and Saadiyat Grove, offering easy access to retail, hospitality, and cultural amenities.
• Sales of units from the newly released building begin on May 14 for all nationalities.
• Interested buyers can visit Aldar’s Sales Centres in Abu Dhabi or Dubai, or contact Aldar directly via phone or email.
• The transaction adds to Abu Dhabi’s rising status as a mature, global real estate destination, following Aldar’s $1.4 billion deal with Apollo Global in 2022.