Aabar Properties LLC was established in 2010 and operates under the umbrella of Aabar Investments PJS, which was previously owned by the International Petroleum Investment Company (IPIC), a government-established entity from Abu Dhabi. The company specializes in construction and investment management within the real estate sector and is known for its high-quality developments. In 2016, due to corporate restructuring, Aabar Properties was acquired by Mubadala Investment Company.
While the company is currently expanding into markets such as Dubai, Morocco, and Jordan, its primary focus remains on Abu Dhabi. Aabar Properties is actively involved in contributing to “Abu Dhabi’s Vision 2030” through strategic real estate developments. The company is headquartered in Abu Dhabi and employs 30 people, all of whom bring prior experience in various areas of the property sector.
Overview
Aabar Properties is a real estate development and investment firm based in Abu Dhabi. Since its establishment in 2010, it has contributed to the emirate's urban growth, especially in line with Vision 2030. The firm operates under Aabar Investments PJS, which became a part of Mubadala Investment Company in 2016.
Team of Company
CEO
Mohamed al-Mehairi was appointed as the CEO of Aabar Investments on August 24. He previously served as Director of Investments at the International Petroleum Investment Company (IPIC), which owns a majority stake in Aabar Investments. Al-Mehairi also holds board positions at several major companies, including Arabtec, Nova Chemicals, Borealis, and Cosmo.
Projects of Company
Lamar Residence
Lamar Residence is Aabar Properties’ first waterfront living development located in the Al Seef Precinct on Al Raha Beach. The project includes a total of 440 properties, offering one to four-bedroom apartments, two to four-bedroom townhouses, and five retail outlets.
The Kite
The Kite is a 29-floor residential development situated on Al Reem Island. It features 126 two- and three-bedroom apartments, along with exclusive four-bedroom units and luxury penthouses.
Operating Model
Aabar Properties follows a dual-focus operating model combining real estate development with investment management. It emphasizes high-quality construction and design, with a strategic goal of contributing to urban development in Abu Dhabi. The company aligns its projects with Abu Dhabi’s Vision 2030, focusing on sustainability, livability, and economic diversification.
Conclusion
Aabar Properties LLC is a key player in Abu Dhabi’s real estate landscape. Backed by Mubadala Investment Company and operating under Aabar Investments, it has established a reputation for premium developments. With experienced personnel and a focused vision, Aabar continues to drive forward real estate projects that align with long-term national strategies such as Vision 2030.
