Private equity firm Gaw Capital Partners announced its acquisition of a 71-unit residential building for US$150 million ($195.5 million).
The acquired property is located on Saadiyat Island, about 10km northeast of Abu Dhabi. Slated for completion in 2028, the residential block will house one- to three-bedroom apartments and two- to three-bedroom townhouses with private terraces.
It is one of seven residential buildings that make up the 493-unit Mamsha Garden, a low-density residential project developed by Aldar Properties.
“We are thrilled to announce Gaw Capital Partners’ first deal in Abu Dhabi with the acquisition of a residential building at Mamsha Gardens,” says Christina Gaw, managing principal and global head of capital markets at Gaw Capital. “This landmark investment reflects our positive view on the dynamic Middle East market, its potential for growth and innovation, and our trust in Aldar as a leading UAE developer.
“This transaction underscores the strength of Aldar’s development platform and the growing appeal of Abu Dhabi’s increasingly mature real estate market to global investors,” adds Talal Al Dhiyebi, group CEO at Aldar. “In the first quarter of 2025, 87% of Aldar’s UAE sales came from international buyers.”
Aldar Properties is one of the leading developers within the United Arab Emirates. It has been specialising in luxury residential projects for over 20 years.
