Properties for Sale in Masdar City

Masdar City is a flagship project of Abu Dhabi and is the first planned sustainable city in the world. It aims to be a commercially viable development with the lowest environmental impact. The master plan of the mixed-use community includes residential areas, parks, neighbourhood amenities, plazas and employment-generating land uses. The area is already home to the International Renewable Energy Agency (IRENA), among many other global companies.

Masdar City is built by Masdar, a subsidiary of the Mubadala Development Company, while the majority of seed capital (AED 55B (USD 15B)) comes from the Government of Abu Dhabi. The construction of Masdar City started in 2008 with the projected completion by 2030. In 2021, it was named the most sustainable city in the world by Cityscape Intelligence as the urban development focuses on making the environment greener and cleaner with the following features:

1. Compared to ASHRAE standards, the buildings in Masdar City consume 40% less water and energy.
2. Almost 1.5 gigawatts of clean energy are under development or in operation.
3. The walls of the buildings are designed with the help of cushions of air to limit heat-radiation which helps reduce the demand for AC by 55% and also establishes a naturally cooler environment (nearly 10°C less than in the rest of the emirate).
4. A total number of 87,777 solar panels power the entire Masdar City.
5. Motion sensors installed in all real estate units allow users to minimize the consumption of electricity and water by almost 50%.

Primarily, Masdar City was planned to be a car-free, zero-carbon and sustainable city. However, due to certain challenges during the initial construction, it has been decided to make it just low-carbon. The main goal of the upcoming project is to promote sustainable living through the real-world solutions in mobility, reduction of waste as well as energy and water efficiency.

The walkable environment of Masdar City provides an array of cleantech transit options. These include:

• Personal Transit Transport with a driverless mode of movement.
• The NAVYA Autonom Shuttle has a capacity of transporting up to 12 people at one time.
• Circ e-scooters.

Masdar City is built with the capacity to accommodate over 50,000 residents. Homebuyers and tenants are able to choose from a range of apartments, duplexes and townhouses with various layouts and sizes.

Since Masdar City was launched in 2008, it has managed to become a model for sustainable living and a hub for the development of world-class innovative projects. Companies based in Masdar City benefit from its exclusive ecosystem of R&D, technology, education, corporates and tech start-ups.

Due to the fact that Masdar City is an economic free zone, it already houses over 900 businesses from multinationals and SMEs to locally-based start-ups. Apart from IRENA, other businesses residing in Masdar City are the UAE Space Agency, Honeywell, Siemens and Tabreed. There is also a leading HealthTech company based in Masdar City; G42 Healthcare which is known for launching one of the world’s biggest COVID-19 testing and diagnostics laboratories. In addition to this, G42 Healthcare has established the Omics Center of Excellence; the biggest and most advanced Omics facility in terms of computational capacity, automation and technology coverage. Masdar City offers business 100% of the following:

• 100% foreign ownership.
• 100% exemption for corporate and personal taxes.
• 0% import tariffs.

Furthermore, there is One-Stop Shop providing a number of support services to residents of the upcoming sustainable development:

• Visa services
• Dependents sponsorship
• Emirates ID card processing
• PO box set up
• Registration, licensing and leasing
• Facilities and property management
• Conference and meeting room amenities.

Investors in Masdar City have an opportunity to follow the lead of the previously mentioned-companies and create similar dedicated buildings as well as bespoke offices of their own. The office spaces and services are to be found in the new Accelerator Building and the existing Incubator Building designed to meet the highest standards of sustainability. An office space of 1,303 sq. ft. in Masdar City can be rented for AED 255,000 (USD 70,000) per annum

Off-Plan Property

Currently, there are 2 residential projects under construction in Masdar City – The Gate and Al Mahra Residence.

To bolster a sustainable lifestyle, Masdar City features a range of world-class recreational facilities for the local community and its residents. Residents will benefit from pedestrian-friendly paths which are perfect for active living and walking, among other world-class communal amenities.