“Masdar” signs a strategic agreement with “Emirates NBD” – the economic – the UAE economy


Abu Dhabi Future Energy Company (Masdar) announced the signing of a partnership agreement with Emirates NBD Asset Management to provide investment management services for the “Masdar” green real estate investment fund, the first of its kind in the UAE.

The partnership aims to mutually benefit from the extensive expertise of Masdar Capital Management, a recently established financial fund management company approved by the Financial Services Regulatory Authority, and Emirates NBD Asset Management in Sustainable Real Estate and Fund Management.

Masdar had announced the launch of a sustainable real estate investment fund, the first green real estate investment fund in the UAE, during the Abu Dhabi Sustainability Week in January 2020. The fund was listed on the Abu Dhabi Global Market as a qualified investment fund, providing investors with a valuable opportunity to invest in A unique portfolio of sustainable income generating real estate assets. Masdar confirmed that the fund had obtained the approval of the Abu Dhabi Global Market Financial Services Regulatory Authority to start its operations.

The “Masdar” green real estate investment fund currently includes 4 commercial properties within Masdar City, one of the world’s most sustainable cities and the Technology and Innovation Center in Abu Dhabi. The water and electricity consumption of all these properties is approximately 40% lower than other buildings in Abu Dhabi. All of these properties have a rating of 3 pearls or higher according to the Estidama Pearl Rating System in Abu Dhabi, and one of these buildings has received the LEED Platinum Certificate.

Specific criteria

“The Masdar Fund for Green Real Estate Investment is the first of its kind in the region, and it also reflects Masdar’s commitment to strengthening its leadership in sustainable real estate development,” said Abdullah Balalaa, Acting Executive Director of the Sustainable Real Estate Development Department at Masdar.

He added: “We are currently witnessing a growing investor interest in responsible investment opportunities, as well as the trend to evaluate companies based on specific criteria related to environmental, social and governance practices. In turn, the Masdar Green Real Estate Investment Fund gives investors this option by allowing them to invest in sustainable and income-generating real estate with a primary focus on Masdar City. The fund also represents a means for real estate developers to participate as a third party and work to liquidate their assets, which contributes to attracting sustainable real estate developers to Masdar City as well as stimulating local and international investors interested in the sustainability sector. ”

An investment product

Steve Koren, Senior Executive Director at Emirates NBD Asset Management, expressed his happiness with this cooperation that brings together two of the most powerful brands in the UAE to support the Masdar Green Real Estate Investment Fund, which represents a new and distinctive investment product within the sustainable real estate investment market in the UAE.

He said: “The initial portfolio was established taking into consideration environmental, social and governance standards, with the aim of providing investors with the highest levels of sustainability evaluation, in addition to achieving attractive rental returns in line with their expectations. Emirates NBD Asset Management guarantees to investors, with its long experience in managing real estate assets in the UAE, that the Masdar Green Real Estate Investment Fund is managed with high professionalism and in accordance with the finest international practices followed.

Institutional financing

The Masdar Green Real Estate Investment Fund will contribute to attracting more sustainable real estate assets to the market, by providing institutional financing to support future expansion plans in Masdar City and the development of new sustainable real estate that they entail. The Masdar Green Real Estate Investment Fund represents an important step in the implementation of the Abu Dhabi Declaration for Sustainable Finance, which was signed by 25 government agencies and pioneering institutions in 2019, including Masdar and Abu Dhabi Global Market, which aims to establish a vibrant and sustainable financial sector to support the UAE’s efforts to contribute to Achieving the United Nations’ sustainable development goals.

Innovative solutions

“ADGM strives diligently to provide all sorts of support for the sustainable financing agenda in the region, and we are happy to contribute to the success of the first green real estate investment fund in the UAE,” said Emmanuel Jivanakis, Executive Vice President of the Financial Services Regulatory Authority at Abu Dhabi Global Market. By working closely with two leading energy and finance companies, Masdar and Emirates NBD, we seek to promote the sustainable finance sector and encourage greater investment in sustainable resources. The Financial Services Regulatory Authority of the Abu Dhabi Global Market is committed to providing its clients with the appropriate environment and the necessary regulatory support to reach innovative investment solutions in the UAE.



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