Gaw Capital Partners has entered the United Arab Emirates with the acquisition of a US$150m (€135m) residential complex.
The Hong Kong-based real estate firm has acquired Aldar’s seven low-rise Mamsha Gardens buildings project located on Saadiyat Island.
Christina Gaw, managing principal, global head of capital markets and co-chair of alternative investments at Gaw Capital Partners, said the acquisition of Mamsha Gardens demonstrated the firm’s “positive view” on the dynamic Middle East market, its potential for growth and innovation.
Humbert Pang, managing principal, head of China, and co-chair of alternative investments at Gaw Capital Partners, said: “The increase in expatriate demand, ongoing government initiatives attracting foreign investments and overall economic diversification effort in the UAE.”
Pang said the introduction of new residency permits had positively impacted the property market sentiment. “We are excited about our first partnership with Aldar and look forward to forging more collaboration in the future.”
Talal Al Dhiyebi, group chief executive officer at Aldar, said: “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 – in the first quarter of 2025, 87% of Aldar’s UAE sales came from international buyers.
“The entry of Gaw Capital Partners, a leading Asia-based investor – making its first investment in the UAE – reflects Abu Dhabi’s economic growth expectations and its status as a go-to investment destination, where value continues to be driven by robust economic fundamentals, attractive demographics and high-quality assets.”
To read the latest IPE Real Assets magazine click here.
