Abu Dhabi Global Market (ADGM) has completed its jurisdictional expansion to include Al Reem Island, effectively integrating more than 1,100 businesses into its regulatory framework. This move, initiated in April 2023, extends ADGM’s reach beyond Al Maryah Island, creating a combined financial district spanning approximately 14.38 million square metres.
The expansion addresses the growing demand for office space within ADGM, as Al Maryah Island has reached near-full occupancy at 99%. By incorporating Al Reem Island, ADGM has added about 500,000 square metres of new office space, accommodating the influx of businesses seeking to establish a presence in the financial centre. Since the announcement, over 600 new businesses have set up operations on Al Reem Island, and more than 500 existing companies have transitioned to an ADGM licence, totalling over 1,100 entities now under ADGM’s jurisdiction.
ADGM implemented a transitional period ending on December 31, 2024, to facilitate a seamless transition, allowing businesses time to comply with the new regulatory requirements. During this period, ADGM collaborated with over 30 mainland regulators and government entities, including the Central Bank of the UAE, the Federal Authority for Identity, Citizenship, Customs, and Port Security, and the Abu Dhabi Department of Economic Development. These partnerships ensured that migrating entities retained necessary registrations and could continue operations without disruption.
In support of the business community, ADGM introduced a revised fee structure effective January 1, 2025, reducing fees for obtaining and renewing commercial licences for non-financial and retail businesses by 50% or more. This initiative aims to enhance the attractiveness of ADGM’s ecosystem, making it more accessible to a diverse range of enterprises.
The integration also involved the transfer of the real estate register from the Abu Dhabi Municipality to the ADGM Registration Authority on January 1 2025. This transfer ensures that all real estate interests, including corresponding mortgages, are now governed by ADGM’s Real Property Regulations 2024. Stakeholders have been granted a six-month window to report any discrepancies, ensuring the accuracy and integrity of property records.
This expansion reinforces Abu Dhabi’s position as a global business hub and aligns with ADGM’s long-term strategic growth initiatives, providing a robust platform for sustainable economic development.
