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A picture released by the official news agency WAM shows Sheikh Ahmed bin Zayed al-Nahayan. (AFP/WAM)
A team of Moroccan and French divers found the body, the investigator said, asking not to be named.
Sheikh Ahmed was a younger brother of Emirati President Sheikh Khalifa bin Zayed al-Nahayan, who is also the ruler of Abu Dhabi, although he was not in the immediate line of succession for the throne of the oil-rich emirate.
Sheikh Ahmed's body was later repatriated on an official UAE plane, accompanied by two members of the royal family, and was due to arrive at Abu Dhabi at 2230 GMT, a Moroccan official said.
His funeral was set to take place in Abu Dhabi on Wednesday, the Emirati state news agency WAM reported.
Sheikh Ahmed was described by Forbes as the "elusive" director of the world's largest sovereign wealth fund. He was known for avoiding the limelight and rarely gave media interviews.
He has a home in the area where the ultralight crashed near the Moroccan capital Rabat, frequented by members of the family.
The pilot of the ultralight, a Spanish national, survived Friday's crash into the artificial lake created by the Sidi Mohamed Ben Abdellah dam and was taken to hospital, where he was in stable condition.
Dozens of divers from various countries, including Morocco, France, Spain, the UAE and the United States took part in the rescue effort.
A Moroccan source close to the probe said at the weekend that the search had been complicated by recent heavy rain that had left water levels high and swamped surrounding areas.
Through the ADIA, sheikh Ahmed was in charge of managing a large chunk of the wealth of the emirate of Abu Dhabi, which sits on some 95 percent of the oil wealth of the United Arab Emirates -- a total of 97.8 billion barrels of oil, or the fifth in the world.
Forbes ranked Sheikh Ahmed, born in 1969, as the 27th most powerful personality in the world last year.
The definitive size of ADIA's assets remains a question for debate as it has never been declared.
Some estimates put the figure at near a trillion dollars before the global financial crisis, while more recent estimates put the figure at way below that.
The Sovereign Wealth Fund Institute puts the wealth of ADIA at 627 billion dollars.
ADIA made headlines when it acquired a 4.9 percent stake, worth 7.5 billion dollars at the time, in Citigroup bank in 2007.
But last December, Citigroup reportedly said ADIA wanted to pull out of the investment, or seek a compensation of four billion dollars, after the value of Citi shares had plummeted.
Sheikh Ahmed is one of many brothers sitting on the board of ADIA, which is chaired by his brother Sheikh Khalifa.
Morocco's King Mohammed VI sent a message of condolences to Sheikh Khalifa following the discovery of his brother's body.
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Sheikh Ahmed was a younger brother of Emirati President Sheikh Khalifa bin Zayed al-Nahayan, who is also the ruler of Abu Dhabi, although he was not in the immediate line of succession for the throne of the oil-rich emirate.
Sheikh Ahmed's body was later repatriated on an official UAE plane, accompanied by two members of the royal family, and was due to arrive at Abu Dhabi at 2230 GMT, a Moroccan official said.
His funeral was set to take place in Abu Dhabi on Wednesday, the Emirati state news agency WAM reported.
Sheikh Ahmed was described by Forbes as the "elusive" director of the world's largest sovereign wealth fund. He was known for avoiding the limelight and rarely gave media interviews.
He has a home in the area where the ultralight crashed near the Moroccan capital Rabat, frequented by members of the family.
The pilot of the ultralight, a Spanish national, survived Friday's crash into the artificial lake created by the Sidi Mohamed Ben Abdellah dam and was taken to hospital, where he was in stable condition.
Dozens of divers from various countries, including Morocco, France, Spain, the UAE and the United States took part in the rescue effort.
A Moroccan source close to the probe said at the weekend that the search had been complicated by recent heavy rain that had left water levels high and swamped surrounding areas.
Through the ADIA, sheikh Ahmed was in charge of managing a large chunk of the wealth of the emirate of Abu Dhabi, which sits on some 95 percent of the oil wealth of the United Arab Emirates -- a total of 97.8 billion barrels of oil, or the fifth in the world.
Forbes ranked Sheikh Ahmed, born in 1969, as the 27th most powerful personality in the world last year.
The definitive size of ADIA's assets remains a question for debate as it has never been declared.
Some estimates put the figure at near a trillion dollars before the global financial crisis, while more recent estimates put the figure at way below that.
The Sovereign Wealth Fund Institute puts the wealth of ADIA at 627 billion dollars.
ADIA made headlines when it acquired a 4.9 percent stake, worth 7.5 billion dollars at the time, in Citigroup bank in 2007.
But last December, Citigroup reportedly said ADIA wanted to pull out of the investment, or seek a compensation of four billion dollars, after the value of Citi shares had plummeted.
Sheikh Ahmed is one of many brothers sitting on the board of ADIA, which is chaired by his brother Sheikh Khalifa.
Morocco's King Mohammed VI sent a message of condolences to Sheikh Khalifa following the discovery of his brother's body.
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