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Al Maryah Island to launch leasing and investment opportunities at Cityscape Abu Dhabi

Al Maryah Island to launch leasing and investment opportunities at Cityscape Abu Dhabi

April 2016

Opportunities for investment and leasing on Al Maryah Island, Abu Dhabi’s business and lifestyle destination, will be center stage for Mubadala at this year’s Cityscape Abu Dhabi.

Mubadala, which is helping drive the growth of Abu Dhabi’s retail, healthcare, finance and hospitality sectors through its development of Al Maryah Island, will also showcase new additions including the Four Seasons Hotel Abu Dhabi at Al Maryah Island (which launches in May) and outline the latest progress in the delivery of further infrastructure.

Ali Eid AlMheiri, Executive Director of Mubadala Real Estate and Infrastructure said: “On Al Maryah Island we have brought to life a visionary concept for a mixed-use neighbourhood which is integrated with the existing urban framework and also meets the demands of businesses and consumers alike.”

At Cityscape Abu Dhabi, Mubadala will present opportunities for commercial leasing as well as investment in nearby development plots that will integrate with the existing retail, hospitality and leisure amenities.

Leasing opportunities for businesses interested in joining this vibrant island community are available within Abu Dhabi Global Market Square, the commercial heart of Al Maryah Island. With four Grade A commercial buildings comprising of a total of 180,000 square meters of premium office space situated alongside the headquarters of the international financial center, Abu Dhabi Global Market, the Island’s amenities and offerings have made this one of the most sought-after business districts in Abu Dhabi.

In addition to leasing opportunities, Al Maryah Island is offering a selection of premium, ready for development, land plots located near to Abu Dhabi Global Market Square. GCC and UAE nationals are able to gain freehold rights to the plots, while non-UAE and GCC ownership can gain a right of leasehold for 99 years, renewable for an additional 99 years. As a master developer, Mubadala will ensure developers meet the guidelines and design controls of the concept master plan to ensure they are in keeping with the existing vibrant island community.

The evolution of Al Maryah Island continues to progress with the completion of the new Four Seasons Hotel Abu Dhabi at Al Maryah Island, which is on track to welcome its first guests in May 2016. It will be the capital’s first Four Seasons hotel and include 200 light-filled guest rooms, 38 suites, as well as residential properties for exclusive luxury living.

Construction has commenced on Al Maryah Central, a 3.1 million square foot mixed-use development that will include 2.3 million square foot of retail space, all set within a stunning architectural setting. The super-regional shopping destination, which is set to open in 2018, will include the first international Macy’s department store, Abu Dhabi’s first Bloomingdale’s as well as a comprehensive mix of leisure, dining and entertainment options. Further phases of the development, which includes integrated towers featuring a hotel, serviced apartments, and luxury residences are set for completion by 2019.

Two new bridges have also recently opened, which form a central part of Al Maryah Island’s sustainable transport network that will further increase its connectivity to the rest of the capital for residents and visitors.

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