Aldar Properties, in partnership with Mubadala Investment Company, has officially broken ground on One Maryah Place, a premier two-tower commercial development located on Al Maryah Island, Abu Dhabi’s foremost business and lifestyle hub.
Strategic Location in Abu Dhabi Global Market (ADGM)
Situated within the Abu Dhabi Global Market (ADGM), this project is set to expand the region’s high-quality commercial space as demand surges from global corporations and financial institutions.
Once completed, One Maryah Place will become part of Aldar’s impressive portfolio, which includes AED 27 billion in income-generating real estate assets.
Enhancing ADGM’s Regional Standing
One Maryah Place will ensure easy access to the central area of Al Maryah Island and indoor connectivity to key locations like Al Maryah Tower, The Galleria Al Maryah Island, and ADGM Square. Future tenants will also enjoy direct links to Abu Dhabi City, Al Reem Island, and Saadiyat Island.
Commitment to Abu Dhabi’s Growth
Aldar and Mubadala have a strong history of partnership focused on Abu Dhabi’s growth. Following Aldar’s acquisition of four grade-A office towers at ADGM in 2022, the partnership also included the acquisition of Al Maryah Tower.
This collaboration highlights Aldar’s extensive market knowledge, demonstrated by a remarkable 97 percent occupancy rate across its commercial portfolio, while also underscoring Mubadala’s dedication to sustainable economic development in the UAE.
A Thriving Commercial Property Market
The strong demand for commercial space in Abu Dhabi reflects the city’s robust property market performance. A stable regulatory framework and investor-friendly policies further support this demand, positioning Abu Dhabi as a top destination for businesses.
For more updates on Abu Dhabi’s commercial real estate landscape, stay tuned on Re/max Smart Concept page.
