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Mubadala to launch luxury residential units

DUBAI, April 19, 2015

Mubadala, an Abu Dhabi state-owned fund, is set to launch a new urban living experience in the heart of the UAE capital with residential sales at Rosewood Abu Dhabi and Four Seasons Hotel Abu Dhabi planned for the second half of 2015.

More than 140 apartments at Rosewood Abu Dhabi and Four Seasons Hotel Abu Dhabi, which is due to open in 2016, will be made available for sale, offering residents five-star luxury combined with walkability, convenience, and connectivity, in one of the GCC’s leading cities.

The spacious waterfront apartments feature the exclusive privileges and round-the-clock services of a five-star hotel.

Guests will enjoy access to a full spectrum of dining destinations, leisure facilities, a concierge service, 24-hour in-room dining and a climate-controlled passage to The Galleria on Al Maryah Island – Abu Dhabi’s premium shopping destination, said a statement from Mubadala.

The inspiration for the Rosewood Abu Dhabi tower, designed by Handel Architects, is derived from the glistening Arabian Gulf and the vast desert that surrounds Abu Dhabi city.

The Rosewood Abu Dhabi Residences offer a sophisticated and warm residential style of living, with 73 one-, two- and three-bedroom apartments, in addition to three penthouses for sale.

The elegant and spacious accommodation at the Four Seasons Hotel Abu Dhabi, due for completion in 2016, will feature 69 one-, two-, three- and four-bedroom apartments and duplexes, plus two penthouses.

Ali Eid AlMheiri, the executive director of Mubadala Real Estate & Infrastructure, said: "As Abu Dhabi’s international financial centre, Al Maryah Island continues to come alive as a thriving urban hub at the heart of the UAE’s capital. The impending launch of the residential sales signifies the next exciting phase in the development of this vibrant community that is modelled on the world’s most established international mixed-use developments."

"Al Maryah Island’s designation as a financial free zone means this rare opportunity to acquire residential units on the Island is open to UAE and GCC nationals and expatriates," remarked AlMheiri.

"Some of the residences in Rosewood Abu Dhabi are already occupied by tenants who enjoy living and working on the Island, which offers an attractive proposition to investors in a location that achieves premium residential rents in Abu Dhabi," he added.

Situated within the capital’s international financial centre - Abu Dhabi Global Market Square - residents can get into their stride and beat the traffic by walking to work.

Apart from quality of life for residents, it offers an attractive opportunity for investors who want to buy in a lively urban location. Abu Dhabi Global Market Square is already home to 50 global blue-chip companies and features four Grade A commercial towers alongside the headquarters of Abu Dhabi Global Market.

Other new headquarters buildings are also under way for Al Hilal Bank and National Bank of Abu Dhabi.
 
Al Maryah Island’s waterfront promenade is described as the perfect location to mingle with family and friends and has played host to some of Abu Dhabi’s exciting celebrations including a spectacular fireworks display on New Year’s Eve.

The addition of Caboodle at The Galleria on Al Maryah Island, an exciting indoor haven for children where the focus is providing ‘edutainment’, adds an element of family fun.

Further retail and leisure offerings are on the horizon. With the upcoming opening of Al Maryah Central, a 200,000-sq-m world-class shopping centre in 2018, Al Maryah Island will become a regional shopping and hospitality destination offering over 500 retail brands and a multitude of entertainment options.

The Island is also home to multi-specialty hospital, Cleveland Clinic Abu Dhabi, as well as first-rate amenities and infrastructure, connecting communities and creating a unique urban lifestyle in Abu Dhabi.-TradeArabia News Service  




Tags: Mubadala | Residential project |

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