37-storey tower to be built in Abu Dhabi’s international financial centre

View of the skyscrapers on Al Reem and Al Maryah Island in Abu Dhabi at sunset View of the skyscrapers on Al Reem and Al Maryah Island in Abu Dhabi at sunset (Image: 2ragon via AdobeStock - stock.adobe.com)

Developers have announced plans to build a new 37-storey tower in Abu Dhabi’s international financial centre.

Aldar Properties and Mubadala Investment Company have signed heads of terms to develop commercial assets on Al Maryah Island, which is located within the international financial centre and freezone Abu Dhabi Global Market (ADGM).

Aldar will manage the new tower once it is completed at the end of 2026.

It will have a total net leasable area of 63,000 sq m and aims to be LEED Gold certified.

It will offer a mix of office, multi-tenanted and single-tenanted floors.

Jassem Saleh Busaibe, chief executive officer at Aldar Investment, said: “Through our ongoing management and successful leasing programme of the four ADGM office towers, we continue to see considerable demand for Grade A office space on Al Maryah Island.

“Through a phased approach, the joint venture will continue to increase the supply of prime office space on the island to ensure the ADGM freezone grows from strength to strength as a financial centre of global significance.”

STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA