To develop the first Mandarin Oriental branded homes on Saadiyat Island, Abu Dhabi's Aldar has partnered with Mandarin Oriental. It is the prestigious owner and operator of some of the popular luxurious hotels, resorts, and houses in the world.
Designed for sale later in 2024, the Mandarin Oriental Residences will include around 228 opulent houses with attractive floor plans and the well-known service that has made Mandarin Oriental a giant in the hotel sector.
Situated in the Saadiyat Cultural District, this special development provides views of the remarkable falcon wings of the Zayed National Museum. It is good for walking from the Louvre Abu Dhabi, the coming Natural History Museum Abu Dhabi, and the Guggenheim Abu Dhabi. Along with access to an extra 60,000 square meters of retail, entertainment, and leisure choices at the nearby Saadiyat Grove, residents will also have access to 3,500 square meters of elegant dining along the Zayed National Museum location. This area offers easy access to the rich things of the surrounding museums, improved by breathtaking fountain views.
Emphasising the huge demand from both local and international purchasers for lavish developments in Abu Dhabi. The group chief executive officer, Aldar, noted that this relationship enhances the luxury living experience inside the Saadiyat Cultural District. He underlined Aldar's capacity to draw world-class luxury companies that value service quality and improve people' whole way of life.
Group chief executive of Mandarin Oriental expressed excitement about the joint partnership with Aldar on this historic project in Abu Dhabi, noting that it introduces the Mandarin Oriental way of life to locals for the first time. In order to establish a new style for luxury living in Abu Dhabi, he underlined the dedication to provide better experiences in a place where rich people want to make their home.
Beautiful and sophisticated Saadiyat Island provides world-class dining, luxury resorts, and immaculate beaches mixed together. For those looking for adventure as well as leisure, this location offers a memorable experience known for its cultural attractions and amazing natural surroundings.
This cooperation coincides with an increasing demand for branded homes in Abu Dhabi. A penthouse housed in one of Aldar's branded residential properties on Saadiyat Island sold for AED137 million earlier this year which is a record price.
Recently starting building on One Maryah Place, a grade A commercial complex with two buildings on Al Maryah Island, Abu Dhabi's main business and leisure centre, Aldar Properties and Mubadala Investment Company is a big investor from Abu Dhabi.
Located inside the Abu Dhabi Global Market (ADGM), this project will improve the commercial area of the freezone as demand from international companies and financial institutions keeps increasing. One Maryah Place would then add to Aldar's portfolio of income-making real estate assets worth AED27 billion.
The combined project would hugely help ADGM's popularity as the top financial centre in the area by offering about 98,000 square meters of grade-A office space across two linked buildings. Together with five types of underground parking providing around 2,200 spots, the towers will be connected by an indoor corridor and feature ground-floor retail units, a flagship rooftop eating facility, and a mosque.
Designed with indoor connectivity to Al Maryah Tower, The Galleria Al Maryah Island, and ADGM Square, One Maryah Place will make sure good access to central Al Maryah Island. Direct links to Al Reem Island, Saadiyat Island, and Abu Dhabi City will also be enjoyed by future occupants.
Long-standing cooperation between Mubadala and Aldar centres on helping Abu Dhabi to flourish. The partners bought Al Maryah Tower after Aldar bought four grade-A office towers at ADGM in 2022. With a fantastic 97 percent occupancy rate across its commercial portfolio and highlighting top professional commitment to promote sustainable economic development in the UAE, this strategic partnership uses Aldar's vast market knowledge.
Abu Dhabi's commercial property sector is clearly doing well given the much demand and high occupancy rates for commercial space. Furthermore supporting this demand are UAE rules that are helpful for businesses and a stable regulatory environment.
Abu Dhabi is going to see some modern properties that will attract rich people from around the world. With partnerships between big companies it is expected that the experience of the residents will be extra luxurious and comfortable. Some brokers are also saying that if people put their money in these types of properties then they can get good rental yields or ROI. There may be around 228 luxury homes opening late 2024 in locations like Abu Dhabi.
