UAE: Mubadala Development is set to launch sales of more than 140 serviced apartments at its Rosewood and Four Seasons hotels on Al Maryah Island.
The Abu Dhabi strategic investment company built a block of 73 apartments – including one-, two- and three-bedroom units – and three penthouses linked to the Rosewood in 2013 and is leasing many of them to tenants.
It is also developing a separate block of 69 apartments and duplexes, plus two penthouses linked to the Four Seasons, which is currently under construction. Mubadalat plans to sell off-plan to investors during the second half of the year. The hotel is due to open next year. Both hotels are in Abu Dhabi Global Market Square, previously known as Sowwah Square.
Ali Eid AlMheiri, executive director of Mubadala Real Estate & Infrastructure, said: “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.”
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