37-storey tower to be built in Abu Dhabi’s international financial centre
By Neil Gerrard04 April 2023
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.”