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FINANCIAL NEWS
Abu Dhabi- 10 land plots sold on Al Maryah Island
17 Apr 2013
(MENAFN) Mubadala Real Estate and Infrastructure stated that it sold 10 land plots at Al Maryah Island, which is designed to become the new commercial and central business hub for Abu Dhabi, reported Gulf News.
The plots were sold to Farglory Group from Taiwan, in addition to two commercial banks in the UAE.
The island, which is expected to provide accommodation to over 10,000 people, will represent a retail destination with a residential and hotel development.
The company noted that the first phase of the island, which was previously knows as Sowwah Island, was developed to meet the future commercial and business needs of Abu Dhabi.
It added that occupancy rate at Al Sila, the first tower of Sowwah Square, is at 92 percent, while occupancy at Al Maqam, stands at 82 percent.
It is worth noting that over 67 percent of the island’s tenants are foreigners, 21 percent are from the region and 12 percent are UAE nationals.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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