Al via l’ “Al Maryah Central Development “ ad Abu Dhabi : resi, shopping, hotel e leisure per 1,5 miliardi di dollari

Al Maryah Central Development, the $1.5 billion mixed-use development by Gulf Related, has been granted Detailed Project Approval from the Abu Dhabi Urban Planning Council (UPC) for the Phase 1 retail component of the development.

Phase 1 of Al Maryah Central, the 3.1 million square foot mixed-use development will deliver a 2.3 million square foot shopping center in Q1 2018 which comprises of 400 stores, 90 food and beverage outlets, a 20-screen cinema, a medical center, a crèche, health-club, a public library, food market and will be fully connected to existing and future transport links. The development will also deliver three rooftop parks atop the mall. Further phases will deliver two 400,000 square foot integrated towers set for completion by 2019; one with a hotel and serviced apartments and the other with luxury residences.

 

Gulf Related is a regional real estate development tcompany focused on retail, residential and high-end mixed-use real estate developments in the Middle East. Gulf Related represents a joint-venture between Gulf Capital,one of theMiddle East’s leading alternative asset management firms, and Related Companies, one of the largest private real estate development and investment firms in the United States. The Gulf Related team leverages its core competencies from Related in real estate planning, development and management; while Gulf Capital brings strong regional relationships, access to deal flow, and fund raising capabilities. Gulf Related is focused on pursuing marquee large-scale mixed-use real estate development opportunities in the UAEand Saudi Arabia. In addition to developing The Galleria on Al MaryahIsland and Al Maryah Central, Gulf Related is developing a 550 unit expatriate residential compound in Riyadh, KSA. Gulf Related is identifying additional multi-phase, master-planned, mixed-use development opportunities in urban centers as well as large-scale community developments. Related brings to Gulf Related the expertise that has created some of the most internationally recognizable and celebrated retail driven mixed-use developments in the United States such as the Time Warner Center in New York and CityPlace in West Palm Beach, as well as the currently under development Hudson Yards in Manhattan, at over 17 million square foot, the largest private development in the USA.

 

Source : Company

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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