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June 27, 2013

Construction starts on $1bn mixed-use project in Abu Dhabi

Mubadala Real Estate & Infrastructure (MREI) and Taiwanese property developer Farglory have broken ground on the first phase of $1bn mixed-use project on Abu Dhabi's Al Maryah Island.

By admin-demo

Maryah Plaza

Mubadala Real Estate & Infrastructure (MREI) and Taiwanese property developer Farglory have broken ground on the first phase of a $1bn mixed-use project on Abu Dhabi’s Al Maryah Island.

The project will feature Maryah Plaza, a four-tower waterfront complex, designed by UK-based architect Rogers Stirk Harbour + Partners.

The four towers are planned be developed in phases and, after completion in 2020, will have a combined floor space of 153,000m².

Maryah Plaza will feature around 500 residential units, ranging from one-bedroom apartments to penthouses, in the hub of Abu Dhabi’s new central business district (CBD).

The development will also feature landscaped parks and open spaces, art galleries, community centres, street cafes and restaurants.

MREI director Ali Eid AlMheiri said the project will act as further catalyst to the development of Al Maryah Island and the vision of Abu Dhabi’s CBD.

Planned to be built in accordance with Estidama Pearl 1 rating, the project will be connected by climate controlled pedestrian passageways to Sowwah Central, a retail destination which is expected to complete in 2016 and Cleveland Clinic Abu Dhabi.

Farglory chairman Teng-Hsiung Chao said Maryah Plaza will raise the bar for residential developments by combining better design, resort-style amenities and community spaces to offer a new living experience.

MREI said Maryah Plaza has been designed to complement the waterfront view and the natural environment of Abu Dhabi.

Image: Maryah Plaza will feature around 500 residences from one-bedroom apartments to penthouses. Photo: Courtesy of Mubadala Real Estate & Infrastructure.

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