JLL exclusively appointed for sale of Abu Dhabi office tower
ABU DHABI, June 16, 2021
JLL, a leading professional services firm that specialises in real estate and investment management, has been appointed on an exclusive basis to manage the sale of Al Maryah Office Tower, located in the heart of Abu Dhabi's new Central Business District (CBD).
As per the agreement, JLL is offering the development to a select group of pre-qualified investors, across nationalities, and is inviting bids from prospective investors until July 15.
Completed in 2015, the asset is strategically located in the heart of Al Maryah Island, which is home to the Abu Dhabi Global Market (ADGM), a purpose-built financial free-zone for the capital.
Al Maryah tower also benefits from being in close proximity to hospitality, healthcare and retail offerings, such as the Four Seasons Hotel and Cleveland Clinic.
Suraj Nambiar, the Director and Head of Capital Markets for UAE at JLL Mena, said: "The accessibility, high-specifications and flexible design of the building have all played a role in establishing its reputation as one of the most sought-after assets in the UAE."
The building is a part of the business, leisure and entertainment hub designed to meet the city’s commercial and residential needs, he stated.
"This contemporary office tower is a key element for the district. The quality of Al Maryah Tower’s design and operations has not gone unnoticed with the building winning a number of commercial and architectural awards," he added.
According to him, market sentiment in the commercial real estate space is gaining momentum with investors looking to deploy funds into core assets that can deliver long-term value.
"This has led buyers to consider projects with modern exteriors and sustainable strategies, and those that are well integrated into the city, which is exactly what Al Maryah Office Tower is offering," he added.-TradeArabia News Service
