JLL Exclusively Appointed to Sell Al Maryah Office Tower in Abu Dhabi
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.
Dubai, UAE, 17 June 2021 – JLL, a leading professional services firm that specializes in real estate and investment management, has been appointed on an exclusive basis to invite interest from prospective investors to acquire 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 until 15th of June.
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.
“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 situated on Al Maryah Island, a business, leisure, and entertainment hub designed to meet the city’s commercial and residential needs. 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 various commercial and architectural awards,” said Suraj Nambiar, Director and Head of Capital Markets for the UAE at JLL MENA.
According to JLL, 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 exterior and sustainable strategies, and those that are well integrated into the city – exactly what Al Maryah Office Tower is offering,” added Nambiar.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About JLL MEA
Across the Middle East and Africa (MEA) JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 1000 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca and Johannesburg. For further information, visit www.jll-mena.com.