A new USD 272 million retail, residential and hotel development launched on Abu Dhabi’s Al Maryah Island is expected to be completed by 2017.
Named the Sowwah Central, this project will feature a 214,000 square meter shopping centre, along with hotel and residential towers on Al Maryah Island, Abu Dhabi. The development will be linked to 51,000 square meter shopping and dining project The Galleria at Sowwah Square. The project is being developed by UAE-based developer, Gulf Related.
The Galleria will be open for public in August 2013 and house global luxury brands such as Louis Vuitton, Cartier, Prada, Gucci and Bulgari. Besides these brands, 48 more fashion brands have signed up for display at the shopping mall. The Sowwah Central will also have 25 food and beverage outlets, including an Armani Caffé and other licensed waterfront restaurants and cafes. It would be anchored by two international department stores, featuring over 500 retail, leisure, dining and entertainment options.
Development of Sowwah Central and The Galleria is part of Mubadala Real Estate & Infrastructure’s (MREI) master plan to construct over 1.5 million square meter on the island. The plan includes construction of four commercial towers, Abu Dhabi Securities Exchange (ADX), Rosewood Hotel and Four Seasons Hotel, the Cleveland Clinic Abu Dhabi and 15,000 parking spaces at the location.
Abu Dhabi has allocated an estimated USD 90 billion for large scale infrastructure and housing projects in the coming years. The role of globally reputed real estate developers is key to ensure growth of property market in the UAE. Gulf Related, a partnership between asset management firm Gulf Capital and Related Companies, is one of the largest private real estate developer in the US. The company has vast experience in working on several high profile American projects, including the Time Warner Center in New York, CityPlace in West Palm Beach and Manhattan’s Hudson Yards.