Knight Frank is now leasing the Abu Dhabi Marina retail development in Al Bateen, Abu Dhabi. The development comprises a 200 key hotel, which is being operated by a new hotelier to the Middle East, and has an additional 57 executive serviced apartments. The development also consists of over 200 residential apartments for lease.
The retail units are well specified with high ceilings and MEP to meet occupier requirements and are handed over in shell and core condition.
Al Bateen is a new and upcoming residential and lifestyle destination with marina and Arabian Gulf views and only a short drive from the heart of the capital. The retail units provide unique marina views with outdoor seating and are connected to a new lifestyle hotel operator in Abu Dhabi.
Abu Dhabi Marina comprises:
For further information or to arrange an inspection, please contact: email@example.com or call on +971 2 6353 297
Abu Dhabi’s economy seems to have turned a corner, as positive economic growth returns to the capital. But despite this, demand in the occupier market remains subdued.
Results for the year ended 31 March 2019
• Group turnover down 2% to £517.4m (2018: £525.9m)
• Group profit before tax down 11% to £148.4m (2018: £166.7m)
• Strong balance sheet with net assets at £260.8m (2018: £262.9m)
The global economic backdrop continues to be dominated by economies which are experiencing prolonged economic growth amid a low-interest-rate environment. The current US economic cycle, at more than nine years, is currently double the average length of the previous 33 economic cycles. This trend is not limited to the US; the UK is also nine years into its recovery and Australia is more than 27 years into its cycle.