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Investors looking into opening a business in the capital city of the UAE can rejoice in the knowledge that there are several new commercial tower projects that are almost ready to roll.
The Abu Dhabi Global Market (ADGM) on Al Maryah Island is the newest international financial centre in the UAE and the first financial free zone in the capital. Some salient features of the development are fitted office space, shell and core business space as well as business centres with retail and hotel establishments. Current tenants range from banks, law and financial firms, and real estate companies. However, a huge space is left vacant pending the ruling on what other types of companies/activities will be allowed to operate from the free zone.
Reem Island is another business destination with several commercial options to choose from, the latest of which is the Addax Port Office Tower, which was handed over recently. A 100% commercial tower, it boasts contemporary ergometric design structure and 16 parking bays on each floor. The Sky Tower combines commercial and residential units throughout its 74 stories of floor space. Also worth a mention is the Infinity Tower within the Marina Square project which offers office space in different sizes.
Meanwhile, one of the projects in the pipeline is the 25-storey mixed-use Bloom Central Project located on Airport Road. It will feature two towers, one a five-star hotel and the other a mix of offices and residences.
However, the Corniche area remains a popular business location. Its long stretch is lined with several high-rises offering office space that provides beautiful views of the Abu Dhabi skyline and the water. Among the prestigious buildings in the area are Etihad Towers and Nation Towers.
• The Abu Dhabi Global Market is the capital’s financial free zone
• Reem Island has several buildings that offer commercial space
• Corniche remains a popular business destination in Abu Dhabi
Source: Urmila Santosh, Special to Properties
The writer is a freelancer