{"id":52011,"date":"2017-04-16T22:47:11","date_gmt":"2017-04-16T15:47:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=52011"},"modified":"2017-04-16T21:08:58","modified_gmt":"2017-04-16T14:08:58","slug":"eshraq-and-mubadala-team-up-for-abu-dhabi-plot-developments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-and-mubadala-team-up-for-abu-dhabi-plot-developments\/","title":{"rendered":"Eshraq and Mubadala team up for Abu Dhabi plot developments"},"content":{"rendered":"


\nEshraq Properties and Mubadala Development Company are teaming up to develop plots on Abu Dhabi’s Reem and Al Maryah Islands.Eshraq said in a filing that the joint venture company would develop land plots in Abu Dhabi owned by Mubadala on Al Maryah Island and by Eshraq Properties on nearby Al Reem Island.The pair said that they would only disclose the locations of the plots once the joint venture company had been fully established.”As a strategic investment company and the master developer of Al Maryah Island, we are looking for experienced partners who can support our wider strategy and bring the right credentials to these projects,” said Ali Eid AlMheiri, executive director of Mubadala Real Estate and Infrastructure.Eshraq owns three main land assets including a sizeable chunk of Reem Island close to Al Maryah Island.The developer started selling 500 apartments in a planned residential and office towers project dubbed Marina Rise in 2007. But the company was hit hard by the global financial crisis and for the past decade Eshraq instead concentrated on operating a hotel in Dubai and selling some of its smaller land plots on Reem Island.However, last year the company received a new lease of life when Jassim Alseddiqi, the managing director and chief executive of the powerful Abu Dhabi-based alternative investments company Abu Dhabi Financial Group, was appointed Eshraq chairman. ADFG is also Eshraq’s second largest shareholder.Eshraq said that the appointment of Mr Alseddiqi had enabled it to “establish a strong financial footing and lay out a new growth strategy.”In January the company said it would press ahead with three major projects: Jumeirah Rise in Dubai; Marina Rise, on Reem Island; and a mixed-use project Gateway, between the Maqta and Sheikh Zayed bridges in Abu Dhabi.Mubadala, the Abu Dhabi strategic investment company, which is in the process of merging with International Petroleum Investment Company, owns Al Maryah Island and acts as the master developer of the island, which is also the location of a new financial freezone.However, local property agents say that over the past four years the company has been working to reduce its exposure to domestic real estate development.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Eshraq and Mubadala team up for Abu Dhabi plot developments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eshraq Properties and Mubadala Development Company are teaming up to develop plots on Abu Dhabi’s...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52011","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dwT","jetpack-related-posts":[{"id":52127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mubadala-eshraq-consider-abu-dhabi-development-jv\/","url_meta":{"origin":52011,"position":0},"title":"Mubadala, Eshraq consider Abu Dhabi development JV","date":"April 17, 2017","format":false,"excerpt":"\r Joint venture would develop plots in Abu Dhabi owned by Mubadala on Al Maryah Island and by Eshraq Properties on Al Reem Island\r \r Source : arabianbusiness.com\r Read more...Mubadala, Eshraq consider Abu Dhabi development JV","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54827,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eshraq-properties-reports-smaller-loss-for-quarter\/","url_meta":{"origin":52011,"position":1},"title":"Eshraq Properties reports smaller loss for quarter","date":"May 15, 2017","format":false,"excerpt":"\r Eshraq Properties on Monday said its first-quarter comprehensive loss narrowed year on year as revenue rose.The developer which last month teamed up with Mubadala Development Company to develop plots on Abu Dhabi's Reem and Al Maryah Islands, said first quarter total comprehensive loss was Dh955,000 against a loss of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mubadala-eshra-consider-abu-dhabi-development-jv\/","url_meta":{"origin":52011,"position":2},"title":"Mubadala, Eshra consider Abu Dhabi development JV","date":"April 17, 2017","format":false,"excerpt":"\r Joint venture would develop plots in Abu Dhabi owned by Mubadala on Al Maryah Island and by Eshraq Properties on Al Reem Island\r \r Source : arabianbusiness.com\r Read more...Mubadala, Eshra consider Abu Dhabi development JV","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-real-estate-mubadala-and-aldar-launch-16bn-expansion-of-al-maryah-island-to-double-adgm-office-space\/","url_meta":{"origin":52011,"position":3},"title":"Abu Dhabi real estate: Mubadala and Aldar launch $16bn expansion of Al Maryah Island to double ADGM office space","date":"December 10, 2025","format":false,"excerpt":"\r Mubadala and Aldar launch $16bn expansion of Al Maryah Island in Abu Dhabi, doubling ADGM office supply and adding attractions The post Abu Dhabi real estate: Mubadala and Aldar launch $16bn expansion of Al Maryah Island to double ADGM office space appeared first on Arabian Business: Latest News on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/Mubadala-breaks-ground-on-landmark-Al-Maryah-Island-Waterfront-transformation-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":157989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mubadala-begins-construction-of-abu-dhabi-al-maryah-waterfront-enhancement-project\/","url_meta":{"origin":52011,"position":4},"title":"Mubadala begins construction of Abu Dhabi Al Maryah Waterfront enhancement project","date":"July 21, 2025","format":false,"excerpt":"\r Abu Dhabi's Al Maryah Island will feature a 30-metre luminous sphere and AI-Powered water features\r \r Source : arabianbusiness.com\r Read more...Mubadala begins construction of Abu Dhabi Al Maryah Waterfront enhancement project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/07\/Mubadala-breaks-ground-on-landmark-Al-Maryah-Island-Waterfront-transformation-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mubadala-ramps-up-leasing-of-office-space-at-al-maryah\/","url_meta":{"origin":52011,"position":5},"title":"Mubadala ramps up leasing of office space at Al Maryah","date":"April 10, 2016","format":false,"excerpt":"\r \r Mubadala Real Estate is to restart a search for tenants at Abu Dhabi's largest new office development, two years after leasing activity was put on hold. The Abu Dhabi-based fund said on Sunday that it would be marketing the remaining vacant office space at its 180,000 square metres\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52011"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52011"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52011\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}