The Mubadala Development Company (Mubadala) and Majid Al Futtaim (MAF) Group yesterday said they have signed a joint venture agreement to invest in a mixed-use development, which will include a shopping mall with quality retail outlets, including Carrefour, leisure concepts, hotels, and office space.
"This new mixed-used project will be developed as one of the key elements of the wider Arzanah project, the high-profile residential development taking shape at the Grand Mosque District of Abu Dhabi," a statement said.
Arzanah was recently launched by Capitala, the Abu Dhabi-based real estate developer and master planner, formed through a joint venture between Mubadala and the Singapore-based CapitaLand.
This 1.4 million square metre development features a pristine waterfront and a lively canal weaving throughout luxurious high-rise apartment towers and family villas, communal gardens, and extensive walking and cycling trails.
Arzanah will offer a blend of retail, leisure and sports, allowing residents and visitors to discover the perfect setting for work, recreation and relaxation.
John Thomas, executive director, Mubadala Real Estate and Hospitality said: "The signing of this joint venture agreement with Majid Al Futtaim Group will introduce a unique blend of innovative retail and hospitality concepts to the wider Abu Dhabi community that promote an active community lifestyle that is the hallmark of Arzanah."
"This new mixed-used project will be developed as one of the key elements of the wider Arzanah project, the high-profile residential development taking shape at the Grand Mosque District of Abu Dhabi," a statement said.
Arzanah was recently launched by Capitala, the Abu Dhabi-based real estate developer and master planner, formed through a joint venture between Mubadala and the Singapore-based CapitaLand.
This 1.4 million square metre development features a pristine waterfront and a lively canal weaving throughout luxurious high-rise apartment towers and family villas, communal gardens, and extensive walking and cycling trails.
Arzanah will offer a blend of retail, leisure and sports, allowing residents and visitors to discover the perfect setting for work, recreation and relaxation.
John Thomas, executive director, Mubadala Real Estate and Hospitality said: "The signing of this joint venture agreement with Majid Al Futtaim Group will introduce a unique blend of innovative retail and hospitality concepts to the wider Abu Dhabi community that promote an active community lifestyle that is the hallmark of Arzanah."
