Al Maabar reveals all developments are on schedule
Abu Dhabi based Al Maabar, one of the emirates leading international real estate development companies, today presented a solid progress report of its four landmark property developments.
Established in 2007, Al Maabar has quickly secured a strong footing in a number of key markets and has ongoing investments in Levant, North Africa, Qatar. The publication of today’s update reveals the sheer size and scope of the developments that are being undertaken by the ambitious company, including the recently announced $10 billion dollar Marsa Zayed development in Aqaba, Jordan.
Al Maabar is a partnership between Abu Dhabi’s six leading real estate and investment powerhouses – Mubadala Development Company PJSC, Aldar Properties PJSC,Sorouh Real Estate PJSC, Al Qudra Holdings PSC,Reem Investments PSC and Reem International LLC. These partners give Al Maabar a unique opportunity to tap into their expertise and experience, which then enables Al Maabar to provide its partner countries with access to some of the best resources available in the industry.
Commenting on the success and rapid growth of the company, Al Maabar’s Managing Director, Mr. Yousef Al Nowais, said: “In just two years, we have quickly established ourselves as an influential force in international real estate. Cityscape Abu Dhabi provides us with the ideal platform to showcase the significant progress we are now making in our projects.
Al Maabar creates iconic developments that are designed not only to make a profit, but to also add real value to countries we invest in, through job creation, talent development, knowledge transfer and economic stimulus.
The current global economic climate has meant that real estate developers have to adopt a more sustainable and responsible business approach. This is something we have practiced since our inception. It is through our responsible fiscal planning and our approach to always deliver the needs of the communities we invest in, which has ensured that we continue to grow organically for the long-term.,” concluded Mr Nowais.
All of Al Maabar’s projects are mixed-use developments and master plan communities, with developments currently under way in the GCC, Levant and North Africa and several more under consideration or at advanced planning stages.
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