TDIC Offers Leasing Opportunities for F&B and Retail Establishments at Mamsha Al Saadiyat

Press release
Published October 1st, 2017 - 06:36 GMT
Mamsha Al Saadiyat.
Mamsha Al Saadiyat.

The Tourism Development and Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, has announced its first retail offering in Saadiyat Cultural District as an opportunity for business investors to lease food and beverage (F&B) and retail space at Mamsha Al Saadiyat, Saadiyat Island’s modern beachfront-living  project.

TDIC will offer more than 11,000 sq.m. of leasable space along the ground floor of the promenade, where units will have a panoramic view of the translucent sea along with ample outdoor seating space and unobstructed access to the beach. The approximate available shop size ranges from 50 sq.m. to 350 sq.m, majority of which are beachfront units with indoor and outdoor spaces, as well as direct access to the beach. Situated along 1.4 km of pristine beach, the quintessential location of Mamsha Al Saadiyat’s coastal promenade is perfectly positioned to become a modern, vibrant, cosmopolitan and inspirational address among Abu Dhabi’s lifestyle communities. The amalgamation of its unique architecture, surrounding open environments, easy connectivity and stunning first-class facilities together form an ideal integrated destination for residents and visitors alike.

Commenting on this leasing opportunity, Sufian Hasan Al Marzooqi, Chief Executive Officer of TDIC said, “We are very excited to introduce this business prospect to F&B and retail establishment owners. This project is unique to the region and marks a significant milestone for Saadiyat Island. We are looking forward to our new partnerships with business investors who share our commitment to continued growth and development in the region.”

He continued, “Mamsha Al Saadiyat is an exciting residential destination that connects the liveliness of opulent hotels, world-cuisine restaurants, boutique retail establishments and luxurious facilities with the tranquility of iconic museums, white sand beaches and natural surroundings, all within walking distance from one another.”

Mamsha Al Saadiyat, which is currently under development to be delivered by the second-half of 2018, will be a first-of-its-kind beachfront residential and retail destination. Situated in Saadiyat Cultural District and walking distance from the Louvre Abu Dhabi, Mamsha Al Saadiyat will offer its residents unparalleled views of azure beaches, which will be integrated to state-of-the-art facilities and F&B and retail establishments.

Earlier in the year, TDIC announced the achievement of a project milestone with Mamsha Al Saadiyat’s development, successfully completing the concrete groundwork and structure for all buildings throughout the project. Out of the total 461 units being developed , 414 are apartments or lofts offering one to four bedrooms including 9 duplex penthouses which come equipped with five bedrooms, a private swimming pool and terrace. The remaining 47 are townhouses.

Mamsha Al Saadiyat is destined to become the ideal destination within Abu Dhabi for entertainment, lifestyle and dining establishments..

Background Information

Tourism Development & Investment Company

The Tourism Development & Investment Company (TDIC) is the master developer of major tourism cultural and residential destinations in Abu Dhabi. TDIC was created to be the dedicated tourism asset management and development arm of the Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi), in order to drive the investment, growth and development of the Emirate's tourism sector. Since 2006, we have been actively involved in many of the Emirate's most prestigious and high profile projects.

Today, much of our success can be attributed to our ability to respond to the needs of the modern global economy, while dealing with the complex mechanisms of finance and economics and recognising that design and investment are fundamentally connected. Through investment partnerships and joint ventures, TDIC has played an important role in Abu Dhabi's continual evolution as a world-class destination for tourists, businesses and residents alike.

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