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Key facts about Sowwah Island and Sowwah Square

Key Facts About Sowwah Island and Sowwah Square:
Sowwah Island Size: 114 hectares of mixed use development consisting of:

  • Residential 48%
  • Office 30%
  • Hotel 10%
  • Healthcare 8%
  • Retail 4%
  • Working population of 75,000
  • Residential population of 30,000 Key Infrastructure
  • 13 bridges : 4 already completed
  • Multi-tier road network that removes heavy traffic from surface streets, substantially complete
  • 5.4 km pedestrian-friendly boardwalk
  • Mass Transit system featuring metro and Light Rail Transit (LRT)
  • Network of integrated, climate-controlled pedestrian passageways that link the island's major developments Sowwah Island Current Projects
  • Sowwah Square
  • Rosewood Abu Dhabi
  • Four Seasons Hotel Abu Dhabi at Sowwah Island
  • Cleveland Clinic Abu Dhabi
  • Plot sales to National Bank of Abu Dhabi and Al Hilal Bank each will build commercial office space
  • Plot sales to Farglory Group of Taiwan (4 plots) to be developed into Island’s first residential and mixed use section of the second phase Sowwah Square Sowwah Square, the flagship commercial development in the center of the island, is part of this first phase. It comprises four international Grade 'A' office towers, providing a total of approximately 2 million sqft of column-free premium commercial space. These 30-36 storey towers encircle the new headquarters of the Abu Dhabi Securities Exchange (ADX). Sowwah Square will also feature extensive retail, F&B and dedicated, off-street parking for 5,200 cars.

 

Project Status

  • All four commercial towers have reached their final heights
  • Tower 1 and Tower 3 complete and Building Completion Certificate (BCC) issued for both as well as their adjacent car park.
  • Architectural finish on Tower 2 and Tower 4.
  • Abu Dhabi Securities Exchange (ADX) Headquarters - Façade installation has commenced and is in advanced stages.
  • Retail podium - structurally complete
  • ADX due for completion in 2011
  • Retail podium and F&B due for completion in late 2012 Rosewood Abu Dhabi Rosewood Hotels & Resorts will be the operator of Rosewood Abu Dhabi, a business-focused five-star hotel located on the waterfront at Sowwah Square, offering premium accommodation, signature fine dining and all-day restaurants, fully equipped business facilities and services to meet the needs of hotel guests and neighboring offices. The hotel will have direct private access to Cleveland Clinic Abu Dhabi.

 

Key Facts

  • Guest Rooms: 189
  • Serviced Residences: 131
  • Penthouses: 6
  • Completion date: 2012

 

Project Status: Construction has reached 20 storeys Four Seasons Hotel Abu Dhabi at Sowwah Island Four Seasons Hotels and Resorts will be the operator of a new luxury business hotel on Sowwah Island. It will be the first UAE hotel for the Four Seasons brand, which is internationally renowned for their premium hotels and resorts located in the world's leading business destinations and tourist locations. Four Seasons Hotel Abu Dhabi at Sowwah Island will feature 190 rooms and 125 residences.

Key Facts

  • Guest Rooms: 190
  • Serviced Residences: 125
  • Completion date: 2013
  • Project Status: Foundation works completed Abu Dhabi Background Abu Dhabi is the capital of the United Arab Emirates (UAE), a thriving metropolis at the core of the country's political, cultural and commercial life.

 

One of the world's wealthiest oil-rich cities (per capita worth USD 17 million) Abu Dhabi is now diversifying its economy away from its reliance on the oil sector and into cultural, recreational and business offerings. A key element in this restructuring process is a commitment to the visionary Capital 2030 Urban Structure Framework Plan. This builds on the city's strong economy, growing population and key location at the center of the Middle East. Abu Dhabi's sustained and ambitious development and infrastructure program ensures that as its population climbs from 1.4 to potentially 3 million, the Emirate remains a lively, modern place in which to live and work. Abu Dhabi's status as a dynamic, contemporary city is acknowledged by the increasing numbers of global organizations making it their Middle Eastern destination of choice.

More than 50 international embassies are based in the city, along with global luxury and business hotels: the Four Seasons Hotel Abu Dhabi at Sowwah Island and Rosewood Abu Dhabi are coming on stream in the next two years. Sporting fixtures on the world calendar include the Abu Dhabi Grand Prix, the F1 Powerboat World Championships, FIFA Club World Cup, the Abu Dhabi Tennis World Championship and the Abu Dhabi Golf Championship Company Background

 

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About Mubadala Development Company Mubadala Development Company (Mubadala) is a catalyst for the economic diversification of Abu Dhabi. Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the management of partnerships and long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi, and contribute to the growth and diversification of its economy. Mubadala brings together and manages a multi-billion dollar portfolio of local, regional, and international investments and partners with leading global organisations to operate businesses across a wide range of industry sectors including aerospace, energy, healthcare, industry, information communications and technology, infrastructure, real estate and hospitality. For more information about Mubadala please visit www.mubadala.ae.

About Mubadala Real Estate & Hospitality Mubadala Real Estate and Hospitality (MREH) is a business unit of Mubadala focused on domestic and international projects in the real estate and hospitality sectors. A critical component of Mubadala’s broader mission, MREH is responsible for overseeing projects that are part of the development plans of Abu Dhabi and that help drive the local tourism sector. With a mandate to drive Abu Dhabi’s long-term development and deliver key projects within Capital 2030: Urban Structure Framework Plan, MREH develops strategic, large scale commercial, residential and leisure districts to the best standards of quality, functionality and sustainability. Key Abu Dhabi projects include the development of Sowwah Island, Sowwah Square, Arzanah and Mina Zayed Waterfront. Within the hospitality sector, MREH is helping to drive the tourism sector by developing world-class hospitality projects in Abu Dhabi, attracting leading hotel operators to the Emirate. MREH also owns 50% of luxury hotel operator Viceroy Hotel Group and has been actively driving its expansion into key gateway cities and leading destinations around the world.

Company Background – Gulf Related Gulf Related is a regional real estate development venture primarily focused on residential and high-end mixed-use real estate destination developments in the MENA region. The venture represents a joint-venture partnership between Gulf Capital, one of the Middle East’s leading alternative asset management firms, and Related Companies, one of the largest private real estate development and investment firms in the United States. Related Companies and its principals pioneered the concept of mixed-use urban development beginning in the 1970s with its principals developing such destinations as Water Tower Place and 730 North Michigan in Chicago, Illinois, Copley Place in Boston, Massachusetts and Reston Town Center in Reston, Virginia, and Related developing such iconic developments as Time Warner Center in New York City and CityPlace in West Palm Beach, Florida.

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