The Tourism Development and Investment Company (TDIC), the 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 is offering 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, said a statement from TDIC.
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 the leasing opportunity, TDIC chief executive Sufian Hasan Al Marzooqi 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 noted.
Mamsha Al Saadiyat, which is currently under development, 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. It will be delivered by the second-half of 2018.
Earlier this year, TDIC celebrated 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, remarked Al Marzooqi.
"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," he added.