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Global property advisor CBRE has been exclusively appointed by Jubail Island Investment Company (JIIC) to support the leasing strategy and day-to-day leasing of the retail component of Jubail Island Phase 1, a new mega-project in Abu Dhabi.
The Jubail Island development, developed by JIIC, will be an idyllic collection of villages located between Yas Island and Saadiyat Island and will be Abu Dhabi’s main sanctuary designed to appeal to health and nature-lovers , located in the rich biodiversity of mangroves.
The 500-hectare master plan will provide healthy dining options and a variety of facilities including beach clubs, business centres, sports centres, schools, supermarkets, nurseries, community clubs, specialist clinics and other commercial establishments, the first of the project’s The phase is scheduled to be completed by the end of 2023.
JIIC Chief Commercial Officer Mahmoud Dandashly expressed his delight in the appointment of CBRE as the preferred partner for the Group’s Retail Leasing Consultants.
He added: “Jubail’s retail offerings are critical to the island’s development and we look forward to strengthening our partnership with CBRE to create a vibrant retail precinct in the heart of the capital.”
Anthony Spary, Head of Investor Leasing and Retail, CBRE Middle East Office, said: “We are proud to be a trusted partner in Jubail Island. Jubail Island will be Abu Dhabi’s premier residential community and will provide the capital, An ecosystem that has never been seen before in the emirate.”
He added: “We are very excited to be working on the retail component with JIIC to ensure we deliver something unique and special to what is already an extraordinary project.”
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