CBRE appointed as retail leasing advisor for Jubail Island development
The megaproject’s masterplan will offer F&B outlets in addition to a wide range of facilities including schools, a beach club and more
Jubail Island Investment Company (JIIC) has exclusively appointed CBRE to support with the leasing strategy and day-to-day leasing of the retail component within Phase 1 of the Jubail Island megaproject.
Developed by JIIC, the mega development is positioned as an idyllic collection of villages located between Yas Island and Saadiyat Island. It is expected to become Abu Dhabi’s leading sanctuary designed to appeal to wellness and nature enthusiasts, positioned amid the rich biodiversity of the mangroves.
“We are delighted to have appointed CBRE as our partner of choice for our retail leasing advisors. Jubail Island’s retail offering is essential in the development of the island, and we look forward to strengthening our partnership with CBRE and working together to create a lively retail district in the heart of the capital,” said Mahmoud Dandashly, Chief Business Officer at JIIC.
Spanning 500 hectares, the megaproject’s masterplan will offer wholesome F&B outlets and a wide range of facilities, including a beach club, a business centre, a sports centre, schools, supermarkets, nurseries, a community club, specialised clinics and other commercial establishments, with the first phase of the project scheduled for completion by the end of 2023, the statement noted.
Anthony Spary, Head of Office Investor Leasing & Retail at CBRE Middle East remarked, “CBRE is very proud to be the trusted partner of Jubail Island. Set to become the premium residential community within Abu Dhabi, Jubail Island will deliver something totally new to the capital city, providing an ecosystem never seen before in the Emirates. We are truly excited to work on the retail component to ensure that together with JIIC, we deliver something unique and special to what is already an extraordinary project.”
