Mubadala Investment Company, TARAF and Kerzner International Holdings have unveiled plans for a new 230-metre One&Only Private Residences tower on Abu Dhabi’s Al Maryah Island, connected to The Galleria mall.
The project adds another ultra-luxury address to Abu Dhabi’s property market, a sector that has drawn growing interest from wealthy buyers across the GCC and beyond. For investors watching the capital’s real estate sector, the tie-up between a sovereign-linked developer, a local real estate firm and a global luxury hospitality brand signals continued confidence in high-end residential demand on the island, even as the partners have yet to reveal pricing or a launch date.
Key facts
- The tower will stand approximately 230 metres tall on Al Maryah Island, Abu Dhabi.
- It is a partnership between Mubadala Investment Company, TARAF (the real estate arm of Yas Holding) and Kerzner International Holdings.
- The announcement was made during LIVEX 2026.
- Homes will range from one- to three-bedroom residences to larger duplexes and a penthouse.
- The design is built to maximise views of the Arabian Gulf, surrounding canals and the Abu Dhabi skyline.
- No prices, unit count, sales launch date or completion date have been disclosed.
Who is behind the Al Maryah Island One&Only project
The development brings together three names familiar to Abu Dhabi’s property and investment scene. Mubadala Investment Company, the emirate’s sovereign wealth fund, is backing the project alongside TARAF, the real estate division of Yas Holding. Kerzner International Holdings, the hospitality group behind the One&Only brand, is attaching its name to the residences.
The project forms part of the ongoing build-out of Al Maryah Island, which already hosts The Galleria, one of Abu Dhabi’s largest retail and lifestyle destinations. Connecting the new tower directly to the mall ties the residences into an existing hub of shopping, dining and business activity rather than placing them on a standalone plot. For readers tracking emirates news on major capital projects, this is the latest addition to Al Maryah Island’s residential offering, which has steadily expanded over recent years.
What buyers can expect from the residences
The tower will offer a mix of unit sizes, from one-bedroom apartments up to three-bedroom homes, plus larger duplexes and a penthouse at the top. The design team has focused on sightlines, orienting the building to capture views of the Arabian Gulf, the canals that wind through the island, and the wider Abu Dhabi skyline.
What the partners have not said matters just as much as what they have confirmed. There is no word yet on how many residences the tower will contain, what they will cost, when sales will open, or when construction is expected to finish. That leaves prospective buyers and investors with a clear picture of the concept but no firm numbers to act on just yet, according to Arabian Business.
Attention now turns to whether Mubadala, TARAF and Kerzner release pricing and a sales timeline, and how the tower’s unit count and completion schedule compare with other luxury branded residences already on Al Maryah Island and across Abu Dhabi.
