The new One&Only Private Residences will bring an ultra-luxury residential offering to Al Maryah Island, and the project pulls together three names that each carry weight in the UAE market. Mubadala Investment Company, the Abu Dhabi sovereign investor, is the master developer and steward of the island. TARAF, the real estate arm of Yas Holding, leads the design side. Kerzner International, the group behind the One&Only hospitality brand, shapes the service and residential standards. The agreement was signed during LIVEX 2026.
Here is why that matters to you. Al Maryah Island already works as Abu Dhabi’s business heart, home to the Abu Dhabi Global Market and a busy stretch of retail and dining. What it has lacked, until now, is a steady pipeline of branded homes to match that activity. This partnership is one answer to that gap.
Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform at Mubadala, said:
“The continued evolution of Al Maryah Island is about bringing together the right partners and specialist expertise to create an increasingly diverse destination for Abu Dhabi. Our partnership with TARAF and Kerzner reflects Mubadala’s role as an active partner of choice and our approach to working with leading organizations that bring distinctive capabilities to the island.”
“One&Only is one of the world’s most recognized names in ultra-luxury hospitality, and its introduction to Al Maryah Island brings a new dimension to the island’s growing residential offering. Together, we are creating a distinctive residential experience that combines the connectivity and lifestyle of Al Maryah Island with the privacy, design and service for which One&Only is known.”
“This partnership is another step in the island’s next phase of growth as we continue to broaden its residential and lifestyle offering and strengthen Al Maryah Island as a premier destination to live, work, visit and invest.”
What the three partners each bring
Think of the deal as three jobs handed to three specialists. Mubadala owns the land and sets the long-term direction for how the island grows. TARAF handles how the building looks and feels, with a design-led approach to the architecture. One&Only, through Kerzner, runs the living experience, the part that turns an apartment into a serviced home. Each partner stays in its lane, and the result is meant to feel more considered than a single developer working alone.
That structure also tells you something about confidence in the location. Mubadala does not attach its name to a project lightly, and bringing in a hospitality brand of One&Only’s level signals a bet on demand for ultra-luxury living in this part of the city.
Low Ping, Group CEO of Yas Holding, said:
“Al Maryah Island has become one of Abu Dhabi’s most established destinations, and One&Only’s distinctive approach to hospitality will bring a new dimension to residential life on the island.”
“This partnership brings together Mubadala’s long-term vision for Al Maryah Island, TARAF’s strength in design and development, and Kerzner’s expertise in creating One&Only destinations, with a shared ambition to create an address of lasting significance.”
“That ambition shapes the planning of the residences. From one- to three-bedroom homes to expansive duplexes and a penthouse, each is designed to balance generous proportions and privacy with the practical needs of everyday life. One&Only’s residential standards guide the design of spaces for living, entertaining and service.”
A tower built around its views
The architecture responds to the setting rather than sitting on top of it. The building rises approximately 230 metres across 44 floors, positioned to open up views across the Arabian Gulf, the surrounding canals and the Abu Dhabi skyline. The materials stay restrained. Warm terracotta tones, champagne-coloured metals and glazing shift with the light through the day, so the tower reads differently in the morning than it does at dusk.
The direct link to The Galleria is the practical detail buyers will care about. It means residents can reach the island’s shops, restaurants and leisure spaces without stepping outside into the heat, a small thing that matters a lot in an Abu Dhabi summer.
The amenity level that doubles as a retreat
Most towers stack their shared spaces onto a single floor and call it a day. This one takes a different route. At the core of the development sits an elevated landscape, a level of gardens, terraces, wellness areas and social spaces lifted above the street. The partners describe it as an extension of the home, a place to step back from the pace of the island while staying connected to it.
For a buyer weighing One&Only Private Residences Abu Dhabi against other options, that garden level is part of the pitch. It frames the homes as a private escape rather than a unit in a busy district.
Juan Aguilar, President of Real Estate, Kerzner International, said:
“We are proud to partner with TARAF and Mubadala, two organizations that share our ambition to create exceptional destinations and a long-term commitment to Abu Dhabi. At Kerzner, we place great importance on the strength and quality of our development partnerships, and we see this relationship as an important part of our continued growth in the UAE. We look forward to working closely with TARAF and Mubadala and building on this relationship as we expand our residential portfolio in the region.”
Where it sits in Abu Dhabi’s branded property wave
The launch lands in the middle of a wider shift. Branded residences across the UAE have drawn rising interest, with buyers in Abu Dhabi increasingly choosing to own rather than rent. The capital has seen a run of high-profile launches tied to hospitality names, and much of that demand sits in waterfront zones. One&Only now joins that group on Al Maryah Island.
Off-plan luxury apartments remain a big part of the picture, letting buyers secure a home while construction runs and pay in stages. Details on pricing, floor plans and payment terms for this development have not been released, so anyone tracking it will want to watch for the official sales launch before drawing firm conclusions.
What happens next
The project forms part of Mubadala’s longer plan to broaden what Al Maryah Island offers residents and visitors. The new One&Only Private Residences add a residential layer to a district that has, so far, leaned toward business and retail. For now, the headline facts are the partnership, the design and the location. The numbers that buyers really want, cost and timing, are still to come.
If you follow Abu Dhabi property, this is a project worth a bookmark. It tells you where the capital’s luxury market is heading, and who is placing the bets.
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.
Mubadala’s US$385 billion (AED 1,414 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates.
For more information about Mubadala Investment Company, please visit: www.mubadala.com
About TARAF
TARAF is a boutique property developer based in the UAE and the real estate division of Yas Holding. With a growing portfolio across Abu Dhabi and Dubai, TARAF takes a design-led approach to development, with a focus on creating high-quality residences and communities shaped around liveability, lifestyle and a strong sense of place.
TARAF’s portfolio spans residential communities, waterfront developments and branded residences, including collaborations with internationally recognized hospitality and lifestyle brands.
About Kerzner International
Kerzner International Holdings Limited, through its subsidiaries, is a leading international developer and operator of destination resorts, ultra-luxury hotels and residences and innovative entertainment and hospitality experiences.
Kerzner’s flagship brand Atlantis includes Atlantis, The Palm and Atlantis The Royal Resort & Residences, both in Dubai, as well as Atlantis Sanya in China, along with new destinations announced in the Maldives and Saudi Arabia. Under the One&Only brand, Kerzner manages some of the most top-rated ultra-luxury resorts in the world, located in Greece, Montenegro, Mexico, Mauritius, the Maldives, South Africa, Dubai, Rwanda and the USA.
Kerzner’s disruptive hospitality brand, SIRO, was created to meet the needs of modern travellers who prioritize health and wellbeing. SIRO is currently open in Montenegro and Dubai, with new destinations set to launch in Miami, Riyadh, Los Cabos and Tokyo, expanding its global footprint and commitment to wellness-focused hospitality.
Rare Finds, a collection of resorts that celebrates the essence of a place and authentic, soulful experiences, includes Bab Al Shams and The Meydan Hotel, both in Dubai, and Shamwari Private Game Reserve in South Africa.
For more information on our brands, please visit: atlantis.com, oneandonlyresorts.com, sirohotels.com, rarefindsresorts.com. For more information on Kerzner International, please visit Kerzner.com.
For more information on Kerzner International and its brands, please visit Kerzner.com.
