One&Only Private Residences on Al Maryah Island, Abu Dhabi: a 44-storey tower by Mubadala and TARAF

One&Only Private Residences is coming to Al Maryah Island in Abu Dhabi as a 44-storey tower of about 230 metres. Sovereign investor Mubadala, developer TARAF and Kerzner International, owner of the One&Only brand, announced it on 1 October 2026. Prices and a completion date have not been published.

What do we know about One&Only Private Residences on Al Maryah Island?

It is a tower of one-, two- and three-bedroom homes, large duplexes and a single penthouse. The agreement was signed at LIVEX 2026. The number of residences, prices and delivery date were not disclosed.

• Height: about 230 metres over 44 floors.
• Formats: one- to three-bedroom homes, duplexes, a penthouse.
• Views: the Gulf, the canals and the Abu Dhabi skyline.
• The building connects directly to The Galleria mall.

The facade uses warm terracotta tones with champagne-coloured metal. Instead of a conventional amenity floor, the design has an elevated garden level with terraces, wellness areas and social spaces.

Who is developing it, and who does what?

There are three roles. Mubadala is master developer and steward of Al Maryah Island. TARAF, the real estate arm of Yas Holding, leads the development. Kerzner International brings the One&Only brand and its service standard.

This is not TARAF's first address on the island. It is also building W Residences, which we covered in our piece on the capital's first W-branded homes. The developer now has two branded buildings there at different price levels.

Why are branded homes arriving on Al Maryah Island?

Because the island is the capital's financial centre. ADGM is based here, and housing demand comes from its employees and fund partners. The island is known for offices, hotels and The Galleria; homes are its newest layer.

That layer is growing quickly. Aldar and Mubadala have announced a build-out of the island's north worth more than AED 60bn, covered in our analysis of the Al Maryah expansion. One&Only takes the top price tier in that line-up.

There is a rental argument as well. Al Maryah and neighbouring Al Reem fall under ADGM jurisdiction and follow their own tenancy rules. We explained why that matters to owners in our article on the Abu Dhabi rent freeze.

What is still missing before a buyer can judge it?

Three things: a price list, a payment plan and a handover date. Without them this is an announcement, not an offer. A comparison with neighbouring buildings only becomes possible once a price per square foot is out.

The second unknown is the service charge. Hotel-branded residences carry noticeably higher charges than standard buildings, and for an investor that comes straight off the yield. Ask for the figure before reserving, not after.

The third is the unit count. A small collection holds its resale value better than a large one. So far the parties speak of a "collection of residences" without a number.

Who is this building for?

A buyer who wants an address in Abu Dhabi's business district with hotel service, not the highest possible yield. A direct link to The Galleria and water views work for living and for corporate lets.

An investor focused on income should wait for prices and compare them with completed buildings on Al Reem and Saadiyat. A brand adds a premium, and its size decides whether the deal still has a margin.

Frequently asked questions

Where is One&Only Private Residences in Abu Dhabi?

On Al Maryah Island, the capital's financial centre, within ADGM jurisdiction. The tower connects directly to The Galleria mall.

How tall is the One&Only tower on Al Maryah Island?

About 230 metres across 44 floors. The building is planned with one- to three-bedroom homes, duplexes and one penthouse.

Who is the developer of One&Only Private Residences?

Mubadala, as master developer of the island, together with TARAF, part of Yas Holding. The brand and service come from Kerzner International, which owns One&Only.

Have prices and a handover date been announced?

No. As of 1 October 2026 the parties had not released prices, a payment plan or a construction completion date.

For how the capital's market is organised and how its districts differ, see our page on Abu Dhabi property.