Arcapita acquisition of phase one of Saadiyat Island development

Overview:

• Arcapita has acquired the first section of the Saadiyat Island real estate development from Mubadala Development.
• The target, which constitutes the first phase of the development, consists of three residential buildings containing 285 apartments.
• Saadiyat is a 27 square km island development that includes five-star hotels and resorts, a beach club, golf course and leisure and retail development.
• Financing for the deal was provided on a shariah-compliant basis by Abu Dhabi Commercial Bank.

Sam Duke - Editor