Abu Dhabi-Based Investment Firm Says Miami ‘Most Attractive,’ Looking At Development Opportunity

Abu Dhabi Financial Group, a multi-billion dollar developer and investment firm, is studying a potential residential development project in Miami.

Jassim Alseddiqi, the CEO of the firm, told Bloomberg that he was looking at projects in London, Miami, Los Angeles and New York, but Miami was ‘most attractive’ of the cities that the company is studying.

Miami ‘has a lot of room to grow and it’s coming up as a lifestyle city,’ he said.

The company made headlines last year when it beat out 10 other bidders to buy New Scotland Yard in London for 370 million pounds. It also recently paid 310 million pounds for a development site overlooking Buckingham Palace.

In Dubai, the company is partnering with the Seminole Tribe of Florida to bring a Hard Rock hotel to Marina 101, a 1,417-foot tower set to open later this year. The high-rise will be the tallest residential tower in the world.