Aldar launches new apartments for rent
Abu Dhabi, May 31, 2014
Aldar Properties, Abu Dhabi's leading listed property development company, is launching apartments for rent at The Arc, Gate Towers on Al Reem Island, following the successful sales and leasing of the three towers and its penthouse collection.
The first phase of leasing at The Arc at Gate Towers will begin this week with studios, one and two bedrooms available. This will help satisfy the growing demand for high-quality residential property for rent in Abu Dhabi, said the company in its statement.
According to a report released recently by leading global real estate company Colliers, demand for apartments in Abu Dhabi continues to grow on the back of an increasing population, with shortages expected in the future as demand outstrips supply.
Mohammed Al Mubarak, the deputy CEO said: “We are bringing more high-quality, lifestyle residences to market at a time when residential demand is exceeding supply. The Arc at Gate Towers will provide tenants with modern accommodation in a popular district of Abu Dhabi, with a range of entertainment and leisure facilities on their doorstep.”
The Arc at Gate Towers is located in the landmark district of Shams Abu Dhabi on Al Reem Island. The annual rent for units will start from Dh62,000 ($16,876). A four-week rent-free promotion is also available to all new tenants in 2014.
The residents at The Arc at Gate Towers will benefit from a range of facilities including sky court gardens and terraces, swimming pools and a lazy river, tennis, squash and multi-purpose courts, a gymnasium, children’s play areas, saunas and jacuzzis. Secure underground parking and 24 hour security complete this high quality development, the statement added.
The Arc at Gate Towers also has easy access to Boutik Sun & Sky, which hosts Waitrose supermarket along with several other food and beverage and convenient outlets, and a pharmacy.-TradeArabia News Service