Strong demand for bulk lease deals says Aldar
Abu Dhabi, August 19, 2014
Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has seen a strong demand for long-term, bulk lease deals from corporate clients.
The lease agreements signed with corporate clients range from two to 30 years and currently include 2,120 units, providing Aldar with long-term security of income, the company said.
Both local and international companies have signed bulk leases at Al Rayyana, The Gates Towers, The Arc, Sun and Sky Towers and Al Murjan Tower over the last year. These include key government entities from the education, defence and healthcare sectors. Most of the lease agreements comprise over 100 units, the largest reaching over 600 units. 60 per cent of the units at Al Rayyana and 45pc of the apartments at The Arc are currently leased through bulk deals, it said.
Corporates clients are looking for contemporary, attractive, well-located and safe developments for their employees, which include modern amenities for their families and good facilities management. Long-term, bulk leases allow companies to have clear visibility on their costs and streamline the HR process, especially for those with employees from abroad that are moving to the UAE.
Talal Al Dhiyebi, executive director of asset management at Aldar Properties, said: "Aldar dominates the corporate leasing market and specialises in providing companies with bulk leasing opportunities in Abu Dhabi. We offer innovative solutions to our clients and invest a lot in maintaining a dedicating team that understands the needs of local and international corporate clients.
“All of our bulk leases have been won against a competitive backdrop, demonstrating the strength of the product offering. Our modern developments boast state-of-the-art amenities and are ideally located across Abu Dhabi, making them extremely attractive to companies looking to house large numbers of employees. Our team is now looking at further strengthening its relationships through build-to-suit solutions that accommodate medium and long-term requirements,” he added. - TradeArabia News Service