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Aldar secures long term bulk lease deals

aldar|By TAP Staff| Aldar Properties has reported a strong wave of demand for long-term, bulk lease deals from corporate clients. The lease agreements signed with corporate clients range from two to 30 years, providing Aldar with long-term security of income.

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. Sixty percent of the units at Al Rayyana and 45% of the apartments at The Arc are currently leased through bulk deals.

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 claimed that Aldar dominates the corporate leasing market and specialises in providing companies with bulk leasing opportunities in Abu Dhabi.

Corporate tenants with long-term contracts provide visibility in recurring revenues for Aldar. The diversity of sectors that the corporates customer base represents also adds an additional element of security for the business.

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