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Aldar gets strong wave of demand from corporate clients

Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, announced that it has witnessed 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 and currently include 2,120 units, providing Aldar with long-term security of income, Khaleej Times reported. 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% of the units at Al Rayyana and 45% of the apartments at The Arc are currently leased through bulk deals.