Aldar leases 90% of units in MBR tower

Abu Dhabi: Nearly 90 per cent of residential units in Abu Dhabi’s tallest tower, the Burj Mohammad Bin Rashid, have been leased since its launch in November 2014, Aldar Properties, the tower’s developer, announced.

The tower had already leased out 50 per cent of its units one week after its launch. Currently, the remaining units include three- to four-bedroom apartments and penthouse suites.

Talal Al Dhiyebi, Aldar’s chief development officer, said the positive market response reflected the demand for premium residential space in a good location and with amenities.

Standing at 382 metres, the tower has 474 units spread over 92 floors. It currently houses 852 residents.

“Tenants are finding the unique access to the rest of the [World Trade Centre] mixed-used development particularly appealing, boasting a 360 degree retail, commercial and hospitality offering,” he said.

The tower has direct access to the World Trade Centre (WTC) Mall, the Souq and WTC offices. The tower, formerly known as the WTC, was renamed and inaugurated on November 3.

Source: Staff Report, gulfnews.comGN


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