Abu Dhabi’s Aldar Properties has announced a record occupancy of 97 percent across its Grade A commercial properties in the capital. These include Aldar’s buildings at the Abu Dhabi Global Market (ADGM), HQ and International Tower.
In the first half of this year, the office sector in Abu Dhabi saw growth returning to levels in 2016.
Jassem Saleh Busaibe (below), Chief Executive Officer at Aldar Investment, said: “Abu Dhabi’s commercial property market continues to perform strongly, bucking the global trend. The occupancy rates within Aldar’s commercial portfolio reflect the confidence of investors in the strong macro fundamentals and stable regulatory environment of the emirate.
“With a favourable business environment, the city continues to be an attractive destination for leading global corporates to establish their regional presence and we are seeing this result in strong demand for future developments.”
The rise in demand is attributed to the positive economic landscape in the country.
Recently Aldar partnered with Mubadala to acquire Al Maryah Tower on Al Maryah island, expected to see an occupancy rate of 50 percent by the end of this year before becoming operational in the first quarter of 2024.
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