Aldar Properties reports 90% of units leased at Burj Mohammed Bin Rashid

ABU DHABI,17th February 2015 (WAM) – Aldar Properties PJSC , Abu Dhabi’s leading listed property company, today announces the successful leasing of 90% of the residential units in the Burj Mohammed Bin Rashid since its launch in November 2014. Named after the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the tower has fast become the most sought after residential location in the heart of the city.

Standing at 382 metres, the Burj Mohammed Bin Rashid is the tallest tower in Abu Dhabi and is now home to 426 families and a total of 852 residents, reflecting a strong market response. Currently, remaining units include three to four bedroom family apartments and luxurious penthouse suites which have all been designed as the ultimate in luxury living. With high demands for premium, quality spaces, Burj Mohammed Bin Rashid highlights Aldar ‘s commitment to creating a portfolio of exceptional residential properties.

Talal Al Dhiyebi, Chief Development Officer at Aldar said: “We are extremely pleased by the market’s response to the launch of Burj Mohammed Bin Rashid, demonstrating that customers in Abu Dhabi are demanding premium quality living spaces with enviable views and world-class amenities. Tenants are finding the unique access to the rest of the WTCAD mixed-used development particularly appealing, boasting a 360 degree retail, commercial and hospitality offering. Burj Mohammed Bin Rashid is testament to Aldar ‘s commitment to building flourishing communities and enhancing the lives of those who live in, work in and visit Abu Dhabi.” Residents have a direct access to WTC Mall, the modern shopping destination which caters to a diverse range of fashion and food-centric customers. Since launching in 2013, the mall has served and represented the residents of Abu Dhabi with a host of events and shopping experiences that reflect an unprecedented lifestyle, not only within the downtown community, but Abu Dhabi as a whole. Recently, new additions have enhanced an already vibrant dining portfolio, with the opening of Esfahan restaurant, the Mexican restaurant El Chico and Oriental eatery Zaitoun Akhdar, offering alfresco outdoor dining under Khalifa Bridge.

Linked to WTC Offices, the tower also has an easy passage to the recently launched Courtyard by Marriott Hotel which will serve as the preferred destination for business visitors and tourists looking for a new place to stay in Abu Dhabi’s downtown area. Facilities at the 195-key hotel property include complimentary Wi-Fi across three meeting rooms. Additionally, guests can make the most of several inviting food and beverage outlets, a fitness centre as well as an outdoor, rooftop swimming pool.

Comprising 474 units over 92 floors, the Burj Mohammed Bin Rashid’s well-appointed living spaces have been designed with the highest quality finishes and appliances and unparalleled views of Abu Dhabi. Serving as a welcome destination for residents and visitors, the tower marks a definitive moment of Aldar ‘s success in creating trusted, world-class all-encompassing communities.