Abu Dhabi's Motor World already 75% occupied
Capital car centre is proving popular ahead of its opening this year
Abu Dhabi property developer Aldar says that Phase 1 of its Motor World development, a custom designed “destination for new and used car showrooms and servicing facilities”, boasts a 75% occupancy rate ahead of its opening later this year.
The new development is built close to the Abu Dhabi international airport and is designed as a one-stop-shop for car buyers. Delivery of the first phase of Motor World, which comprises 100 showrooms, is on target to begin in April, with over 75% of the 100 showrooms now leased.
Motor World has entered agreements with a number of the leading UAE car dealerships including Al Futtaim Automotive who will soon begin construction of their 48,000m2 flagship showroom offering Toyota, Lexus, Honda, Chrysler, Jeep, Dodge and Volvo models.
Aldar is also in negotiation with other leading dealerships in the UAE and a MoU has been signed with the Emirates Driving Company to open a driving institute at Motor World.
Mohammed Al Mubarak, Deputy CEO and Chief Commercial Officer, Aldar Properties, said, "Combining all motor vehicle related services in one modern, well-equipped location, Motor World will be a boost for the under-developed Abu Dhabi car market. With demand for new and used cars set to grow as the market matures, the industry needs a modern home that meets the standards expected by today's consumer.”
“Motor World is another example of the diversity of our strategic development work to support the physical and economic development of Abu Dhabi," he added.
Monzer Al Rifai, General Manager, Motor World, added, "We are looking forward to opening our doors in April. Three quarters of the Phase 1 showrooms have already been taken by Abu Dhabi's well-known used car dealerships. Meanwhile, the UAE's leading new car retailers are showing strong interest to be part of the development. Preparations are also under way for Phase 2, a further 100 showrooms, which will be initiated to meet market demand."