Aldar signs bulk Cleveland Clinic deal

Developer to provide 607 apartments earmarked for hospital staff

NEWS, Business, Aldar Properties PJSC, Cleveland clinic abu dhabi

Aldar Properties has announced that it has completed a deal to lease 607 apartments to Cleveland Clinic Abu Dhabi to provide accommodation for the hospital's staff.

The apartments leased will provide accommodation for hospital staff both at the Gate Towers development on Al Reem Island and at the Al Rayyana development in Khalifa City.

Mohammed Khalifa Al Mubarak, CEO of Aldar Properties, said: “Abu Dhabi’s strategy of economic diversification and well planned development is creating significant demand for high-quality, modern residential property.

"Major employers are seeking bulk housing solutions in communities that offer excellent amenities and facilities, and Aldar is responding to these needs. Leasing activity has been very strong this year, helping to strengthen our recurring income portfolio.”

Cleveland Clinic is scheduled to open its doors to patients next year. It will contain a total of 364 beds, but is expandable to 490. It has been built by a joint venture between Six Construct and Samsung C&T.

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