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United Arab Emirates Car Retailers Prepare for Aldar's Motor World Opening

United Arab Emirates Car Retailers Prepare for Aldar's Motor World Opening

Commercial News » Commercial Real Estate Edition | By Michael Gerrity | May 23, 2011 1:37 PM ET



Abu Dhabi's Aldar Properties announced this week that the first phase of Motor World, Aldar's custom-designed destination for new and used car showrooms and servicing facilities in Abu Dhabi, is now being handed over to retailers. All 100 shops, which are all leased, have been completed on schedule and car retailers will now begin the process of fitting out their showrooms as Motor World progresses to its official opening at the end of the year.

The second phase of Motor World's development - an additional 100 showrooms - has begun pre-leasing to tenants with construction scheduled to complete at the end of 2012.

Designed as a one-stop-shop for car buyers, Motor World will provide all related services as well as showrooms in a modern and comfortable environment. Its location close to Abu Dhabi International Airport makes it accessible for consumers from Abu Dhabi, Al Ain and Dubai.

Motor World has also signed a Memorandum of Understanding with Al Futtaim Automotive who will bring their flagship showroom offering Toyota, Lexus, Honda, Chrysler, Jeep, Dodge and Volvo models. Motor World is also in negotiation with other leading dealerships and key players in the UAE auto industry, and Emirates Driving Company and ARMS Group Pioneer Car Auction are among the companies that have expressed interest to establish their operation in Motor World.

Monzer Al Rifai, General Manager of Motor World commented, "Motor World presents a state-of-the-art centre for the people of Abu Dhabi to find all their automotive needs in one convenient location. It has been popular with the leading automotive representatives in the UAE with the first phase fully leased and the second phase of 100 showrooms now under way."

 


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