Aldar announces rent amnesty: Writes off rent for 2012

Aldar Properties, the Abu Dhabi-based real estate major, has written off rents for 2012 at its Motorworld development in Abu Dhabi following complaints over a lack of infrastructure.

Tenants based in Aldar Properties’ Motorworld are exempt from paying rents for 2012, the company announced.

Talal Al Dhiyebi, Director of Planning & Infrastructure at Aldar Properties said in an interview with Abu Dhabi TV Channel said the decision was made as a token of support to around 100 tenants of car showrooms in Motorworld.

Tenants earlier voiced concerns that Motorworld – a one-stop destination for sellers and buyers of pre-owned cars – lacks many facilities such as shops, banks, petrol stations and supermarkets.

Al Dhiyabi said Aldar Properties had already completed a service centre in Motorworld, comprising banks, insurance companies, prayer rooms and other facilities. He added that the centre will open in March 2013.

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