Al Forsan Real Estate to lease high-quality staff accommodation in Abu Dhabi

Local🕔 19 November 2017

Company will lease 172 units, comprising eight two-bedroom villas, six four-bedroom villas and 158 single-and double-bed studio units

Al Forsan Real Estate (AFRE), the property arm of Al Forsan Holding announced the leasing of its high-quality and fully-furnished employee accommodation facility within its flagship Al Forsan International Sports Resort on 19th of November 2017. AFRE, develops mixed-use communities that support active lifestyle through the integration of world class sporting facilities.

A major player in the UAE’s real estate sector, the launch of the employee accommodation service fortifies its position as a diversified development company. Under the new business stream, the company will lease 172 units, comprising eight two-bedroom villas, six four-bedroom villas and 158 single-and double-bed studio units. “We have developed several projects in the past in the residential, recreational and hospitality sector. We wanted to focus on creating a product that was a necessity for several organizations operating within the capital. Staff from several schools, hospitals, other public and private organizations are looking for quality accommodation, and that prompted us to launch this project in the heart of Abu Dhabi,” said Mr. Rashed Al Qubaisi, General Manager of Al Forsan Holding.

The pricing for the staff accommodation is designed in a manner that it is affordable for a majority of organisations in the capital.

“With employees living in several locations, the companies will have to bear a higher cost as they have to spend on transport in addition to losing precious productivity time.

Furthermore, they will have difficulty in negotiating corporate rates with several landlords and building owners. Leasing at bulk in one location offers them better corporate leasing rates, while promoting staff unity and productivity,” added Mr. Qubaisi.

Mr. Qubaisi further stated that due to the location of the staff accommodation which is within the Al Forsan International Sports Resort, residents will have the opportunity to avail these facilities at corporate membership rates, which is one of the ways of keeping an organization’s human capital healthy and productive at the same time.

Al Forsan Village, located within Khalifa City 'A' area of Abu Dhabi, includes 440 units of one- to four-bedroom apartments spread across 241,985m2. Health and luxury underpin the Al Forsan Village lifestyle for stakeholders.

Spread across 15,000m2, Al Forsan Village Town Square, the retail and leisure destination embedded within the project, is also home to several community-focused brands. Most of the renowned retail stores such as Spinneys, Holland & Barrett, Tilia Flowers, illy café, Just Kidding, Street9 Café, Cheeky Monkeys, Coffee Club, Champion Cleaners, Oregano Café, Physiomins among several others are already operational. The retail community has close to 17 stores to address the needs of the residents.

Local🕔 19 November 2017

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