Khalidiya, Abu Dhabi: This Class A office tower in Khalidiya, Abu Dhabi was completed in 2012. Haibu Space entered into an agreement with the landlord to manage the transformation of a full 13,000 square foot floor which had been vacant since completion into a Haibu Space location. We managed the entire design and build process over a 4 month period and delivered a turn-key Haibu Space branded project which commenced operations in September 2019.

Within 6 months of commercial operations, the partnership generated revenues for the landlord in excess of 550% above market rents for the building. Within 12 months the project was operating at 95% occupancy.

If you are landlord seeking to diversify your real estate portfolio revenue streams and reposition underperforming or vacant commercial space, Haibu Space has a proven track record of creating highly profitable solutions for UAE landlords since 2015.

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Haibu Space - Business Center & Coworking Office Space in Abu Dhabi

The Challenges and Failures of Landlords Operating Their Own Flexible Workspaces

As the demand for flexible workspaces continues to rise, many landlords have attempted to capitalize on this trend by launching their own coworking spaces. While the potential for profit and the opportunity to diversify their portfolios can be appealing, the reality of operating a successful flexible workspace is fraught with challenges.