Landlord Case Study: Masdar City

Masdar City, Abu Dhabi: In mid-2019, the Founders of Haibu Space were approached by the owner of a 100,000 sqft standalone building in Masdar City. The building was originally purpose built to operate as a technology incubator. However, the landlord wished to repurpose the building and the Haibu Space Founders entered into a partnership with the landlord to manage this process.

Haibu Space repositioned and re-branded the entire building as flexible workspace catering to the underserved catchment areas of MBZ City, Khalifa City, Raha Gardens and Masdar. Within the first 6 months of operations, we identified a single UAE government tenant who agreed to re-fit and occupy the entire building for a 5 year term. In coordination with the tenant, we managed the entire design and build process over a 5 month period, delivering a single tenant, design-build project generating a 250% premium to market rent for the catchment area.

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.