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Dubai Investments Park to lease 20 million sq.ft. of office space |
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3/13/2007 10:27:00 AM |
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 Dubai Investments Park (DIP), a wholly owned subsidiary of Dubai Investments, has announced that they have already leased more than 8 million square feet of office Development plots and intend to offer investor over 20 million square feet of office space within the next 15 months at a cost of more than AED 5 billion.
Omar Al Mesmar
"There is a high demand for office space in Dubai as the emirate is booming economically and many people want to establish their business here. However, office space is becoming rare so people are resorting to drastic measures to find premises for their business," said Omar Al Mesmar, General Manager, DIP.
Planning began in 1997 on the Park, which has attracted investments in office development worth more than AED 5 billion. The development, already entirely leased, has been designed to attract company headquarters, administrative and professional offices, clinics, research and development activities, laboratories, commercial services and trading businesses.
The DIP office space zone will be low raise, boutique style & heavily landscaped and each development will provide an excellent retail facility, including an abundance of parking spaces to eliminate the hassles associated with parking. Large and discreet parking areas were incorporated into DIP to facilitate business performance and contribute to enhanced facilities for both visitors and residents.
"We have received a surge of investors who have recognised the potential within DIP as the Park provides office space and first class infrastructure complementary to economic development" Al Mesmar added.
Dubai Investments Park, one of the most prominent business-oriented developments is the premier business park in the Arabian Gulf by offering investors a tailor-made business and residential environment. The AED 1.5 billion multi phased project is spread over a total area of 3,200 hectares and is equipped with world-class facilities and services for manufacturing, housing, academic, research and development, distribution and logistics purposes.
The Park has also attracted investments in commercial amenities such as six international schools, sports clubs, fire and police departments, a healthcare centre, postal, banking and insurance services and major shopping facilities. DIP is also the first private sector development in Dubai to offer its tenants water for irrigation and fire-fighting, supplied through the parks extensive irrigation network.
"DIP offices are highly attractive because of their strategic location only half an hour from downtown Dubai, right where the future of Dubai is taking shape and close to Jebel Ali port and Dubai's upcoming International airport in Jebel Ali. DIP can be easily accessed from Emirates Road and Sheikh Zayed Road & Al Hibab road and the outer bypass of the Park is surrounded by a 20 km radius of major residential, Recreational, entertainment and hospitality developments," Al Mesmar concluded.
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Source: Gowealthy |
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