DIP announces leasing of Single Business Tower in Dubai
Monday, December 28, 2009
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The Dubai Investment Properties (DIP), one of the leading property developers in the UAE, has announced that they have begun the leasing process of their latest commercial development, Single Business Tower.
The Company is leasing 248 office units and 7 retail units at their new business tower in Sheikh Zayed Road.
The Property Manager of Single Business Tower, Ani Vladi, said that the Single Business Tower has been completed much ahead of scheduled date, and given its central location, elegant façade and state-of-the-art interior, it will be the ideal business location for companies seeking brand recognition.
The building incorporates energy efficient and self-sustaining features, with 248 modern offices and retail spaces spread across its 45 storeys. The green building guidelines have been followed to ensure energy efficiency, the big French windows help in capitalizing natural lights, while glass panels help divert heat and minimizes A/C consumption.
The Single Business Tower also has advanced security and fire protection systems that ensure security of tenants at all times.
Offices within the tower are designed to ensure maximum functionality and space efficiency. Several amenities and service outlets have been added to compliment a functional business environment.
This, together with round-the-clock management services, ample parking space, proximity to the Business Bay metro station, and stunning views of Arabian Sea and Burj Dubai, will make it an attractive option for business seeking to establish their main branch offices in the region.
Apart from premium office and retail space, the tower offers reception and concierge services to tenants, a fully furnished conference room, prayer rooms, business lounge, separate gymnasiums for men and women, a multi-level car park for tenants, business services, and other facilities management services.
The Dubai Investment Properties (DIP), one of the leading property developers in the UAE, has announced that they have begun the leasing process of their latest commercial development, Single Business Tower.The Company is leasing 248 office units and 7 retail units at their new business tower in Sheikh Zayed Road.
The Property Manager of Single Business Tower, Ani Vladi, said that the Single Business Tower has been completed much ahead of scheduled date, and given its central location, elegant façade and state-of-the-art interior, it will be the ideal business location for companies seeking brand recognition.
The building incorporates energy efficient and self-sustaining features, with 248 modern offices and retail spaces spread across its 45 storeys. The green building guidelines have been followed to ensure energy efficiency, the big French windows help in capitalizing natural lights, while glass panels help divert heat and minimizes A/C consumption.
The Single Business Tower also has advanced security and fire protection systems that ensure security of tenants at all times.
Offices within the tower are designed to ensure maximum functionality and space efficiency. Several amenities and service outlets have been added to compliment a functional business environment.
This, together with round-the-clock management services, ample parking space, proximity to the Business Bay metro station, and stunning views of Arabian Sea and Burj Dubai, will make it an attractive option for business seeking to establish their main branch offices in the region.
Apart from premium office and retail space, the tower offers reception and concierge services to tenants, a fully furnished conference room, prayer rooms, business lounge, separate gymnasiums for men and women, a multi-level car park for tenants, business services, and other facilities management services.
Labels: Commercial Property, Leasing, Office Space, Sheikh-Zayed-Road
Deyaar signs deal for development & management of One Za'abeel
Tuesday, July 29, 2008
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Deyaar Development Company has entered into an agreement with the Investment Corporation of Dubai (ICD), the investment arm of Government of Dubai, to begin the development and management of One Zabeel, an iconic 36 storey mixed-use development, located at the World Trade Center roundabout in Dubai.
According to the terms of the agreement, ICD will continue to own the project, but it will be developed and managed by Deyaar.
Launched in June 2008, with an aim to fulfill ICD's vision to identify and develop unique opportunities, One Za'abeel, will enhance the position of Dubai, as an international city of excellence.
Comprising three individual towers - residential, commercial and hotel towers, they are interlinked at the top, and have a common ground at the base. A highway will run through the development, which is the first on its kind for the region.
Construction is likely to begin shortly with completion being scheduled for 2011.
Located in close proximity to the two Metro stations, One Zaabeel comprises a residential tower with 450 apartments, a 370rooms five-star hotel tower, and a commercial tower spreading across 500,000 Square Feet of space.
This agreement further strengthens the position of Deyaar as development manager of high-profile projects in the UAE.
The Managing Director of Deyaar, Saeed Al Qatami, emphasizing on the strong growth of the company said that ever-since the company was launched, the property management division of Deyaar, has evolved from an institutional property manager focusing on management of Deyaar properties to a large property manager with multi-clients in the public domain. The division has been extremely successful in managing big portfolio of properties, and has helped investors in the process of maximizing their returns on assets.
The Director Investments, ICD, Khalifa Al Daboos, said that due to its prime positioning at the end of old business district and at the beginning of Sheikh Zayed Road, the business growth corridor, One Za'abeel is likely to represent the rich trading roots of Dubai, and its rapid rise as a modern international financial and business hub.
According to the terms of the agreement, ICD will continue to own the project, but it will be developed and managed by Deyaar.
Launched in June 2008, with an aim to fulfill ICD's vision to identify and develop unique opportunities, One Za'abeel, will enhance the position of Dubai, as an international city of excellence.
Comprising three individual towers - residential, commercial and hotel towers, they are interlinked at the top, and have a common ground at the base. A highway will run through the development, which is the first on its kind for the region.
Construction is likely to begin shortly with completion being scheduled for 2011.
Located in close proximity to the two Metro stations, One Zaabeel comprises a residential tower with 450 apartments, a 370rooms five-star hotel tower, and a commercial tower spreading across 500,000 Square Feet of space.
This agreement further strengthens the position of Deyaar as development manager of high-profile projects in the UAE.
The Managing Director of Deyaar, Saeed Al Qatami, emphasizing on the strong growth of the company said that ever-since the company was launched, the property management division of Deyaar, has evolved from an institutional property manager focusing on management of Deyaar properties to a large property manager with multi-clients in the public domain. The division has been extremely successful in managing big portfolio of properties, and has helped investors in the process of maximizing their returns on assets.
The Director Investments, ICD, Khalifa Al Daboos, said that due to its prime positioning at the end of old business district and at the beginning of Sheikh Zayed Road, the business growth corridor, One Za'abeel is likely to represent the rich trading roots of Dubai, and its rapid rise as a modern international financial and business hub.
Labels: Construction Projects, Deyaar, Sheikh-Zayed-Road
ACI and Escan Real Estate to develop Dh2bn Escan Tower
Sunday, June 29, 2008
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ACI Real Estate, the German developer, together with Escan Real Estate, has announced their plan to develop the only freehold commercial tower, the Escan Tower, on Sheikh Zayed Road at a cost of Dh.2billion.
The Escan Tower comprising 60 storey will offer a mixed-use space of 570,000 square feet on Shaikh Zayed Road, opposite Mazaya Center. The storey one to twenty will be exclusively reserved for office space, while floors twenty one to sixty will be set aside as residential units, apart from high-end retail and dining facilities.
Escan Tower owns the credit of holding "rare freehold status on prime real estate", reveals the Chairman of Escan, Saeed Mattar Bin Belaila. It is also the first freehold commercial building on the highway, which contributes significantly to the landscape of Sheikh Zayed Road.
The tower also includes a five-storey business center, and currently talks are on regarding the company which will brand the center. The selected company will be announced during the coming weeks, reveals the Managing Director of ACI, Robin Lohmann.
Ever-since its entry into the Dubai realty market in 2004, ACI Real Estate has invested more than Dh.10bn in Dubai. ACI is planning several new exciting projects by end of the year.
Escan has a portfolio of more than Dh.13bn but this year it is set to jump higher, and plans to touch Dh.20bn.
Escan has a portfolio of more than Dh.13bn but this year it is set to jump higher, and plans to touch Dh.20bn.
Labels: Commercial Property, Freehold Property, Office Space, Sheikh-Zayed-Road
