DMCC unveils new business park
Dubai, October 30, 2007
The Dubai Multi Commodities Centre Authority (DMCCA) today unveiled the master plan for a new business park in Dubai.
Covering an area of 13.8 hectares, and located adjacent to the Jumeirah Lakes Towers, the newly launched business park will be a premium commercial development featuring office and hotel towers and commercial buildings.
The development will enjoy free-zone status, and feature a 34-storey office tower, and a 28-storey business hotel. These two towers will be served by a common podium that will feature a ballroom, conference centre and retail gallery. Eleven low-rise office buildings will surround the two towers. The office space offered in these buildings will be a mix of freehold and leasehold properties, and will be ideal for both large corporate headquarters as well as for smaller companies.
RSP Architects, a premier architectural firm from Singapore, has completed the concept design for the development. Jones Lang LaSalle, the world’s leading real estate services and money management firm, is conducting the market and financial assessment of the business hotel, as well as identifying and negotiating operating agreements with preferred hotel operators.
Ahmed bin Sulayem, executive chairman, DMCC, said: “DMCCA plans to develop this business park as a dynamic community that is built to the highest international standards and provides the ideal environment for businesses to establish themselves in one of the fastest-growing cities in the world. As we look to bring this project to fruition, we are especially pleased to partner with leading names in the global real estate business.”
He also highlighted that the development being strategically located in close vicinity to international airports in Dubai and Jebel Ali will be an added advantage for businesses.
Bryan Wilson, executive director, property, DMCC, said: “DMCCA’s regional experience, the project’s prime location, and the global real estate expertise of our international partners make the DMCC Hotel and Business Park one of the most exciting projects in Dubai. By contributing to the infrastructure development of the emirate, this project will also help meet the needs of businesses based in the emirate – or intending to open offices here. In this way, the project will contribute to the long-term growth and development of Dubai and the wider region.” – TradeArabia News Service