MyOffice relocates to bigger facility in Dubai
Dubai, January 7, 2013
MyOffice Business Center, a provider of office and business set-up solutions, is relocating to bigger premises in Dubai to better meet the market demand.
MyOffice Business Center is located in the heart of the city, Emaar Boulevard, Downtown Dubai. The state of the art office facility is located on the 14th floor of Boulevard Plaza Tower 1. Office space extends to 7,000 sq ft overlooking the Sheikh Zayed Road and with a full sea view.
The new facility that is due to officially open in two weeks will span over 8,000 sq ft located on the opposite side of the building overlooking the Burj Khalifa and The Dubai Fountains.
“We have been inundated with increasing leasing inquiries over the last few months. The real estate market in Dubai has noticeably picked up again post 2008, especially in prime locations such as Downtown Dubai,” said Melissa O’Neil, general manager.
“International clients who are leasing offices with myOffice look to be based out of prestige, sort after addresses. Back in July 2012 all our offices were sold out and we were prompted to take up additional space to meet our client demand.
“I am delighted that we are finally near to completion and that 70 per cent of the new office spaces are already pre-booked and are due to be handed over to our tenants on January 15.
“Expansion of our offices was actually planned for the end of year two, however at month 7 we were prompted by demand to put our plans into action earlier than expected.”
MyOffice Business Centre proved to be a successful investment for its shareholders, return on investments reached 25 per cent in its first year of operations, she added.
Renewal rate of 80 per cent has been reached through in house office clients and a full client base of approximately 350 companies.
Initial business forecasts expected the office leasing facility to fill offices to a level of 80 per cent by month 12. In reality MyOffice reached their target by month 6 and are currently resting at 120 per cent occupancy, a company statement said. – TradeArabia News Service