The complex is characterized byOffice Park“With its strategic location in the city of Dubai InternetThe largest regional business destination for companies Technology A subsidiary of TECOM Group, which reflects the group’s commitment to achieving strategic growth Sustainable growth and maintaining strong financial performance comes by enhancing its portfolio of distinguished commercial assets.
The acquisition process contributes to exceeding the value of TECOM Group’s investments in its plan Expansion of 2.7 billion dirhams during 2024.
This group is one of the most prominent commercial assets from the first category of category that possesses the possibilities and promoted to achieve sustainable returns and a largest added value, as it will have a direct impact on the financial performance of the group.
For his part, Abdullah Belhoul, Group CEO, confirmed TecomThe acquisition of the Office Park strengthens the pivotal role played by TECOM Group as a strategic driver for the business sector in Dubai, which contributes to consolidating its leading position within commercial real estate in the emirate, which continues to outperform its counterparts around the world.
It should be noted that the “Office Park” complex consists of 5 interconnected buildings with a total area The rentable area is approximately 371 thousand square feet. It is distinguished by its modern design and wonderful views of the Dubai coast, including Palm Jumeirah. This enhances its attractiveness as a preferred destination for prestigious brands. The current occupancy rate in the Office Park complex is 88 percent, noting that it is the headquarters of an elite group of people The most prominent international companies such as Coca-Cola, Uber, and Red Hat.
