Dubai Investments Park more than 97% leased attracting investments in excess of AED 42 bn over two decades

Business

Dubai Investments Park more than 97% leased attracting investments in excess of AED 42 bn over two decades

Dubai Investments Park [DIP], the unique integrated commercial, industrial & residential community in the Middle East, wholly-owned by Dubai Investments PJSC, has unveiled that the master-planned complex, designed and developed to offer immaculate facilities, placing new standards in the region, has attracted investments in excess of AED 42 bn over two decades, signifying the emergence of DIP as a profitable business model, facilitating a conducive environment.

Considered one among the biggest integrated developments in the Middle East, the organization has proven a sustained and progressive boom in the investment portfolio, with 97% of the total leasable land area of 17 million square meters leased out till date.

DIP is a booming community, with over 12,000 residential units, more than 160,000 residents, 6 schools, 5 operational hotels as well as serviced apartments, 1 hospital and four clinics, 313 staff accommodation buildings, 20 million sq. feet of office space, extra than 4,200 tenants, 645 warehouse factories and industrial facilities, 25 office buildings, and 18 showrooms.

In line with reiterating the developments strong brand equity and integrating the uniqueness via better value creation aligned to futuristic vision, DIP has unveiled a new logo and will proceed to remain as a hot spot for investors with its perfect area and proximity to key business destinations.

DIP has witnessed qualitative growth in investments over the previous 20 years. The growing investment figures testify the trust among the traders and reiterate DIPs dedication towards reinforcing optimistic perceptions of the developments competitiveness. As one of the top investment locations in the UAE and the larger Arab region, DIP is constantly improving infrastructure, services and regulations and increasing ease of doing business, headed in the right direction and reaping outstanding results, said, Omar Al Mesmar, General Manager, Dubai Investments Park.

Over the last few years, DIP has witnessed a sharp increase in DIPs sub-leasing reflecting the surging optimism in the regional business environment, coupled with the growing reputation of DIP as the desired business destination. DIP has constantly developed its road network and upgraded its infrastructure and facilities, which continues to entice new tenants and the proximity to the Expo 2020 site has added to the strategic benefit of the development.

DIP has continuously imitated efforts towards the enhancement of various infrastructure amenities and has invested in excess of AED 1.5 billion only towards development of infrastructure.

As part of DIPs concerted efforts, an amount of about AED 125 million has been allotted towards development of public facilities, pedestrian track maintenance and upgradation of present infrastructure, and air conditioned bus shelters over the next 1 year.

DIP will continue its efforts to act as a catalyst for sustained development and raise excellence throughout all sectors by enforcing global best practices to create a plan that will help towards yielding a sustained growth throughout the UAE.