GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Dubai, December 5, 2017:  Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced a 36% increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park [DIP] – the unique integrated commercial, industrial and residential community in the Middle East, in the first nine months of 2017 compared to last year.

Out of these, nearly 68 per cent contracts pertained to existing subtenants, reflecting DIP's growing demand as a premier business destination in the region.

The new subtenants during the period under review amounted to 26 per cent new subtenants; of which 46 per cent were in the warehousing activity, 35 per cent in staff accommodation activity, 14 per cent in offices activity and 5 per cent in commercial activity. Some of the new subtenants included Spectrum Automotive Services, Multi-Level Technology, Cheese Land, among others. 

Omar Al Mesmar, General Manager of DIP, said: “The sharp increase in DIP sub-leasing in the first nine months of 2017 period reflects the surging optimism in the regional business environment, coupled with the growing reputation of DIP as the preferred business destination. There has been a strong demand for warehouses in DIP, as a result of its proximity to the Expo 2020 site and Dubai South. DIP has consistently developed its road network, upgraded its infrastructure and facilities, which continues to attract new tenants.”

DIP offers a wide array of warehousing, storage and commercial facilities for large, medium and small-sized enterprises as also dedicated plots for custom-build warehouses. 

Born out of a pioneering vision by Dubai Investments, DIP is today a booming community, accentuated by over 12,000 residential units, 120,000 residents, 20 million square feet of office space, 18 showrooms, 6 schools, 5 operational hotels, besides 313 residential and staff accommodation buildings.

Over the years, DIP has spent over AED 4 billion in enhancing and improving the infrastructure to international standards, which includes 140-km of internal road network and well-integrated water and electricity systems, the best of hospitals, educational institutions, hotels, retail outlets, supermarkets and other lifestyle necessities.



Posted by : GoDubai Editorial Team
Viewed 11242 times
Posted on : Tuesday, December 5, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride compared to an outrag...
Next Story : 2018 the Year of Change: Saxo Bank Chief Economist Predicts Economic Impacts of Key Market Trends
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
The FW18 Trend Report From Weill Paris
Discover the Secret to Younger-looking, Radiant Skin
Climax Mascara Never Fake It
Keep your skin looking healthy and hydrated, naturally
Brighter Eyes with Skin Republic
LOOTAH Perfumes brings a collection of delicate scents to fulfill the needs of t...
The Balmain Haute Elegance Oval mirrors the brand's soul
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Nat...
Lexus Design Award 2019 open for entries
Joyalukkas adds another jewel to its crown with the inauguration of its third sh...
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HHC looks forward to collaborating with Louvre Abu Dhabi to boost UAE's cultural...
Trend Alert! Giddy up on the best platform with your new horse-inspo ensemble fr...
Brow Contour Pro 4-in-1 defining & highlighting brow pencil
Demand for school supplies is higher than ever
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
Elegant and feminine new Mini Bubble set to make a big splash
Get flawless skin with Rodial's new Booster Drops
Introducing the GUESS Jeans Fall 2018 Collection'
UAE Team Emirates Announce Line Ups for Two-day Italian Bonanza
Special Olympics World Games Abu Dhabi 2019 Launches Volunteering Recruitment Drive
Johnson's launches Fresh Hydration Range – Cleansed, hydrated skin in just #OneSwipe
REIB DWC-LLC, a Marketing, Management & Financial consultancy Experts from the U...
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
Reinforcing Smartphone's Weakest Link: Huawei Could Launch Ultra-Fast Charging B...
Daniel Craig Brings the Diver 300m to the Surface
DS Podium Chronograph 1/100 sec
Curate your perfect Autumn Winter wardrobe, with Robinsons
Global Report Reveals That the “Feeling of Home” Is Moving Beyond Four Walls
Kibsons Expand Vegan Range
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turno...
Health Shield Medical Center to Celebrate Women of the Capital
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018
The World of Aigner Wunderkammer
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
Nokia smartphones serves first slice of Android™ 9 Pie on the award-winning Noki...
Sixth Turkish Airlines World Golf Cup played in Istanbul
AXOR is the official partner for bathroom fixtures of the Design Hotels™ brand
Emirates Airline Dubai Rugby Sevens 2018 FactSheet
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
With more collections and a more spacious car parking, Kalyan Silks moves to El...
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Corum Heritage Eleganza- Dedicated to the stylish woman
Festival Plaza Announces Lulu Hypermarket at New Lifestyle Destination
Dubai Land Department: 41 real estate companies compete in International Propert...
Lacoste Introduces the Keep Playing Collection for Women
UAE Toastmasters community to host the world champion of public speaking
Air Transport Cooperation Promotion Conference Chinese Yunnan Province delegatio...
Make your home stand out this winter
La Riviera reveals show Apartments at JVC