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

 
  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 10998 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
Global brands with lowest cost at Karama Ware house sale from this Thursday
Glam's Makeup Launches in the Middle East
Review: Facial with Dr Renaud's range at Nazih
Glasshouse Collection from Olivia Burton
CFB T3 000 Manufacture Movement Pioneering Peripheral Technology
CALVIN KLEIN WOMEN: The first CALVIN KLEIN fragrance developed under the vision...
Mr. Burberry Indigo Eau De Toilette
Hour Choice presents Coach New York Collection
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of it...
Tommy Hilfiger Iconic Sport collection
Matthew Fitzpatrick Wins the 2018 Omega European Masters
Executive Tourbillon Free Wheel
Introducing New Make-up From Rodial That You Need In Your Kit
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty
Rado reimagines a bold 1960s classic for the 21st Century
Scuderia Ferrari presents Fall winter collection
Kate Spade New York Presents Debut Collection From Creative Director Nicola Gla...
Introducing VK Beauty Lounge & Bar
Alina Anwar Couture Launches in UAE
Introducing Home Fragrance at Robinsons, Dubai Festival City
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch...
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level
Facebook Launches Community Help on Facebook Lite
British Classics Make a Comeback in Jack Wills AW18 Collections
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
Dubai Culture Organises ‘Writing Literature Novels and Editing them as Play Scri...
Up Your Health and Lifestyle Game with the Huawei TalkBand B5
Roberto Cavalli's Exclusive Duo of Fragrances
du and Holidays by flydubai partnership takes flight to bring great experiences ...
‘Unseen Potential' - Art from Scrap and Discarded Parts
CNN's Inside the Middle East explores the region's evolving photography scene
Ferrari World Abu Dhabi invites guests to enjoy the spectacular Friends & Family...
Majid Al Futtaim and UNICEF Partner to Help Send 1 Million Children to School by 2020
New Google Search feature launches for job-seekers in Arab world
Defying Age With Skin Republic's Gold and Platinum Face Masks
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
NARS Erdem SS19 Beauty Report
Audi headed for the future with Formula E and DTM
Al-Futtaim Toyota's Upgrade campaign brings back the hottest car deals
Sheikh Zayed, the First Falconer and Nature Protector
Diana Arno Expands Online Shopping to Middle East
Your skin needs more than just sunscreen
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
Lacoste.12.12 Collection
PAN Emirates bedroom festival with discount up to 70%
UHOA goes live with #YouBeUganda at Expo 2018
Trevor Sorbie Range Relaunches in the UAE
William Collection by Hugo Boss
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?