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 4166 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
Time for Some AIGNER Love
BOSS watches presents Navigator Collection
Absolutely Rejuvenated Skin to Start the New Year
Step into 2018 with skinade & slow down the signs of ageing
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
SUC Conducted the 10th CEO Lecture Series
LG bets high on Premium TV Market with industry leading OLED Technology
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
Nouveau Lashes & Beauty – The Aftercare Range
10 years on Bremont refreshes ALT1-P range
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
Sleigh your style with women'secret's festive collection
LPG Endermologie provides tips for you to stay healthy and glowing inside and out
Party Season Essentials at Paris Gallery
du Opens New Business Centre Facility at Jebel Ali Free Zone (Jafza)
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
DIFF Closes With Full Force on the Red Carpet
MEPRA announces winners of its 2017 awards
Switzerland wins a Good Design Award for the first chronograph-watch in history
Lacoste Introduces Motion Collection
Festive and NYE Happenings at Tub of Butter
Win 3000 Dollars with Splash
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
Joy of Christmas Feast with TWG Tea
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Registration Opens for the Fazza Championships for Falconry 2018
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
De'longhi Bean-to-cup Coffee Machines
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
HydroPeptide Anti-Aging Skin Care Launches in UAE
The First PappaRoti Boutique opens its doors for a luxurious experience at Emir...
Huawei's ultimate gift guide for the 2017 Holiday Season
El Sur - Christmas Eve, Christmas Day and New Year Offers
Step into Lili Miro's World of Luxury for Men
‘Be There' at The Dubai Mall this festive season and join in the Winter Celebra...
Pure Gold Jewellers Joins Forces with Disney to Launch Exclusive New Diamond Col...
Emirati Logistics Pioneer ‘Allied Transport' Awarded “Most Innovative & Regulate...
Three Day China Homelife Exhibition Begins in Dubai and Ensures Direct Sourcing ...
Mansour bin Zayed opens SIAL Middle East 2017 Exhibition
Middle Eastern countries recorded exports of US$ 765.8 billion and imports of US...
Xiaomi opens second Authorized Mi Store in the UAE
Dubai Customs wins “Best Customs Department in 2017” Award
Pump Up Your Energy Level This December with H2GO
Mutual Recognition: DPM Launches Engineer Registration System
Emirates celebrates holiday season with special Christmas treats
World Future Energy Summit 2018 to map transition to a sustainable economy and l...
Schneider Electric commits to 100% renewable electricity by 2030, doubling energ...
Food Security Center Abu Dhabi to Examine Ways of Enhancing Regional Food Securi...
Cate Blanchett Announces Haifaa Al Mansour as Winner of Sixth IWC Filmmaker Awar...