Downtown Dubai, the 500-acre mega development of Emaar Properties, described as ‘The Centre of Now,’ is increasingly regarded as an ideal commercial location for businesses.
Featuring landmarks such as Burj Khalifa, the world’s tallest building; The Dubai Mall, the world’s largest shopping and entertainment destination; and The Dubai Fountain, the world’s tallest performing fountain, Downtown Dubai has dedicated business clusters such as Emaar Square and Boulevard Plaza. There are luxury commercial offices in Burj Khalifa too.
Centrally located, Downtown Dubai also offers easy access to the financial and business nerve-centres of the city, and has the unique destination of being one of the world’s most visited lifestyle destinations.
Several blue chip companies have established their base in the commercial space offered by Downtown Dubai. There are several factors that make the ‘most prestigious square kilometre on earth’ a preferred choice for businesses to be based.
One, of course, is the location and the prestige associated with the development. Today, Downtown Dubai has evolved as a must-visit destination. It can be easily accessed from Sheikh Zayed Road and a newly introduced air-conditioned pedestrian link connects Downtown Dubai directly with the Burj Khalifa/The Dubai Mall station on Dubai Metro. The offices in Downtown Dubai – Emaar Square and Boulevard Plaza – can be conveniently accessed through this link, which is a key factor that employees take into consideration.
Businesses in Downtown Dubai become part of a vibrant community featuring cafes, restaurants, food courts and retail amenities that add value to the employees, as well as helping to create a distinct impression in visitors. The overall business environment, drawing on this positive buzz, is extremely dynamic with the opportunity for your business to rub shoulders with A-list entities.
All essential business services are readily available in Downtown Dubai, including the option of providing residential accommodation for the team, if need be, at the residential projects in the community. This can help in reducing the commuting time and is of exceptional value for busy business executives.
Downtown Dubai also ranks among developments with the highest parking ratio in addition to designated visitor or VIP parking. The community has an extremely advanced security system, apart from all state-of-the art facilities.
Rental rates in Downtown Dubai’s offices depends on whether the units are fitted or shell and core, the floor level, view offered and size of the unit.
There has also been surge in the number of enquiries from our registered agents and direct potential tenants. This has led to further increased occupancy levels and increase in selling price and rental rates.
As the vast majority of available office spaces are shell and core, tenants typically tend to sign leases for a term not less than 3 years to be able to recover the cost of fit outs, but lease terms are largely between 3-10 years.
In the beginning of 2012 add-ons where a market norm but now with the market recording robust positive growth, and with increase in demand, fewer ‘sweeteners’ are offered.
Downtown Dubai, with newer additions announced by Emaar, is set to be a true hub for business and leisure. And by any standards, it is an ideal choice for your business to be seen and to see.