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DUBAI INVESTMENTS PARK MORE THAN 97% LEASED ATTRACTING INVESTMENTS IN EXCESS OF AED 42 BN OVER TWO DECADES

Tuesday, February 11, 2020

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 provide immaculate facilities, setting new standards in the region, has attracted investments in excess of AED 42 bn over two decades, signifying the emergence of DIP as a successful business model, facilitating a conducive environment.

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

Today 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 4 clinics, 313 staff accommodation buildings, 20 million sq. ft of office space, more than 4,200 tenants, 645 warehouse, factories and industrial facilities, 25 office buildings, and 18 showrooms.

In line with reiterating the development’s robust brand equity and integrating the uniqueness through enhanced value creation aligned to futuristic vision, DIP has unveiled a new logo and will continue to remain as a hot spot for investors with its ideal location and proximity to key business destinations.

“DIP has witnessed qualitative growth in investments over the last 20 years. The growing investment figures testify the trust among the investors and reiterate DIP’s commitment towards reinforcing positive perceptions of the development’s competitiveness. Today, as one of the top investment locations in the UAE and the larger Arab region, DIP is continually enhancing infrastructure, services and regulations and increasing ease of doing business, headed in the right direction and reaping fantastic results”, said, Omar Al Mesmar, General Manager, Dubai Investments Park.

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

DIP has constantly initiated efforts towards the enhancement of various infrastructure facilities and has invested in excess of AED 1.5 billion only towards development of infrastructure.

As part of DIP’s concerted efforts, an amount of approximately AED 125 million has been allocated towards improvement of public facilities, pedestrian track maintenance and upgradation of existing 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 across all sectors by implementing international best practices to create a plan that will help towards yielding a sustained growth across the UAE.