• HSBC

Interest surges as prospective tenants eager to lease space in Emaar's Burj Dubai Business Hub

  • United Arab Emirates: Saturday, October 01 - 2005 at 14:43
  • PRESS RELEASE

Emaar Properties PJSC, the world's number one real estate group by market value, today revealed that the strength of the response to its recently launched Business Hub had turned it into one of the most sought after projects within the Burj Dubai Development.

Emaar's commercial leasing department reported that interest from international, regional and local businesses from across the corporate spectrum had been overwhelming since the office park's launch a month ago. The interested parties have ranged from IT specialists to creative agencies and financial corporations.

The strength of interest is rapidly turning the hub into one of the most desirable business addresses in Dubai. Shoaib Al Rahimi of Emaar Properties, said: "The response has exceeded expectations. The fact that we have had so many expressions of interest reflects not only the high quality of the hub's superb facilities and prime location but also the attractions of Dubai for the corporate world."

The six-building Business Hub located at the heart of the Burj Dubai Development, offers businesses a series of outstanding features, including views of the Burj Dubai tower, superb dining and entertainment options and the opportunity to make a lasting impression on clients. With already over 50% of its structural works complete, the Business Hub will be ready for handover in February 2007.

With a gross area of approximately 1.5 million sq ft of prime office space as well as retail, food courts, and business services, the Business Hub will set the benchmark for future corporate developments. Features such as flexible lease options, ample surface and underground secured parking, VIP drop-off area, express elevators, raised floor, flexible floor plates of 27,000 sq ft each, electronic access cards for parking and tenant areas and 24-hour security all add to the mix.

The Business Hub is ideally positioned close to the Dubai International Financial Centre (DIFC) and the World Trade Centre to meet the needs of medium to large businesses. It is expected to become the number one address for enterprise and commerce. The forthcoming Burj Dubai monorail, offering a pedestrian link to and from the station, will add to the hub's attractions, accessibility and convenience.

The Business Hub is a distinctive feature of the 500-acre mixed use Burj Dubai Development, Emaar's most ambitious project to date combining commercial, residential, hotel, entertainment, shopping and leisure outlets in open green spaces dotted with lakes and numerous water features.
Burj Dubai Business Hub site 
Burj Dubai Business Hub site
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Notes and Media Contacts »

For more information on the Burj Dubai Business Hub, please contact telephone 04 367 3333.

About Emaar Properties PJSC:
Emaar Properties, the Dubai-based Public Joint Stock Company, is listed on the Dubai Financial Market and is part of the Dow Jones Arab Titans Index. Emaar is the No. 1 real estate company in the world in terms of market capitalisation. The company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base. In June 2005, the company crossed the historic 10,000 mark on the number of homes handed over to satisfied customers. Currently, it has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. The company also owns and manages the Gold and Diamond Park. Emaar has started construction on its most ambitious project to date, the Burj Dubai Development, which comprises the Burj Dubai, The Dubai Mall, Burj Dubai Boulevard, The Lofts, The Old Town, The Old Town Island, The Residences, Burj Views, man-made lakes, landscaped parks and gardens. The company also has joint ventures and projects across the region covering Saudi Arabia, Egypt, Syria, Jordan, Morocco, India and Pakistan.

While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 41,000 shareholders, which includes the Government of Dubai. Emaar owns and manages three subsidiaries - Dubai Bank, focused on retail and commercial banking; EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services; and Sahm, its IT services arm. Emaar is also the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company.

For more information, please contact:
Kelly Home / Linsey Worgan
ASDA'A Public Relations
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In Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080

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