MyOffice Business Center expands operations within 12 months of officially opening in Dubai
- United Arab Emirates: Monday, January 07 - 2013 at 12:19
- PRESS RELEASE
Within six months of operations, MyOffice Business Center saw a rise in demand for long term and short term office space which led to the company's shareholders to take the decision to expand their business facilities to meet the market demand.
MyOffice opened their doors to hundreds of businesses over the last one year providing business support solutions from office space, company formation to full logistical and secretarial support. The state of the art office facility is located on the 14th floor of Boulevard Plaza Tower 1. Office space extends to 7,000 sq feet overlooking the Sheikh Zayad Road and with a full sea view. The new facility that is due to officially open in 2 weeks will span over 8,000sq feet located on the opposite side of the building overlooking the Burj Khalifah and The Dubai Fountains. myOffice also offer small businesses flexible office leasing facilities to help them to start up their company with minimal financial risk.
General Manager Melissa O'Neil, "We have been inundated with increasing leasing inquiries over the last few months. The real estate market in Dubai has noticeably picked up again post 2008, especially in prime locations such as Downtown Dubai. International clients who are leasing offices with myOffice look to be based out of prestige, sort after addresses. Back in July 2012 all our offices were sold out and we were prompted to take up additional space to meet our client demand. I am delighted that we are finally near to completion and that 70% of the new office spaces are already pre-booked and are due to be handed over to our tenants on 15th January 2013. Expansion of our offices were actually planned for the end of year two, however at month 7 we were prompted by demand to put our plans into action earlier then expected."
MyOffice Business Centre proved to be a successful investment for its shareholders, return on investments reached 25% in its first year of operations. Renewal rate of 80% has been reached through in house office clients and a full client base of approximately 350 companies. Through business to business agreements and referral systems myOffice has been able to form a solid foundation and relationship with their growing clientele.
Initial business forecasts expected the office leasing facility to fill offices to a level of 80% by month 12. In reality MyOffice reached their target by month 6 and are currently resting at 120% occupancy.
MyOffice is in the process of seeking additional locations in prime areas as part of their expansion plan in the UAE for 2013.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.