myOffice Business Center expands operations

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 Business Center is located in the heart of the city, Emaar Boulevard, Downtown Dubai and is a unique, one of the kind business operations that provides support to National and International Small Medium Enterprises in the UAE and Gulf region.

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 and the total office space extends to 15,000 sq feet overlooking the Sheikh Zayad Road with a full sea view from one side and a beautiful view overlooking the Burj Khalifah and The Dubai Fountains from the new extension. 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 said, "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 a 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 have expanded in such a short space of time and that 70% of the new office spaces are already occupied. 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. We are pleased to announce that we are now seeking other prestige locations around the GCC as part of our expansion plans for 2013 and tying relationships with other boutique business centers with the same vision as us in Europe and the US."

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, 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.