Blue-chip tenants seeking ultra-premium office spaces in Dubai can now lease at One Za’abeel’s twin-tower development for terms of five or six years. This prestigious office building stands out among recent developments in Dubai, including Uptown Tower and ICD Brookfield in DIFC.

One Za’abeel developer, Ithara, a division of the Investment Corporation of Dubai, will also offer shorter office leases of one or two years. Henry Mathews, Leasing Director at One Za’abeel, explains that longer leases are available on a shell-and-core basis, while shorter leases come with fully customized fit-outs and tenant-specific designs.

Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences

Marketed as the “gateway to Dubai’s Central Business District,” One Za’abeel offers the premium experience across 300,000 square feet of Gross Leasable Area (GLA). The rising demand for Grade A office spaces has benefitted developments like ICD Brookfield, and interest in leasing Uptown Tower continues to surge.

Mathews highlights the One&Only experience at One Za’abeel, where office spaces span from the 5th to the 21st floor, offering 300,000 square feet of workspace. Alongside the offices, the development boasts luxurious apartments, hotels, retail outlets, and dining options, fostering a “city within a city” concept.

Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024

Tenants at One Za’abeel benefit from dual licensing options, accommodating both DWTC free zone and mainland operations. This flexibility, combined with the potential for businesses to use credentials from both licensing options, opens the doors for virtual asset companies to thrive under the DWTC Authority.

Leasing is jointly managed by CBRE and JLL. While Mathews refrains from disclosing specific lease rates, top-tier office spaces in DIFC and on Shaikh Zayed Road typically lease for between AED 250 and AED 350 per square foot.

Read this also : Waldorf Astoria Residences Dubai Downtown: The First Standalone Residence Outside the United States

Mathews notes strong interest from multinational corporations for longer leases, aiming to curate a diverse tenant mix at One Za’abeel, ultimately creating a complete ecosystem within the development.