|11 February, 2020

Dubai Investments Park sees $11.4bln investment over two decades

DIP is a booming community, with over 12,000 residential units, more than 160,000 residents, 6 schools, 5 operational hotels

Image of Dubai skyline used for illustrative purpose.

Image of Dubai skyline used for illustrative purpose.

Gettyimages

Dubai Investments Park (DIP), the unique integrated commercial, industrial & residential community wholly-owned by Dubai Investments, said that it has attracted investments in excess of Dh42 billion ($11.4 billion) over two decades.

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 per cent of the total leasable land area of 17 million sq m 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,” said, Omar Al Mesmar, general manager, Dubai Investments Park.

“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.”

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 imitated efforts towards the enhancement of various infrastructure facilities and has invested in excess of Dh1.5 billion only towards development of infrastructure.

As part of DIP’s concerted efforts, an amount of approximately Dh125 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 one year. – TradeArabia News Service

Copyright 2020 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.