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Al Habtoor Group secures services of Asteco as sole agent for uniquely positioned commercial building in enviable Dubai Marina location.
Asteco, one of the region's leading real estate consultancy and property management firms, has been appointed the sole leasing agent for the Al Habtoor Business Tower, one of Dubai's most prestigious and sought after addresses.
Within close proximity to JBR and with views over Dubai's iconic coastal developments including Palm Jumeirah, Burj Al Arab and the Arabian Gulf, the 37-storey Al Habtoor Business Tower is one of only two commercial buildings in Dubai Marina.
The exclusive development boasts a range of facilities and services including three floors of parking, F&B and leisure incentives for the neighbouring Habtoor Grand Beach Resort and Spa as well as a range of office configurations to suit differing client requirements. Available office space ranges from a minimum of 1,600 square feet to full floor options of 7,000 square feet. Prices start from AED140 per square foot which includes service charges, and all utilities.
"Al Habtoor Business Tower is in a prime location in the bustling Dubai Marina. Given the population density and large talent pool in the area, the tower represents an ideal opportunity for businesses looking to make the Sheikh Zayed Road commute irrelevant. In addition to location and the spectacular coastal views, the office space is well laid out with a wide range of quality fittings and finishes.
"One of the most common enquiries we receive is for fitted office space of between 1,500 and 2,000 square feet, therefore Al Habtoor Business Tower's new offering of smaller units represents an ideal match for the current market demand," said Sean McCauley, Director - Agency, Asteco Property Management.
The business tower has built a solid reputation with corporate tenants and is currently home to a range of foreign consulates, multi-national corporations and investment firms. Current and prospective tenants also benefit from the tower being solely owned and as such have one point of contact for all business needs.
The Al Habtoor Business Tower appointment underscores Asteco's burgeoning partnership with the Al Habtoor Group having been appointed as sole leasing agent for the towers and retail outlets in the multi-billion dollar Al Habtoor City development. The Al Habtoor Group has grown at pace with the UAE, and whilst best known for construction, the company is recognised globally through its interests in the hotel, automotive, real estate, education and publishing sectors.
"Our association with Al Habtoor Group is a prime example of a relationship based on mutual trust and respect - criteria that has been imperative to Asteco's 30 year success story in the Middle East," added McCauley.
"We're delighted to once again be working with Asteco. The Al Habtoor Business Tower underscores a remarkable opportunity for businesses looking to set up or relocate to a prime position in Dubai's Marina. The Tower is just one of many projects that has contributed to our growth within the UAE whilst supporting the growth of the region through our economic fundamentals. As we celebrate 45 years of business with a number of key projects and partnerships, there is no reason why we can't replicate and build on this success for another 45 years," said Maan Halabi, Managing Director Al Habtoor Group
Dubai's office leasing market grew by 12% in 2014, gradually building momentum over the course of the year with Q4 recording the highest number of completed transactions. Tenants varied from small sized companies looking for smaller office space to large local and international companies expanding with requirements for over 10,000 square feet.
For enquiries please email HBT@asteco.com
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Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.
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© Press Release 2015
