Firms strike deal to lease space at Business Park area of emerging 145 sq. km. airport city
CBRE and JLL have struck agreements to market offices in the Business Park district of Dubai South, the emirate’s emerging 145 sq. km. airport city.
The property consultancies signed deals to lease space at the free zone area to foreign firms, Dubai South authorities said in a statement.
“The Business Park Free Zone currently comprises two million square feet of office space spread across 11 buildings; our offering is competitively priced and versatile enough to suit the unique needs of every kind of business model,” said Paolo Serra, VP of the Business Park at Dubai South.
The recently rebranded Dubai South, which was formerly known as Dubai World Central, is a massive master-planned development being built around the new Al Maktoum International Airport. It is close to the Jebel Ali Port and World Expo 2020 venue.
“The Dubai South Business Park Free Zone has already received interest from several companies across a range of industry sectors. This is due to its strategic location,” said Nicholas Maclean, Managing Director of CBRE Middle East.
Alan Robertson, CEO of JLL MENA, said that the free zone area is “well suited for foreign-owned companies of all sizes from start-ups to SMEs and large corporations.”