Driven Properties has added Emaar Square Building 3 to its portfolio through a US $137mn acquisition. Spanning at 378,885sqft, the acquisition stands as the largest real estate deal in Downtown Dubai this year and highlights Driven Properties’ dedication to addressing the high demand for premium office spaces in the city’s most coveted area.
Premium office spaces in this prime location being highly limited, Driven Properties’ strategic acquisition ensures that companies can secure environments designed to foster growth, said a statement.
Abdullah Alajaji, Founder and CEO of Driven Properties said, “As Dubai continues to establish itself as a global business powerhouse, Driven Properties is committed to playing a key role in shaping the city’s commercial real estate landscape. Our investment demonstrates our unwavering commitment to excellence and our proactive approach to meeting market demands.”
“By expanding our portfolio with this landmark building, we’re not only enhancing our offering but also supporting the ambitions of businesses that make Dubai so dynamic. Moving our headquarters to Emaar Square 3 is a significant step for us—it places us right at the centre of the action, where innovation and opportunity thrive,” Alajaji stated.
Hadi Hamra, Managing Partner at Driven Properties added, “The purchase was made through a dedicated fund, ensuring a thoughtful expansion for Driven Properties. Relocating the company’s headquarters to Emaar Square 3 not only signifies growth but also reinforces Driven Properties’ reputation as a trusted and influential player in Dubai’s competitive real estate market.”
This acquisition is set to make an impact on Downtown Dubai’s commercial real estate scene by providing much-needed premium office spaces. Driven Properties is poised to attract leading businesses to the area, contributing to the continued vibrancy and economic growth of one of the world’s most exciting business hubs, the statement concluded.