DMCC and SWEID & SWEID launch landmark grade-a office development in JLT district – Business – Real Estate

DMCC – the world’s flagship free zone and Authorities of Dubai Authority on commodities commerce and enterprise, and Sweid & Sweid, a outstanding Dubai-based worldwide actual property developer, have introduced the launch of a brand new Grade-A business workplace area venture, Sweid One, within the coronary heart of its vibrant Jumeirah Lakes Towers (JLT) district.

Set for completion in 2026, the five hundred,000 sq. ft venture might be developed to Sweid & Sweid’s state-of-the-art architectural design and venture specs, complementing its present suite of profitable business developments, that are residence to many main multinational establishments together with Visa, Oracle and Google.

With DMCC’s worldwide enterprise district rising at report ranges in recent times, the brand new constructing is a response to the market demand for brand new premium workplace area, providing its tenants a wide selection of meals and beverage choices, ample customer parking, sweeping panoramic views and twin entry from each JLT’s Sarayat and First Al Khail Streets.

Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC, mentioned: “With new state-of-the-art services throughout 500,000 sq. ft of Grade A workplace area, Sweid One is a mirrored image of DMCC’s current record-breaking development and our dedication to offering much more world-class choices for the worldwide enterprise neighborhood on the coronary heart of Dubai. Sweid One completely aligns with the imaginative and prescient we have now for JLT and we’re thrilled to associate with Sweid & Sweid as we proceed to broaden and constitution extra thrilling development for the district.”

Maher Sweid, Managing Accomplice at Sweid & Sweid, commented: “Sweid One isn’t just one other addition to our in depth portfolio, it signifies the initiation of a brand new period of development and enlargement for the agency. Within the face of difficult traits affecting business workplace area within the west, notably america, Sweid & Sweid stays steadfastly optimistic in regards to the prospects of the business actual property sector in Dubai and its enduring enchantment and resilience as a regional hub for a lot of companies.”

“The venture has been designed to cater to future office traits and DMCC’s vibrant enterprise ecosystem, providing a variety of tenant areas – from 500 sq. foot totally fitted micro-suites to 27,000 sq. foot full flooring places of work. Sweid One may even be incorporating environmentally accountable initiatives and concentrating on LEED certification,” he added.

JLT has grown to change into one of many main mixed-use communities within the area. Central to its enchantment for residents and guests is its various providing of leisure, hospitality, eating and recreation services. From F&B pop-ups to five-star eating, and neighborhood markets to high-end retail, JLT presents one thing for everybody.

In its dedication to catalysing enterprise development and enlargement, DMCC continues to play a significant position in advancing the business scene in Dubai. By means of the event of unparalleled infrastructure and the help of a vibrant enterprise neighborhood, DMCC accounts for 11% of the overseas direct funding (FDI) to Dubai.

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