Aldar Properties Group announced on Wednesday its plans to develop a premium luxury office tower on Sheikh Zayed Road next to the Dubai International Financial Centre.
The project includes the development of a premium luxury office tower with a net leasable area of 88,000 square metres, which will also include a luxury boutique hotel and branded residential units, offering visitors high-quality commercial spaces complemented by a high-end hospitality experience and a variety of dining options in a unique strategic location.
The tower is located on a prime freehold commercial plot, one of the last remaining undeveloped dual plots in this strategic location, and will feature premium quality office space that will be best in class, and its design aims to meet the highest standards of sustainability. The project, which is scheduled for completion and handover by Q4 2027, will provide seamless connectivity to the emirate’s major transport networks, as it is located within walking distance of the Emirates Towers Metro Station.
- Three main destinations
This project is the first of its kind for Aldar in the commercial real estate sector in the Emirate of Dubai, and comes as a continuation of its plans revealed in 2023 to develop a group of new commercial assets in three main destinations in Abu Dhabi, in response to the increasing demand from tenants from major regional and international companies from across the country.
Talal Al Dhiyebi, Group Chief Executive Officer of Aldar Properties, said: “Dubai represents a promising and important growth market for Aldar, and as such the Group will continue to strengthen its presence in the emirate’s key real estate asset classes. Building on Aldar’s success in the residential and logistics sectors in the emirate, we look forward to developing this unique office tower strategically located next to one of the UAE’s most prominent financial and business hubs. This project will leverage Aldar’s extensive experience and knowledge in developing distinctive real estate projects, and will meet the growing demand for office space from companies new to the market and others looking to relocate their headquarters to new destinations.”