DIP grows with 280 new sub-tenants in the first four months of 2017

Dubai Investments Park [DIP], the unique integrated commercial, industrial and residential community in the Middle East and a wholly-owned subsidiary of Dubai Investments PJSC, has announced that 280 new sub-tenants have leased premises within DIP between January and April 2017, reinforcing its surging reputation as the preferred and most sought-after business destination in region.

The new leases during the period under review included 219 warehouses, 38 offices and 23 commercial units, bringing the total number of operational companies within DIP to over 4,880 – covering a wide range of industries, from medium to light industrial units in aluminium, steel, chemicals, pharmaceuticals, textiles, plastics, oil & gas, construction, building materials and contracting sectors.

The leases included new and old tenants, who expanded their warehousing spaces within DIP. These included Transguard Group LLC, Azadea Group, ETA Melco Elevators Co LLC, Hilti Emirates, Chef Middle East, among others. Over 95% of DIP land is leased and 98% of its industrial zone is occupied.

The surge in tenants reflects the growing eminence of DIP, driven by its strategic location, state-of-the-art facilities, business-friendly environment and world-class logistics.

Omar Al Mesmar, General Manager of DIP, said: “The spurt in the number of sub-tenants in the January-April 2017 period is a very encouraging sign for DIP’s growth plans. Over the last 19 years, DIP has played a pivotal role in attracting companies and industries from across the region and the globe. DIP’s proximity to Expo 2020 site and Dubai South also makes it the preferred destination for both investors and end-users.”

Al Mesmar added: “DIP has consistently developed its road network, with increased accessibility to and from the park with the new Al Houdh Interchange, besides upgrading its infrastructure, services and facilities and coupled with this, the proposed Dubai Metro Route 2020 line passes through DIP, all of which continue to attract new tenants into the development.”

Born out of a pioneering vision by Dubai Investments, DIP is today a booming community, accentuated by over 12,000 residential units, 90,000 residents, 20 million square feet of office space, 18 showrooms, six schools, five operational hotels, besides 20 residential buildings and a large of staff accommodation.

DIP offers a wide array of warehousing, storage and commercial facilities for large, medium and small-sized enterprises; as also dedicated plots where companies can custom-build warehouses.

Over the years, DIP has spent over AED 4 billion in enhancing and improving the infrastructure to international standards, which includes 140-km of internal road network and well-integrated water and electricity systems, the best of hospitals, educational institutions, hotels, retail outlets, supermarkets and other lifestyle necessities.