Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Investments Park transactions jump 50% in Q1  Join our daily free Newsletter

MENAFN - Khaleej Times - 18/06/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) The sharp surge comes amidst heightened demand and business optimism following dubais successful bid to host expo 2020.

dubai investments park (dip) – the largest integrated commercial industrial and residential community in the middle east has announced that the number of transactions for transfer and sub-leasing within the development have surged by over 50 per cent in the first three months of 2014.

the 2.8 million square feet dip phase 8 constructed across two stages is expected to be a hub for logistics services. — supplied photo

in march 2014 the number of transactions was 367 – including 352 sub-leasing and 15 transfers; february recorded 376 comprising 363 sub-leasing and 13 transfer transactions; in january there were 260 transactions which included 251 sub-leasing and nine transfers; while in december 2013 alone there were a total of 400-plus transactions consisting of 381 sub-leasing and 19 transfers.

the sharp surge comes amidst heightened demand and business optimism following dubai’s successful bid to host expo 2020. dip is reaping the benefits of its world-class infrastructure and proximity to the proposed expo 2020 site with the number of transactions registering phenomenal increase in the last three to four months. the total number of transactions in the january-november 2013 period was around 2900 with a value in excess of dh800 million. during the january-march 2014 period the total number of transactions was 1003 with a value in excess of dh280 million. omar al mesmar dip general manager said: “the positive impact of the expo 2020 is already visible and we are confident that we will be able to accelerate our growth in the coming months and years. our proximity to the expo 2020 site is a major advantage for prospective investors and the increased demand for our properties is testimony to this.”

the winning bid for expo 2020 is set to lead to a large number of infrastructural projects in and around the proposed site which is in close vicinity to dip. once complete the 2.8 million square feet dip phase 8 constructed across two stages is expected to be a hub for logistics services as a significant portion of land has been allocated for this sector. keeping in line with the growing demand from companies across industry verticals dip has been strategically expanding its extensive range of facilities which includes schools showrooms hotels offices mosques warehouses factories industrial facilities residential and staff accommodation.

— businesskhaleejtimes.com


Khaleej Times

  MENA News Headlines
 Nov 30 2015 - Kuwait oil minister leaves post days before Opec meetingGulf Times
(MENAFN - Gulf Times) Kuwait named Deputy Prime Minister Anas al-Saleh as acting oil minister to replace Ali al-Omair (pictured) who became minister of public affairs and retained his role as state ...

 Nov 30 2015 - Dana Gas wins $1.98bn Kurdistan judgementGulf Times
(MENAFN - Gulf Times) ...

 Nov 30 2015 - India's SpiceJet 'receives' interest from Gulf airlinesGulf Times
(MENAFN - Gulf Times) Indian budget carrier SpiceJet Ltd, which has surged more than 280% this year, said it's received interest from Gulf airlines looking to acquire a stake."Some of the Gulf ...

 Nov 30 2015 - Qatar- Investment in healthcare makes for a healthy economyGulf Times
(MENAFN - Gulf Times) Under the wise and dynamic leadership of His Highness the Emir, Sheikh Tamim bin Hamad al-Thani, the growth and improvement in quality of Qatar's health sector has been a major ...

 Nov 30 2015 - GCC should adopt a holistic approach to managing urban water supply: ExpertGulf Times
(MENAFN - Gulf Times) The GCC (Gulf Cooperation Council) region should adopt a holistic approach to managing urban water supply, according to an expert at the Qatar Environment and Energy Research ...

 Nov 30 2015 - Brent crude dips on firm dollar ahead of OPEC meetingGulf Times
(MENAFN - Gulf Times) Brent crude futures dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected US interest rate hike strengthened the ...

 Nov 30 2015 - India- Kerala expects more tourists from the GulfGulf Times
(MENAFN - Gulf Times) Encouraged by the response it received at the Arabian Travel Mart held in Dubai in May, Kerala Tourism is conducting a series of roadshows in the Gulf region.The tourism board ...

 Nov 30 2015 - Carson meets Syrian refugees, opposes them coming to USGulf Times
(MENAFN - Gulf Times) Republican presidential candidate Ben Carson, who last week compared Syrian refugees to "rabid dogs," met with refugees in Jordan on Saturday and urged the US government to do ...

 Nov 30 2015 - IS executes 3,500 in Syria since declaring 'caliphate'Gulf Times
(MENAFN - Gulf Times) The Islamic State group has executed more than 3,500 people in Syria, including nearly 2,000 civilians, since declaring its 'caliphate' in June last year, a monitor said ...

 Nov 30 2015 - 16 killed in fighting for south Yemen provinceGulf Times
(MENAFN - Gulf Times) Yemeni loyalists supported by a Saudi-led coalition battled on Sunday to oust Iran-backed rebels from a southern province where they have made gains in recent weeks, with at ...






Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help