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she said The house In an Abu Dhabi Securities Exchange disclosure, the deal is considered one of the largest acquisitions of commercial towers registered in the Dubai International Financial Center.
She said the tower, which is expected to be completed in 2028, will include office and retail space spread over 40 floors, alongside a pedestrian bridge connecting it to the Dubai International Financial Centre.
This deal reflects commitment.”Aldar real estateExpanding its premium commercial portfolios, it said in a statement.
On this occasion, Talal Al Dhiiebi, CEO of Aldar Properties Group, said: “Our expansion in… Dubai International Financial Center An important step in our growth journey, as it allows us to build a presence in the leading financial center in the emirate. The importance of this acquisition is not only limited to the diversification of our commercial portfolio, but also contributes to meeting the growing demand for high-quality office space in the light of favorable conditions at the macroeconomic level and the prominent position of the UAE as a global business center. . As we continue to expand in Dubai, this tower will represent one of our key strengths by providing flexible commercial spaces that meet the growing needs of regional and multinational companies.”
In the region, there was a significant increase in demand for commercial space, which resulted in an increase in average rents of 15 percent compared to the previous year.
It is important to note that Aldar Properties recently purchased the 6 Falak premium category office building in Dubai and announced the development of a joint mixed-use project with the city. Expo Dubai.