UAE News Today : Business

DMCC and SWEID & SWEID launch flagship Grade A office development in JLT district

DMCC – the emblematic free zone of the world and Dubai Government Authority on commodity trading and business, and Sweid and Sweida leading international real estate developer based in Dubai, has announced the launch of a new Grade A commercial office space project. Swid onein the heart of its vibrant Jumeirah Lakes Towers (JLT) district.

The 500,000-square-foot project, scheduled for completion in 2026, will be developed to Sweid and SweidThe state-of-the-art architectural design and project specifications complement its existing suite of successful commercial developments, which are home to many leading multinational institutions including Visa, Oracle and Google.

With DMCCAs Mexico’s international business district has grown to record levels in recent years, the new building is a response to market demand for new premium office space, offering its tenants a wide range of food and beverage options, ample visitor parking, expansive panoramic views and dual access from JLT’s Sarayat and First Al Khail streets.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, saying:

“With new state-of-the-art facilities across 500,000 sq ft of Grade A office space, Sweid One is a reflection of DMCC’s recent record growth and our commitment to providing even more world-class options for the international business community in the heart of Dubai. “Sweid One aligns perfectly with the vision we have for JLT and we are delighted to partner with Sweid & Sweid as we continue to expand and deliver more exciting growth for the district.”

Maher Sweid, managing partner of Sweid & Sweidcommented:

“Sweid One is not simply another addition to our extensive portfolio, but marks the beginning of a new era of growth and expansion for the company. In the face of challenging trends affecting commercial office space in the West, particularly in the United States United, Sweid & Sweid remains firmly optimistic about the prospects of commercial real estate in Dubai and its enduring appeal and resilience as a regional hub for many corporations.”

“The project has been designed to cater to future workplace trends and DMCC’s vibrant business ecosystem, offering a wide range of tenant spaces, from 500 sq ft fully-equipped micro suites to 27,000 sq ft full-floor offices. . Sweid One will also incorporate environmentally responsible initiatives and aim for LEED certification.”

he added.

JLT has grown to become one of the leading mixed-use communities in the region. A central element of its appeal to residents and visitors is its varied offering of leisure, hospitality, catering and recreation facilities. From pop-up food and beverage venues to five-star restaurants, community markets and high-end retailers, JLT offers something for everyone.

In its commitment to catalyzing business growth and expansion, DMCC continues to play an important role in advancing the business scene in Dubai. Through the development of unparalleled infrastructure and the support of a vibrant business community, DMCC It represents 11% of foreign direct investment (FDI) in Dubai.

News source: Dubai Press Office

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