Dubai community adds 280 sub-tenants in 2017

The agreements inked between January and April this year covered 219 warehouses, 38 offices, and 23 commercial units

DIP added 280 sub-tenants between January and April 2017. [Image: WAM]
DIP added 280 sub-tenants between January and April 2017. [Image: WAM]

Dubai Investment Park (DIP) registered 280 sub-tenant leases between January and April 2017. 

The agreements covered 219 warehouses, 38 offices, and 23 commercial units. 

Accordingly, the number of companies operating within DIP has crossed 4,880, covering sectors such as metals, building materials and construction, chemicals, textiles, and oil and gas. 

Remarking on the development, 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.

"DIP’s proximity to Expo 2020 Dubai site and Dubai South also makes it the preferred destination for both investors and end-users."

A wholly owned subsidiary of Dubai Investments, DIP is one of the locations through which the proposed Dubai Metro Route 2020 line would pass. 

Al Mesmar attributed the locality's facilities and consistent infrastructure updates as key factors that have attracted new tenants, WAM reported.

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