Built to inform

Sign up for the daily newsletters

No, Thank you

Lootah offers Senaeyat warehouses near DWC, Expo 2020 Dubai site

Lootah Real Estate Development is backing the 27.9-hectare pre-built warehouse project in Dubai Industrial Park

Lootah's Senaeyat is located in DIP.
CW Archives
Lootah's Senaeyat is located in DIP.

Lootah Real Estate Development, a subsidiary of Dubai-based Lootah Group, has launched the Senaeyat Industrial Hub comprising pre-built warehouses in Dubai Industrial Park, close to the Expo 2020 Dubai site and Al Maktoum International Airport (DWC), under a lease-to-own agreement model.

The newly formed entity will be offer businesses full ownership of the warehouses for 10 years.

Lootah said in a statement it had acquired 27.9ha of land for the new company to operate from for a 49-year period.

Commenting on the move, chief executive officer of Lootah Real Estate Development, Saleh Abdullah Lootah, said the agreement model would allow businesses to convert "operational costs into assets".

Phase 1 of the land delivery process will see 19.2ha handed through warehouses with built-up areas of 1,858m2 to 3,345m2. 

Meanwhile, the second phase of the project's land delivery will include warehouses ranging up to 5,574m2, with a total handover area of 18.5ha.

Most popular


New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony


Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019