Built to inform

Sign up for the daily newsletters

No, Thank you

Dubai's Lootah Real Estate to co-build 28ha Senaeyat industrial hub

Dubai Industrial Park-based development kicked off with 49-year land lease for Phase 1, which spans 9.3ha

Dubai Industrial Park and Lootah Real Estate will co-develop a new 28ha industrial hub.
CW Archives
Dubai Industrial Park and Lootah Real Estate will co-develop a new 28ha industrial hub.

Dubai Industrial Park has inked a long-term agreement with Lootah Real Estate Development to build Senaeyat, a 28ha industrial project.

The partnership includes a 49-year lease for a 9.3ha land plot that will make up Phase 1 of the project. The first phase will comprise industrial units ranging from 1,860-5,574m2. 

Speaking on the deal, Saud Abu Al-Shawareb, managing director of Dubai Industrial Park, said: “Driven by our mandate to grow the industrial sector, we are committed to fulfilling the requirements of the developing market and our partners through dedicated business support, integrated scalable solutions, and world-class infrastructure.”

Saleh Abdullah Lootah, executive director of Lootah Real Estate Development, added the move “signifies an important step for Lootah Real Estaet Development in entering the industrial market segment”.

He added: “It’s exciting to be part of the iconic facility of Dubai Industrial Park, which will add value to UAE businesses wishing to relocate to establish industrial units that suit their current and future needs.”

Most popular


Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to


Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE

Latest Issue

Construction Week - Issue 749
Sep 15, 2019