Wednesday, July 16, 2014

Spreading over the huge area of 2300 hectares; Dubai Investment Park (DIP) seats among Dubai mega projects. The master planned community is self-sufficient to provide complete lifestyle facilities for residents and business facilities for entrepreneurs. It is the largest mixed-use industrial, residential and commercial community of Middle East, that provide leasing and subleasing facilities for foreign investors. Recently during the first three months of year 2014, the development showed record rises in property transactions as compared to year 2013. Total of 367 transactions were recorded for the month of March comprising 352 sub leasing and 15 for transfers.  And for the months of February and January the total transactions were 376 and 260 respectively.

Property transaction boost at DIP

In fact the property transactions in Dubai were on rise soon after the magnificent win of EXPO 2020. During the month of December 2013 the project showed total of 400 plus transactions including 381 for subleasing and 19 for transfers.  World-class state of the art infrastructure and close proximity to the Expo site are the reasons for this phenomenal increase in number of property transactions. Dubai Investment Park is efficiently reaping the benefits of world Expo, which is going to be held in 2020. Having compared the total number of transactions for year 2013 from the month of January till November demonstrated that property transactions during three to four months of year 2013 showed sizeable rise of 50%. If we look at the numbers 2,900 transaction were recorded during 2013, whereas 1,003 transactions with a value in excess of Dh280 million were observed only in first quarter of 2014.

Expo 2020 win and infrastructure enhancements at DIP

Besides this increase in number of transactions, Expo 2020 also led to several infrastructural projects in and around the event site. As DIP is not only located very near to the event site but it is also close to other infrastructure projects like Jebel Ali Port and the Al Maktoum International Airport at Dubai World Central, it also started working on its own infrastructure project i.e. DIP phase 8 that spread over 2.8 million square feet. After its completion the development will serve as the hub of logistic activities. In order to fulfill the growing demands, the project is working strategically to expand wide range of facilities like schools, hotels, offices, showrooms, mosques, factories, warehouses and industrial facilities along with residential and staff accommodation.

Rise in transactions and short leases of DIP attract investors to make investments. Short leases for industrial assets give complete piece of mind to investors. It has been observed that industrial areas could be replaced to other areas as the city grows.

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