Dubai Multi Commodities Centre (DMCC) and Sweid & Sweid have announced the launch of a new Grade-A commercial office space project, Sweid One, in the heart of Jumeirah Lakes Towers (JLT) district, it was announced on Thursday.
The 500,000-square-foot project is set for completion in 2026.
“With new state-of-the-art facilities across 500,000 square feet of Grade A office space, Sweid One is a reflection of DMCC’s recent record-breaking growth and our commitment to providing even more world-class options for the international business community at the heart of Dubai,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC. “Sweid One perfectly aligns with our vision for JLT, and we are thrilled to partner with Sweid & Sweid as we continue to expand and charter more exciting growth for the district.”
JLT has grown to become one of the leading mixed-use communities in the region. Its diverse offering of leisure, hospitality, dining and recreation facilities is central to its appeal to residents and visitors.
“In the face of challenging trends affecting commercial office space in the West, particularly the United States, Sweid & Sweid remains steadfastly optimistic about the prospects of the retail real estate sector in Dubai and its enduring appeal and resilience as a regional hub for many corporations, said Maher Sweid, Managing Partner at Sweid & Sweid, commented.
“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 square foot fully fitted micro-suites to 27,000 square foot full floor offices. Sweid One will also be incorporating environmentally responsible initiatives and targeting LEED certification,” he added.