DIP ... 17 million sq m of leasable area.
DIP land area virtually leased out
01 March 2020
Dubai Investments Park (DIP), a wholly-owned unit of Dubai Investments, says more than 97 per cent of the total leasable land area of 17 million sq m within the integrated commercial, industrial and residential community has been leased out.
DIP points out that the masterplanned complex, designed and developed to provide facilities that set new standards in the region, has attracted investments worth over Dh42 billion ($11.4 billion) within two decades.
Considered one of the largest integrated developments in the Middle East, DIP is today a booming community, with over 12,000 residential units, more than 160,000 residents, six schools, five operational hotels as well as serviced apartments, a hospital and four clinics, 313 staff accommodation buildings, 20 million sq ft of office space, more than 4,200 tenants, 645 warehouse factories and industrial facilities, 25 office buildings, and 18 showrooms.
According to general manager Omar Al Mesmar, Dubai Investments Park has invested in excess of Dh1.5 billion only on development of infrastructure.
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