Central Park Towers, the largest single-owned office development within Dubai International Financial Centre’s Free Zone, has announced the signing of 21 new lease agreements in 2020 involving more than 110,450 sq ft area. 

 

The mixed development property continues to grow year after year as DIFC's most desirable location for businesses due to its attractive lease terms, unmatched amenities and services, said a statement from its developer Arady Developments.  

 

The bespoke office complex is home to more than 90 companies and is one of the largest in DIFC with 855,682 sq. ft. of office space. 

 

Despite the global economic headwinds, Central Park Towers witnessed positive leasing results last year, and continued attracting new tenants looking for a combination of premium office space, a convenient location offering value for money, and flexible and attractive lease terms within Dubai’s business community. 

 

Last year, Central Park Towers was home to 26 per cent government entities and 74 per cent private companies, demonstrating the development’s unmatched proposition due to its central location, unparalleled services, better parking ratio for employees and visitors with a myriad of retail offerings, stated Arady Developments.

 

Central Park Towers is a booming office destination chosen by many government organisations, financial institutions and international institutions. It houses two key government departments: the UAE Federal Tax Authority and the UAE Ministry of Economy, it added. 

 

CEO and Chairman Arady Developments said: "The sustained growth delivered last year is testament to the unique proposition of Central Park Towers. In 2020, we observed that more and more companies and government entities are selecting it as the result of the unparalleled value we provide to our discerning clients through our unique offering that combines location, efficiency, and world-class standards of design and amenities."

 

"With the growing demand for convenient and practical office spaces, Central Park Towers epitomizes convenience with its designed and furnished spaces that allow businesses to be operational immediately," stated the Arady Developments chief. 

 

"Building on this momentum and by leveraging our highly effective and holistic model with our sustainable strategies, it is well-positioned for sustainable growth and success in 2021 and beyond," he added. 

                                                                                     

On the successful leasing strategy for the development, Nemo Stojanovik, Head of Leasing at Central Park Towers, said: "We’ve had fantastic leasing success at Central Park Towers and delighted to add 21 new lease agreements. These partnerships are a testament to our commitment to provide an ideal combination of convenience and value, along with the highest health and safety standards."

 

"We have seen a growing interest amongst tenants for a versatile space, which caters to needs while creating opportunities. At Central Park Towers, work, life, and leisure happen simultaneously, interwoven with the most vibrant financial neighbourhood in Dubai – DIFC," he added.-TradeArabia News Service