SWEID & SWEID Development, a Dubai-based boutique real estate firm, has commenced work on a new commercial building in the heart of Dubai Internet City (DIC) in Dubai.
Called The Edge, the building will cater to multinational and regional companies seeking modern and efficient office space, offering boutique offices while also addressing demand for single-owner, large and continuous commercial space in the city.
Chairman Mohannad Sweid said: “Following our success in delivering bespoke commercial space in Cairo, we believe a similar, institutional-grade product will be well absorbed by the market. DIC remains to be one of the most sought-after locations for major multinational corporations, given its low density, proximity to Sheikh Zayed Road, and surrounding residential communities such as Dubai Marina, Tecom C and JLT (Jumeirah Lake Towers).
“We believe The Edge will distinguish itself as a single-owned, highly efficient, modern product that falls in line with market demand. We have been careful not to rush to construction and take our time during the design process to ensure that we will be delivering exactly what the market needs, and setting a new benchmark for development in DIC in terms of quality and efficiency.”
The building will have 100,000 sq ft of gross floor area, stretched out over seven storeys including retail areas on the ground floor. It will boast over 80,000 sq ft of underground parking to offer its tenants one of the highest parking-to-office ratios in the area. It has been designed by Brewer Smith Brewer Gulf (BSBG), a leading architecture, engineering and interior design group, which has also been involved with other projects such as The Opus, which is currently under construction and the recently completed The Beach at Jumeirah Beach Walk.
The building is due to be completed and ready for occupation at the start of 2016.