Downtown Dubai has recently witnessed its largest property deal of the year, with Driven Properties acquiring the prestigious Emaar Square Building 3 for Dh 505 million. Spanning an impressive 378,885 square feet, this prime office building is located in the heart of Downtown Dubai, making it a highly sought-after address for businesses looking for visibility and prominence.
A Prime Location for Business Growth
Emaar Square Building 3 is known for its premium office spaces, which are in high demand but limited in this prime location. The acquisition by Driven Properties ensures that businesses can secure exceptional office environments designed to foster growth. As Dubai continues to establish itself as a global business hub, Driven Properties is playing a key role in shaping the city’s commercial real estate landscape.
Driven Properties’ Commitment to Growth
Abdullah Alajaji, founder and CEO of Driven Properties, emphasized the significance of this acquisition, stating that relocating the company’s headquarters to Emaar Square 3 marks an important milestone for the business. He explained that being in such a central location, surrounded by innovation and opportunity, aligns with the company’s ambition to contribute to Dubai’s dynamic business environment.
A Thoughtful Expansion Strategy
Hadi Hamra, managing partner at Driven Properties, explained that the purchase was made through a dedicated fund, ensuring a well-planned and thoughtful expansion for the company. Relocating the headquarters to such a prestigious location also strengthens Driven Properties’ position as a leading and trusted player in Dubai’s competitive real estate market.
Impact on Downtown Dubai’s Commercial Real Estate
This acquisition is expected to have a significant impact on Downtown Dubai’s commercial real estate scene by providing much-needed premium office spaces. Driven Properties’ presence in the area will attract more leading businesses, contributing to the continued growth and vibrancy of one of the world’s most exciting business districts.
A Strong Track Record in Dubai’s Real Estate Market
Driven Properties is known for brokering some of the most prestigious properties in Dubai, including iconic projects like the Sea Mirror Villa on Jumeirah Bay Island and the Rixos Financial Center Road Dubai Residences. With this latest acquisition, Driven Properties further solidifies its reputation as a key player in Dubai's real estate market.
