Material Handling Equipment Material Handling Equipment - SCLG

NEWS
DIP records colossal rise in commercial
space allotments in 2012
Dubai Investments Park (DIP), the largest
integrated business and residential
community in the Middle East, wholly
owned by Dubai Investments, registered
an 87 per cent increase in commercial
space allotments over a total leased area
of 1.6 million square feet in 2012. In all,
290 new companies joined the Park over
the calendar year, bringing the total tally
of tenants within the industrial and commercial
zones to 2,715.
The commercial interests in rental options
in the location have also seen a
steady increase, with office and storage
spaces attracting high demand. Through
the year, 220 warehouses, spanning over
1.4 million square feet were rented out.
Furthermore, an aggregate of 54 office
spaces comprising 87,000 square feet
and 16 showrooms at 100,000 square
feet were let out. The commercial spaces
at DIP are offered at competitive prices
that are highly preferred by prospective
clients. The additional benefits of quality
and ease of access within Dubai and
to potential markets in the neighbouring
emirates and the wider region make the
Park an ideal investment destination.
Omar Mesmar, General Manager, Dubai
Investments Park, commented: “Investor
confidence has returned to Dubai in a major
way, which is underlined by the progressive
changes taking place in the public
and private sectors. With businesses
looking to take calculated risks, based on
the lessons learned from 2008, their focus
is on using the best available resources in
the most optimal manner.”
The outlook for 2013 is promising for
the mixed-use development with the
educational institutions in DIP numbering
up to five and boasting an enrolment of
more than 6,000 students. This high uptake,
in turn, is influencing the demand
for residential properties within the Park,
which is also attracting a gamut of retail
offerings to serve the growing number of
residents at DIP.
Dubai Investments Park is one of the
largest business and residential communities
in the Middle East. Strategically
located within minutes from the Jebel Ali
Port and Al Maktoum International Airport,
DIP is a self-contained city offering
state-of-the-art facilities and world-class
infrastructure.
CIS, Eastern
Europe fuel
flydubai’s growth
Dubai’s passenger traffic from the
CIS and Russia increased by 34 per cent
year-on-year in the third quarter of 2012,
predominantly as a result of flydubai’s
on-going expansion. The low-cost airline
now operates to 16 destinations in
the region including Armenia, Azerbaijan,
Georgia, Kyrgyzstan, Macedonia,
Romania, Russia, Serbia, Turkmenistan
and Ukraine.
More than 40 per cent of flydubai’s
route development in 2012 concentrated
on CIS and CEE (Central and Eastern
Europe) regions. The figures were released
as the carrier launched five-times
weekly flights to Malé in the Maldives.
GCC business, with passenger numbers
up 65 per cent year-on-year, is another
key factor in the airline’s growth and it
now operates 265 flights per week to
Bahrain, Kuwait, Oman, Qatar and Saudi
Arabia.
Ghaith Al Ghaith, CEO, flydubai, highlighted
Dubai’s east-meets-west gateway
status, popular year-round tourist
appeal, and position as a financial and
logistics centre, as factors underpinning
its growth. The airline operates a fleet of
28 Boeing 737-800 aircraft.
February 2013
49