One Central completes commercial and retail development


December 27, 2018 | By RetailME Bureau

Dubai World Trade Centre’s (DWTC) One Central, a lifestyle development in the heart of Dubai’s Central Business District, has completed the last phase of its commercial and retail development with the delivery of The Offices 4 and 5, ahead of schedule. With this release of 742,000 sqft of Grade A office space, the commercial and retail component is now complete. The total completed commercial and retail space in One Central spans 1.72 million sqft, with a four-level basement of 4,380 parking spaces.

The rapid pace of development of Dubai’s newest free zone business district reaffirms DWTC’s role as a destination developer and is set to further draw international businesses to set up base in Dubai. One Central offers an interconnected space, seamlessly integrating offices, retail, residences, hotels and a wide variety of F&B offerings to DWTC’s mega-events venue and the wider city through a world-class transportation network.

Coupled with the 588 room Ibis One Central Hotel, and The Offices 1, 2 and 3 which were completed in the last three years, One Central is already home to a variety of blue-chip tenants from the fields of oil & gas, finance, insurance, tourism and management consulting, demonstrating value for the development as a premium destination in the city with its advantageous location.

“Through place making and place management, we have created a new top-of-mind vibrant urban destination with One Central, one that offers a competitive advantage with excellent locational connectivity. It is designed to address the evolving needs of the business occupier, multinational corporations and the evolving needs of the business traveller, and is gaining significant interest from global and local companies. One Central’s business-friendly regime, and a carefully master-planned mix of corporate offerings, retail and hospitality, offers unique lifestyle experiences in line with placing Dubai on a global map as an iconic destination to live, work, play and connect,” says Gurjit Singh, senior vice president – real estate at DWTC.

The next phase of the development is AccorHotels’ 25hours Hotel Dubai One Central, scheduled to be completed by June 2020. The hotel will be making its regional debut of the German hospitality brand outside of Europe.

Once completed, One Central development will be a new urban destination with commercial office, retail, hospitality, residential, car park and open green spaces. Hotel accommodation will range from affordable hospitality, perfect for corporate stays, to premium accommodation for the leisure traveller.

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