Potential new tenants can secure a 12-month leasing agreement in a range of flexible open plan, fitted and ready-to-move-in office spaces at a reduced rate of AED 90 per square foot for offices 1,000 sqft and under. All leasing contracts are fully inclusive of utilities such as DEWA and cooling charges as well as MPOWER plus service charges.
Occupancy at The Offices at Ibn Battuta Gate is currently sitting at 78% out of a total of 467 units. Currently, 40% of the office space is leased by general trading companies, 20% by technical services and the remainder are occupied by companies operating in the hospitality, tourism and educational sectors.
Abdulla Bin Sulayem, CEO, Seven Tides International, said: “For businesses, especially SMEs, positive cash flow is critical and as a result they are always looking for the best possible payment terms on office space.
“In addition to combining a very competitive price point with flexible payment options, as well as fully fitted and adaptable office space, our unique selling proposition remains our prime location.
“Expo 2020 is now just over eight months away and we are situated a mere 15 minutes’ drive or 30 minutes on the Metro, from the site, as well as the Jebel Ali Free Zones. Our prime location also provides quick and easy access to Dubai Investments Park, Dubai South and Al Maktoum International Airport, with Abu Dhabi just 60 minutes’ drive away.”
Looking at The Residences at Ibn Battuta Gate, which is also 78% occupied, we are seeing an increasing number of residents opting to live and work in the same location with Arabic, British and Indian tenants occupying 57% of the apartments.
“From as little as AED 78,173 spread over 13 months and inclusive of utilities, tenants can lease an unfurnished one-bedroom apartment with balcony which is adjacent to their office, or a two-bedroom apartment for AED 99,745 – minimising their daily commute,” added Bin Sulayem.
Both office and residential tenants can take advantage of a 20% food and beverage discount at the adjacent five-star Mövenpick Hotel Ibn Battuta Gate. The luxury hotel is also very convenient for executives visiting from overseas, as well as entertaining existing and prospective customers.
In addition, the popular Ibn Battuta Mall, the largest themed mall in the world which has close to 400 stores as well as a multi-screen cinema and a comprehensive food court, is only a short walk away.
“Meanwhile, at Discovery Gardens, Seven Tides’ modern residential community that offers a cosmopolitan way of living, tenants can secure a one-bedroom apartment with balcony for as little as AED 57,000 spread over 13 months and inclusive of utilities,” said Bin Sulayem.
Looking at the lifestyle choices, Discovery Gardens features a host of swimming pools, tennis courts, children’s play areas, basketball and volleyball courts, as well as a mosque, and trails for both cycling and jogging.