A prime Grade A, mixed-use office and retail building strategically located at TECOM Free Zone on Sheikh Zayed Road, one of the most beneficial locations for business in Dubai.
Strategically located within TECOM on Sheikh Zayed Road, The One Tower is situated directly on the Metro Line (red) with interconnected access to Dubai Internet City Metro Station.
The building benefits from direct access from TECOM C and is supported by arterial roads linking into Sheikh Zayed Road, Hessa Street, Al Khail Road and Emirates Road.
The retail element provides flexible shell and core accommodation across ground and 7th floor terrace levels allowing for brand exposure to Sheikh Zayed Road and Metro link users as well as the office tenants and other TECOM occupiers.
There is also the opportunity for a health club/ gymnasium occupier and business centre operator to occupy the 45th and 43rd floors respectively, providing uninterrupted, panoramic views of Dubai.
Abu Dhabi’s economy seems to have turned a corner, as positive economic growth returns to the capital. But despite this, demand in the occupier market remains subdued.
Results for the year ended 31 March 2019
• Group turnover down 2% to £517.4m (2018: £525.9m)
• Group profit before tax down 11% to £148.4m (2018: £166.7m)
• Strong balance sheet with net assets at £260.8m (2018: £262.9m)
The global economic backdrop continues to be dominated by economies which are experiencing prolonged economic growth amid a low-interest-rate environment. The current US economic cycle, at more than nine years, is currently double the average length of the previous 33 economic cycles. This trend is not limited to the US; the UK is also nine years into its recovery and Australia is more than 27 years into its cycle.