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.
Dubai’s office market continued to witness limited demand in the first quarter of 2019, this has meant that pressure on offices rents in Dubai has been sustained over this time period, leading to further softening in the market.
Bahrain continues to be an attractive location for firms looking to setup a base in the GCC. Particularly as the region’s largest economy, Saudi Arabia, continues to open up. Bahrain will increasingly be considered as a hub location given its direct access to Saudi Arabia via the King Fahd causeway and growing number of direct flights from its new terminal in Q4 2019.
Bahrain’s commercial office market continues to be dominated by weak occupier demand coupled with oversupply, a legacy of the 2001 to 2007 construction boom. This supply-demand imbalance has endured since 2010 when the full effects of the global economic downturn hit Bahrain.