|Real Estate News|
The Dubai Technology, E-Commerce and Media Free Zone (TECOM) is one of the most popular commercial freehold areas in the emirate. Divided into four distinct phases, including Dubai Media City (DMC) and Dubai Internet City (DIC), TECOM is home to hundreds of technology and media-related firms.
The benefits of buying office space in DMC include tax-free laws, 100% foreign ownership, easy processes for obtaining trade licenses, visas and work permits, advanced technological infrastructure and the opportunity to be located in an environment surrounded by companies in the same field.
Similar in appearence the Chrysler Building in New York City, the Business Central Towers, a mixed-use development, is one of the most prominent landmarks in DIC. The project features three basement levels, a ground floor and an eight-storey podium, and two 52-storey towers rising 44 floors above the podium. The roof structure of each building consists of approximately 1,200 tonnes of steelwork designed into arches, which support the spires.
The twin towers took only 22 months to complete, using the world’s leading three-dimensional structural steel detailing system.
At a total height of 265m, the towers include residential and commercial spaces. With reasonable access to Shaikh Zayed Road, the twin towers are visible from most locations within TECOM. Both towers were constructed by Al Shafar General Contracting Company and completed in 2008.
Also developed by Al Sharaf General Contracting Company, Al Shatha Tower in DMC is divided into 41 storeys of commercial office space and three basement
car parking levels. At the time of its completion in 2006, Al Shatha Tower was listed as the tallest tower in the TECOM
zone at 167m.
Built within a 20-month timeframe, Al Shatha Tower is now home to some of the most prominent firms in Dubai including Nokia Siemens Networks, PIC Solutions, Fatafeet TV and Delta Partner Group.
Also known as Al Jabar Tower, Media 1 Tower is one of the most popular commercial towers in Dubai Media City. The tower has a total structural height of 175m. Completed last year, Media 1 Tower comprises of two basement levels, a ground floor with lobby, a mezzanine floor, seven podiums, an eighth floor incorporating a business centre and one floor of restaurants.
Storeys 10 to 20 of the 40-storey tower are home to The Square, Media 1 – a four-star hotel catering to business clients, while the rest of the building houses commercial offices. Dewan Al Emara were the lead architects for the tower, which is a Dh300 million mixed-use property with a built-up area of 75,371m².
The tower features ample parking bays for staff who work in the building, with one basement floor and seven podiums custom-built for business executives. The offices, which can be accessed through a separate entrance on the ground floor, feature state-of-the-art technology and connectivity and multiple elevators exclusively for commercial use.
The fastest elevators in the tower move at a speed of 5m/s. Located at the main entrance of the free zone, the tower, often referred to as the gateway building to DMC, was designed while the entrance was being constructed.
With their beehive styled rooftops, these towers are among the most recognisable buildings in DMC. Geometrically designed with arcs, domes and cupolas, the buildings are commercial and mixed-use.
The higher, 30-storey tower is a Rotana-run hotel with 167 furnished hotel apartments. The second tower is an upscale commercial building and features both leasehold and freehold offices. Spread over an area of 100,000m², this property features elements of Moroccan architecture.
The 14-storey office tower houses the likes of BMG, Flip Media, PKF Consulting House, August Brand Strategy and Corporate Design, Cadiz Middle East Design and Live Nation.Facing the Dubai Media City entrance from Al-Sufouh Road, the Arjaan Towers are located 2km from the Emirates Golf Club and 15km from the Dubai International Financial Centre (DIFC).