Emaar signs agreement with Cluttons
Emaar Properties PJSC has announced that it had signed an agreement to appoint Cluttons, the international property agency, as the leasing agent for its Burj Dubai Business Hub.
The six-building Hub is part of Emaar’s Downtown Dubai Development and will be located at the heart of the Burj Dubai project.
The announcement confirmed that Emaar had signed a Memorandum of Understanding (MoU) to signal its intention to contract the London-based property firm to manage the leasing of the Business Hub’s space to corporate customers. A firm agreement is expected to follow in due course.
Naaman Atallah, Emaar Properties’ Director of Sales, said: “The group is committed to diversifying into related business lines, such as the Business Hub, to offer more options and choices for corporates, and further build value for its shareholders. We are confident that Cluttons can play an important role in consolidating Emaar’s position as the first-choice for corporate customers.”
The Business Hub, located off Sheikh Zayed road and in close proximity to the Dubai International Financial Centre (DIFC) and the World Trade Centre, offers state-of-the-art facilities. It is ideal for small to medium businesses looking for an accessible location. With ample parking spaces and easy access to all that the development offers, the Burj Dubai Business Hub is the address for enterprise and commerce.
Ron Hinchley, Cluttons Resident Partner, said: “This firm has consistently been associated with the most prestigious real estate projects in the world. We are pleased to be given this key role. The Business Hub will offer something new to clients and an array of services and facilities that is not available anywhere else in the emirate.”
The 500-acre mixed use Burj Dubai Development is Emaar’s most ambitious project to date combining commercial, residential, hotel, entertainment, shopping and leisure outlets in open green spaces dotted with lakes and numerous water features. Along with the Burj Dubai – the world’s tallest tower, the development will also include The Old Town, The Dubai Mall, The Old Town Island, The Boulevard, Burj Dubai Lake Hotel and Serviced Apartments, The Residences and Burj Views - all located on the banks of a spectacular man-made lake.