Dubai Metals and Commodities Centre (DMCC) witnessed a good response for its freehold commercial property, the Almas Tower, with units being completely sold out in just one day.
The DMCC offered businesses 100% ownership as a free zone company and ownership of business premises on a freehold basis. Commercial space in the tower was initially limited to companies registered as DMCC members engaged in the gold, diamond and commodities trade.
Total saleable area in the Almas Tower was over 725,000 square feet and was sold to a number of clients including leading businesses such as Rosy Blue, GIA, Eurostar, the Love Diamond Company, Tache and Kristall, along with leading regional players Damas, Taiba and Al Romaizan in the gold and diamond sector, Gulf News reported.
Ahmad bin Sulayem, DMCC chief operating officer, said the response is indicative of the market trust both in and outside the region in the future of Dubai as a key hub in the trade of gold, diamonds and commodities.