Tebyan Real Estate Development announced the launch of its first project in Dubai, Tebyan Clarity Tower, in a VIP event held at Park Hyatt Dubai, gathering the region’s most prominent investors and business figures seeking clarity of vision in the real estate industry, reflecting the project’s strategic importance in the UAE, as well as the strong regional interest it has already generated.
With a total value of AED 160 million, Tebyan Clarity Tower is more than glass and concrete, standing as a symbol of clarity and vision, a monument that the business community can look up to and be inspired by. The masterplan is painstakingly defined to create Dubai’s premier office tower with an ultra-modern urban environment located in the heart of Dubai.
Sheikh Adel Al Hussaini, Chairman, Tebyan Real Estate Development stated: “Tebyan Clarity Tower is the culmination of intense strategic planning and a unique vision, combined to create a new standard for real estate development in Dubai. The project's ability to draw commitment from world-class partners is testament to the meticulous masterplanning and the resulting investment opportunity offered by Tebyan.”
The tower is located at the TECOM Free Zone (ecompassing Dubai Media City, Dubai Internet City and Knowledge Village), off Sheikh Zayed road, and provides end-buyers an opportunity to own their own office space. Increase in rentals have increased demand for freehold commercial space particularly those oriented in a free zone area.
“Dubai is attracting many International companies who are seeking to establish their businesses, particularly in Free Zones. These Free Zones customize policies and infrastructure for their respective activity type, thereby facilitating the set-up and management process, which are critical success factors for any organization in expanding its global presence. An endorsement of this trend is the high occupancy of all office spaces in existing Free Zones as well as in the city,” continued Sheikh Al Hussaini.
Naji Alia, Managing Director, Tebyan Real estate Development, said: “The business environment in Dubai is geared towards offering freedom and convenience to all companies looking for long term benefits from the wide spectrum of opportunities that the city has to present. The creation of premium branded office space is an endeavor to attract organizations of International repute and provide them an extensive range of advantages ranging from asset build-up to appreciation leading to growth,”
Tebyan Clarity Tower is strategically designed so as to accentuate the view of the luxury office units overlooking the landscape area of TECOM. The tower features 14 highly designed office floors, 24 hour security surveillance, three high-speed elevators, pantry and bathroom set up for each of the seven offices located on each floor, in addition to a spacious retail area and coffee shops on the ground floor.
The construction of Tebyan Clarity Tower will commence on site in early 2007 and is expected to complete by the last quarter of 2008. Richville, worldwide sales and marketing advisors, will handle the projects’ sales and marketing across the region.
Operating with a very aggressive growth vision and a mission to deliver clear and unique real estate opportunities, Tebyan’s goal is to become the most respected and trusted developer in the region.
Tebyan’s record of accomplishment includes several mega projects in Saudi Arabia, Jordan and Dubai, including unique residential, office and hotel projects in Dubai and other cities in the region. Additionally, Tebyan will launch projects worth over AED 3 billion over the coming 2 years including 40-building community at IMPZ, 2 towers in Dubai Marina, 2 towers in TECOM and 2 towers in Silicon Oasis.
