Al Tamimi Investments Race Ahead with their First Freehold Commercial Property Developments in MotorCity

Published May 31st, 2007 - 11:06 GMT
Al Bawaba
Al Bawaba

Al Tamimi Investments, a dynamic multi-diversified investment company, launched its first real estate properties, two commercial office buildings, Daytona House and Detroit House in the heart of the MotorCity development in Dubailand. Located in a truly prestigious business location, both the buildings offer exceptional view of the Dubai Autodrome race track while providing a vibrant and fast moving work environment. This launch is the first availability of freehold commercial, space in MotorCity.

Speaking on the launch Essam Al Tamimi, Chairman of Al Tamimi Investments said, “Located in the heart of MotorCity, both Daytona House and Detroit House offer the very best for those who demand the ultimate contemporary office environment. Both buildings have an unparalleled view of the race track, which will set your heart racing as you enjoy nail biting race action in your personalised office space.”

Either as an investor or as an end-user, Daytona House and Detroit House are perfectly placed for companies in industries as diverse as hospitality, engineering, fuel, IT, communications, clothing, food and beverage and many more.  In addition to being superb offices, Daytona House and Detroit House represent a great opportunity for the astute investor and there will be no shortage of tenants keen to locate their offices at such a prestigious and dynamic address.

Daytona House, located right on the edge of turn three of the grand prix circuit at the Dubai Autodrome, provides a personal grandstand view of all the tracks and its proximity also ensures direct access to the racing circuit for motor research and testing. With a total built-up area of 183,000 sq ft Daytona House offers 28 office spaces as well as 9 applied technology and retail spaces. The entire building is also fitted with high speed internet and data access and the state of the art sound proofing totally eliminates outside noise.

Detroit House is a 10 storey building situated in MotorCity’s main commercial strip with close access to retail outlets. The building will have 4 panoramic lifts with a direct view of the track, and a common terrace on the 8th floor will provide an interactive space for building tenants. With a total built-up area of 390,000 sq ft Detroit House will offer 141 office spaces and 9 retail shops.

He added, “MotorCity offers a rich diversity of quality living and working environments all within one uniquely designed development with a host of facilities such as residential complexes, offices, hotels, entertainment as well as dining and retail outlets. Daytona House and Detroit House are perfectly placed for companies in industries as diverse as automotive, hospitality, engineering, petrochemicals and IT communications. Both the buildings will provide companies and investors the perfect opportunity to shift into top gear in the most exciting development of Dubai.”
The Facts
Daytona House
• Freehold
• 28 office spaces as well as 9 applied technology and retail spaces
• Total built-up area of 183,000 sq ft
• Two basements, plus ground, plus three
• Located on turn three with direct access to the circuit
• Prices start from AED 990 sq ft
• Expected completion 1st Qtr 2009
• Internet access, data access and video outlets provided (as per DU requirements)
• Hi-tech building management system will be installed
• Office Parking: 1 parking space for each 500 sq. foot of office space. 195 spaces provided
• State-of-the-art security system

Detroit House
• Freehold
• 141 office spaces and 9 retail shops
• Total built-up area of 390,000 sq ft
• Two basements, plus ground, plus ten
• Common tenant area on the 8th floor with balcony overlooking grand prix circuit
• Located near to the race track with panoramic view of the circuit
• Prices start from AED 660 sq ft
• Expected completion 3rd Qtr, 2009
• Internet access, data access and video outlets provided (as per DU requirements)
• Hi-tech building management system will be installed
• Office Parking: 1 parking space for each 500 sq. foot of office space. 195 spaces provided
• State-of-the-art security system

 


- About Al Tamimi Investments

Al Tamimi Investments was founded in 2006 by Essam Al Tamimi.  The investment company is behind the development of a number of real estate projects through the United Arab Emirates – the first of which is being announced today.

For information on Daytona House and Detroit House visit: www.daytona-detroit.com

About MotorCity

MotorCity, a Union Properties PJSC development is based on a unique automobile and motor
sport theme that includes residential, business, sports and leisure opportunities. MotorCity is in
fact ‘a city within a city’ with five project components that includes: Dubai Autodrome, F1 Theme
Park, Business Park MotorCity, UPTOWN MotorCity and Green Community MotorCity. MotorCity
is developed over a land of approximately 38,000,000 sq.ft., located on Emirates Road.

For more information on MotorCity please contact: Sabra Saleh, Public Relations Manager, Union
Properties, Phone: +971 4 885 1555 or Email: sabras@up.ae