European Business Centre to open at Dubai Investments Park

Dubai Investments Park (DIP), a wholly owned subsidiary of Dubai Investments, has announced that it has recently signed an agreement with Kleindienst & Partner, a Dubai-based German real estate broker, to open the ‘European Business Centre’ (EBC) in DIP, in a move predicted to foster a greater European corporate presence in Dubai.

The AED 150 mln (USD 550 mln) project will incorporate up to 150 new companies and create more than 1,500 new jobs at DIP by assisting European and Middle Eastern companies establish operations through providing local sponsorship and business-setup support.  When EBC opens in November 2007, the company’s commercial premises will accommodate turn-key offices in flexible sizes, as well as in-house retail facilities, meeting and conference rooms, logistical facilities, basement parking, and ‘green building’ amenities.

“We are very pleased with the diversity and calibre of companies that are basing their businesses in DIP, which indicates that our high-quality support services, infrastructure and facilities are appealing to the diverse requirements of our tenants.  We are confident that EBC will fortify trade and business links between European and Middle Eastern companies, and become a starting base for many of Dubai’s headlining companies in the near future,” said Omar Al Mesmar, General Manager, Dubai Investments Park.

The new Centre is being constructed by Kleindienst & Partner in DIP’s Commercial Zone, which is one of the three business zones in the 3,200 hectare Park.  As one of the largest integrated business and residential communities in the Middle East, DIP has already attracted AED 21 bln (USD 77 bln) in investments and more than 950 tenants, with an additional AED 30 bln (USD 110 bln) to be invested in industrial, commercial and residential projects this year.

“Our decision to establish this modern centre in DIP is based on its proximity to key business districts, as we had to take into consideration where our future clients would like to be based.  This is the ideal location for us, as the Park is a comprehensive, self-contained business zone with plenty of amenities, and also with quick access to the Jebel Ali Port,” said Joseph Kleidienst, CEO, Kleindienst & Partner.

Kleindienst & Partner began operations in Dubai in 2004 and provides real estate services such as brokerage, and short-term and long-term rentals. From 2005, the company expanded its operations to begin its own real estate developments, and its portfolio currently includes several projects in DIP, as well as Jumeirah Village South, Dubai Waterfront, Discovery Gardens and The World.

DIP is only minutes away from important business destinations, and can be accessed from