- 6 Falak is a newly constructed Grade A workplace constructing situated within the coronary heart of Dubai Internet City (DIC), providing over 90,000 sq. ft (sqft) of institutional high quality industrial workplace house.
Sweid & Sweid has introduced the sale of 6 Falak, a newly constructed Grade A workplace constructing within the coronary heart of Dubai Internet City (DIC), to Aldar Properties.
The just lately accomplished property stands out as one of many highest-quality belongings in DIC, providing over 90,000 sqft of institutional-quality industrial workplace house. The absolutely occupied property is positioned on one of many final remaining freehold plots within the free zone and is now house to a number of multinational blue-chip tenants, together with Roland Berger, MSD, and IFS.
Maher Sweid, Managing Partner of Sweid & Sweid, said: “The completion of this transaction marks another milestone for the company in creating world-class office spaces. 6 Falak represents the calibre of projects we always aim to deliver, and we are confident it will serve Aldar’s portfolio of high-quality assets well.”
The sale of 6 Falak propels Sweid & Sweid ahead in the direction of their broader growth technique of scaling their portfolio with initiatives that cater to the wants of Dubai’s main industrial tenants. As a part of their bold imaginative and prescient, Sweid & Sweid has set a goal to develop over 3 million sq. ft of Grade A industrial and industrial house over the following six years.
Sweid & Sweid’s growth pipeline consists of main initiatives in Jumeirah Lakes Towers (JLT), together with Sweid One, a 500,000-square-foot cutting-edge industrial workplace constructing and a mixed-use neighborhood centre. These initiatives will rework the encompassing panorama and improve the district’s vibrant neighborhood.