Driven Properties Makes History with $137.5M Purchase of Emaar Square Building 3 in Downtown Dubai

Sunday, 10 November 2024

Driven Properties has achieved a record for 2024 with the acquisition of Emaar Square Building 3 in Downtown Dubai for AED 505 million ($137.5 million). This landmark deal underscores the company’s commitment to meeting the demand for premium office spaces in the heart of the city.

Key Points:

• Record Transaction: Driven Properties sets the largest real estate deal of 2024 in Downtown Dubai with the purchase of Emaar Square Building 3 for AED 505 million ($137.5 million).
• Spacious Acquisition: The property spans 378,885 square feet, reinforcing the availability of premium office spaces in a highly sought-after area.
• Prime Location: Emaar Square Building 3 is strategically located in Downtown Dubai, attracting leading businesses looking for visibility and prominence.
• Company Commitment: Abdullah Alajaji, Founder and CEO of Driven Properties, emphasized the firm’s dedication to enhancing Dubai’s commercial real estate landscape through strategic investments.
• Headquarters Move: The relocation of Driven Properties’ headquarters to Emaar Square 3 signifies growth and positions the company at the center of Dubai’s dynamic business environment.
• Future Impact: This acquisition is expected to significantly influence Downtown Dubai’s commercial real estate market by increasing the availability of high-quality office spaces.