Central Park Towers in Dubai achieves the highest rental rate since its inception
Central Park Towers, the largest single-owned office project in the Dubai International Financial Center Free Zone, announced that it achieved the highest rental rate since its inception, with the signing of 21 new lease agreements during the past year, corresponding to more than 110,450 square feet in cumulative rental transactions.
Central Park is considered the most popular office destination in the Dubai International Financial Center due to its dynamic and powerful system and its prime location.
A statement issued today said that despite the difficult global economic conditions, Central Park Towers achieved high rental income last year, as it continued to attract new tenants looking for distinctive and conveniently located office spaces that return them the additional value for money.
Arif Mubarak, CEO and Chairman of Ardi Real Estate Development Company, said: “There is no doubt that the sustainable growth we recorded last year is a testament to the unique advantages of (Central Park Towers).
In 2020, we have noticed an increasing demand for companies and government agencies to towers as a result of the value we provide to our customers and our unique offerings that combine location, efficiency, global standards of design and amenities.”
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