The refurbishment of Al Thuraya Tower 1 Property that is located within Dubai Media City is complete according to ENBD REIT, a closed-ended DIFC investment company that was formed by Emirates NBD Asset Management Limited (the Fund Manager) to invest in a diversified portfolio of Shari’a-compliant real estate, with a primary focus on the UAE.
The project, which reportedly created a functional high-end as well as a modern office destination involved a comprehensive fit-out of the entrance and foyer to the building. The works also focused on the staircases, corridors, and common bathrooms as well as tiling and lighting throughout the entire tower.
According to ENBD REIT fire escapes, lifts, and the podium were also all upgraded as part of the refurbishment project. Improvement to the layout and décor alongside a yoga studio, a fitness studio, prayer rooms, and additional access for people of determination was added.
Al Thuraya Tower 1 Property, a high-quality working space with desirable amenities within a prominent area
The Head of Real Estate to Emirates NBD Asset Management, Anthony Taylor, stated that the successful completion of the major refurbishment upgrade project of the Al Thuraya Tower 1 Property will position ENBD REIT to fully take advantage of Dubai’s thriving office rental market.
As it is, the market has got several tenants that are looking for quality spaces that give priority to the comfort and health of their staff in an environment that is aesthetically attractive and contemporary.
ENBD REIT revealed that since the completion of the project, they have received high levels of interest that have resulted in new tenants securing well about 18,000 square feet of office space. This on its own, is an enough, and telling reflection of the growing demand from business tenants that are true for high-quality working spaces within a prominent area accompanied by desirable amenities.