The first specialized e-commerce free zone in the Middle East, North Africa, and South Asia region, Dubai CommerCity (DCC), is experiencing strong demand for office space, with a sizable portion already leased up, according to a senior official on Wednesday.
“The demand for offices is huge. We have already rented over 65% of the available space, and we anticipate rising demand. We will receive a total of six new structures in the second phase, which includes one of our office complexes, Cluster A. According to Rashed Al Mulla, senior director of new corporate identity at Dubai Commercial City, the project would contain 12 office buildings in addition to the social cluster, which includes a retail area and a logistics area.
Al Mulla was speaking outside a press briefing to unveil the new corporate brand of the free zone as it shifts its strategic focus from e-commerce to digital commerce. It also inked a contract known as an MoU with its strategic partners Emirates NBD bank, Dubai Digital Authority, and Telecommunications and Digital Government Regulatory Authority (TDRA).
Dr. Mohammed Al Zarooni, executive chairman of DIEZ, and Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Integrated Economic Zones Authority, also joined the press conference on Wednesday (DIEZ).
Dubai CommerCity, which was built for Dh3.2 billion, has 2.1 million square feet and was built to accommodate both new and established digital commerce companies in the Middle East, North Africa, and South Asia.
“It’s quite difficult for us to keep up with the demand for logistics. Technically, our logistics are now completely sold out. However, we are developing more infrastructure for logistics. By October, he promised, it would be finished.
Al Mulla claims that for eligible investors and free zone applicants, the free zone also streamlines the Golden Visa application procedure. (office)
The strategic transition that we are currently seeing in Dubai Commercial City’s move toward digital commerce, according to Sheikh Ahmed, is consistent with Dubai and the UAE’s strategic economic ambitions.
“The emirate is a key player in creating and constructing the future. It has positioned itself as a center for innovation and a force behind the growth, extension, and integration of businesses into the global supply chain employing emerging technologies. By increasing the digital economy’s contribution to the UAE’s GDP over at least the next ten years, this helps achieve the goals of the Digital Economy Strategy, he stated.
Dr. Mohammed Al Zarooni claims that the free zone will affect the financial results, operations, and revenues of the enterprises by establishing an atmosphere that promotes innovation, adaptation, and flexibility to stimulate company growth.