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Dubai: Amlak Finance has purchased the first phase of Meydan Business Park (MBP) for Dh2.6 billion, a statement said.
Phase 1 of Meydan Business Park, in close proximity to Meydan Racecourse and Meydan City, will boast around 1.8 million square feet of office space.
The purchase of Phase 1, brokered through Al Khayat Real Estate, is the beginning of what will be a fruitful and rewarding partnership between Meydan and Amlak Finance, according to Meydan chairman Saeed H Al Tayer.
He said: "We are delighted that Amlak, one of the leading finance companies in this part of the world, has pinpointed Meydan Business Park as a future commercial hub for the region.
"To have such a world-class company on board is further evidence that the Meydan project will not only be a sporting landmark, but also a commercial beacon for the UAE and beyond."
Nasser Al Shaikh, chairman of Amlak Finance, said: "Meydan Business Park is set to become a leading commercial address for Dubai due to its high quality standards, location and the community it falls within.
"This is an opportunity for Amlak Finance to further extend its core business by very selectively acquiring premium property assets and then retailing them along with innovative financing schemes at a later stage."
The office pods are set in a single pedestrian podium with architecture, design and colour creating an environment-friendly work-space.
MBP Phase 1, served by Dubai-Al Ain main arterial highway, is only 1km from the Meydan Racecourse, and is also located about 1.5km from the Ras Al Khor Wildlife Sanctuary. Features of the Meydan Business Park include an impressive workspace lobby on an expansive 12-hectare landscaped podium, and the plaza cleverly conceals an approximate 3,400-car parking facility.
Meydan Business Park, along with the Meydan Racecourse and Meydan City, is being designed by leading Malaysian firm Teo A. Khing Design Consultants.
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