Driven Properties Facilitates Record Sale Of Business Bay's Largest Plot

Driven Properties, a prominent real estate brokerage in Dubai, has successfully brokered the sale of the largest plot in Business Bay. This transaction is a significant achievement for the area, setting the stage for a new sustainable office park.

The plot, located at the extension of Marasi Drive, covers 333,000 square feet with a gross floor area (GFA) of 1,020,000 square feet. It is considered one of the most desirable locations in Business Bay due to its prime positioning and 270-degree waterfront views within the Dubai Canal.

Lamar Development will develop a premium office park on this plot. This project aims to address the shortage of Grade A office spaces in Business Bay and across Dubai. With neighbouring off-plan office developments priced over Dh7,000 per square foot, this sale reinforces Driven Properties' reputation as a reliable provider amidst limited supply.

The new office park will include various amenities such as a vibrant culture district, a performing arts theatre, and ultra-high-end office spaces. This development is expected to become a landmark destination in Business Bay, attracting businesses and professionals seeking a dynamic work environment.

This investment along the canal strip increases Lamar's Gross Development Value for existing and upcoming projects across the canal to over Dh12 billion. The sale highlights Driven Properties' capability in handling complex transactions and solidifies its position in Dubai's real estate market.

Abdullah Alajaji, Founder and CEO of Driven Properties, stated: "This landmark deal in Business Bay exemplifies Driven Properties' expertise in navigating complex, high-value transactions. We're proud to have facilitated the sale of this plot, which will pave the way for a sustainable office park project that aligns with Dubai's vision of a vibrant and sustainable city."