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Updated: 04-02-2006
Al Fajer Properties, a member of the Al Fajer Enterprises established in Dubai in 1965 by its Group President His Highness Sheikh Hasher Bin Maktoum Al Maktoum, announced that its recently launched high-end commercial towers, Jumeirah Business Center 1 & 2 situated in Jumeirah Lake Towers have been sold out a hundred percent to Middle Eastern investors and Multinational companies.

Referring to the unprecedented response to the Jumeirah Business Center, Hisham Al Gurg, CEO of Al Fajer Investment & Development attributed the resounding sales success to its cutting edge architectural design and technological concepts. “JBC has become the benchmark for other developments to follow. By setting unparalleled standards of amenities and services being provided to its tenants or office owners, and with its strategic location within Dubai’s newest community consisting of over 250 residential buildings, it guarantees a long term demand and very lucrative return on investment. It is not just about building office space, it is about providing a state-of-the-art environment with a unique finance option” He reiterated in reference to the first-of-its-kind tie up with Abu Dhabi Commercial Bank, which offers investors up to 75% financing for Jumeirah Business Center. “ADCB offers our clients the broadest range of support and facilitates turning their liabilities into assets”  

The group’s business ventures over the past 35 years include a leading construction company, property management services, engineering and consultancy, international fairs and exhibitions, manufacturing, travel & tourism, pharmaceuticals, general trading and investments and developments.
“The surging economic growth in the UAE and the region has catalyzed the demand for exclusive freehold commercial properties and as a direct result of such high demand, the company has decided to invest AED210 million in three more plots at the prestigious Jumeirah Lake Towers.” Announced Mr. Al Gurg.

The AED470 million Jumeirah Business Center 1 & 2 will consist of 44 and 39 floors respectively with unique state-of-the-art facilities to businesses on a total surface area of 870,000 square feet with a 36,000 square feet retail component. The development offers flexible office units ranging from 800 square feet to 11,000 square feet at prices starting from AED 750 per square feet. The development which will have a grand atrium lobby soaring up to five floors is estimated to be completed by January 2008.

He further added “I take this opportunity to express my gratitude to Mr. Mahdhar Al Tamimi, General Manager of Nakheel’s Jumeirah Lake Towers for their continuous support and hard work in creating a world class community. Their decision to invest in increasing the parking spaces for visitors and building a network of bridges to ensure easy access to Sheikh Zayed road has addressed the future requirements of the entire Jumeirah Lake Towers community.