Dubai World Trade Centre at the world’s premiere real estate summit

Dubai World Trade Centre (DWTC) has unveiled its major commercial development - Dubai Trade Centre District - at this year's MIPIM, Europe's largest property trade exhibition.
The Dubai Trade Centre District has been designed to create an enhanced central business district at the heart the Middle East's most dynamic economy. For international companies, the project represents a unique opportunity to lease commercial office space at the epicentre of one of the world's fastest-growing commercial hubs, with the added advantage of attaining one of the most sought-after business addresses in region.Dubai Trade Centre District is being developed on the historic site surrounding the World Trade Centre Tower, which was Dubai's tallest building when it was erected in 1979. Now developed into a major commercial site at the base of the central Sheikh Zayed Road, it is an extremely high profile area of real estate.The project's international launch at MIPIM coincides with the first stages of construction in Dubai, with the first phase of the USD 4.3 billion project due for completion in 2010.

The architectural consequences of the plan will be profound, transforming the entire area into a new state-of-the-art business quarter, with 200,000 square meters of grade A1 office accommodation, plus 1,000 apartments, 1,000 serviced apartments, retail provision and two hotels.Using the highest standards in design, the buildings will be environmentally sustainable and will be carefully designed to the highest quality. All offices and residences will make the best use of naturally-lit interior spaces alongside landscaped terraces. Residents and executives living within the district will have access to the World Trade Club, the city's most prestigious business venue on the top floor of the landmark World Trade Centre Tower.As well as its highly-developed infrastructure, attractive environment and famous location, Dubai Trade Centre District will offer the additional benefit of making a significant amount of highly sought-after A1 office space available at a time when Dubai is reaching capacity. A 2007 study showed that the commercial space vacancy rate in the centre of Dubai is just 1%, at a time when over 40% of businesses are looking to expand their premises. The additional supply of new A1 offices will enable new businesses to enter the regional market with sufficient capacity, and allow established organisations to continue their ongoing dynamic growth.

Interested parties can visit the Dubai World Trade Centre stand at MIPIM, 21.01, in the Harbour Pavilion.