Sweid & Sweid has announced the sale of 6 Falak, a newly built Grade A office building located in the heart of Dubai Internet City (DIC), to Aldar Properties.
The recently completed property stands out as one of the highest quality assets in DIC, offering over 90,000 square feet of institutional quality commercial office space. The fully occupied property is positioned on one of the last remaining freehold plots in the freezone and is now home to several multinational blue-chip tenants, including Roland Berger, MSD, and IFS.
Maher Sweid, Managing Partner of Sweid & Sweid, stated: “We are thrilled to have completed this transaction with Aldar Properties. 6 Falak represents the caliber of projects we always aim to deliver, and we are confident it will serve Aldar’s portfolio of high-quality assets well.”
The sale of 6 Falak propels Sweid & Sweid forward towards their broader development strategy of scaling their portfolio with projects that cater to the needs of Dubai’s leading commercial tenants. As part of their ambitious vision, Sweid & Sweid has set a target to develop over 3 million square feet of Grade A commercial and industrial space over the next six years.
Sweid & Sweid’s development pipeline includes major projects in Jumeirah Lakes Towers (JLT) – including Sweid One, a 500,000 square foot cutting-edge commercial office building and a mixed-use community center. These projects are set to transform the surrounding landscape and enhance the district’s vibrant community.