Sweid & Sweid announces full leasing of The Edge in Dubai Internet City

Dubai property developer Sweid & Sweid has announced the full leasing of its first development in Dubai Internet City, The Edge, within 10 months of project completion.

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The premier 100,000-sq. ft office building is now home to global tech outfit Oracle, social media giant Snapchat, who made The Edge their Middle East headquarters and American education publisher McGraw Hill.

Maher Sweid, founder and managing partner of the Dubai-based firm, said: “Our unique ability to recognize niche development, investment and build-to-suit opportunities has resulted in huge success here in the Middle East by delivering excellent returns to our investors and value-for-money to the end users.

He added: “Since launching The Edge in 2014, interest in the development has been phenomenal. When we combine the high-end interior design, the quality of the build, its sustainable credentials and the location, it is easy to see why we have an unbeatable value proposition. This, in turn, is securing tenants on long-term leases, further underscoring our superior offering.”

The Edge comprises almost 9,300 sq. meters of gross floor area over seven storeys and boasts more than 8,300 sq. meters of underground parking space, one of the highest parking-to-office ratios in the area.

High occupancy levels

“Overall, Dubai Internet City is witnessing high occupancy levels as the tech industry continues to grow in prominence both here in the Middle East and from a global perspective therefore it came as little surprise that our prime, Grade A building has proven so popular,” said Sweid.

Giovanna Sangiorgi, vice-president, Oracle Digital EMEA, said: “The hub was designed to support the demand for our complete cloud portfolio across the Middle East. We now have the ability to engage with our customers anytime, anywhere and on their terms.”

The Oracle Digital Hub in The Edge building is equipped with future-proof technology to deliver exceptional customer experience. The Hub delivers an unparalleled employee experience and has been designed specifically to align with the modern buying journey using future proof technology to better support customers in their digital transformation.

Features include virtual meeting labs, interactive customer meeting rooms, modern collaboration spaces, and Oracle’s first social media hub in the region. The social media hub will enable digitally native Oracle team members to engage with customers using the most modern communication tools and channels.

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