A Dh500 million tower, the fifth in the series of Jumeirah Business Centre (JBC) towers, was launched on Monday by Al Fajer Properties, a member of Al Fajer Enterprises.
The launch of Jumeirah Business Centre-5 (JBC-5) takes the cumulative investment of the Group in Jumeirah Lakes Towers community to Dh2.5 billion, according to Gulf News.
"The launch of Jumeirah Business Centre 5 is aimed at meeting the deficit for quality world-class office space in Dubai in the backdrop of the rapid growth in business and economic expansion,” said Dr Shahram Abdullah Zadeh, chief executive of Al Fajer Properties.
"Jumeirah Business Centre five follows a careful evaluation of the needs of the growing business community in Dubai in an expanding economic growth that we are experiencing in the next five years. Jumeirah Lakes Towers being a declared free zone, guarantees investors to benefit from 100 per cent ownership of their businesses and tax free environment,” added Al Fajer.
The initial booking amount for investment is 10 per cent and the cost per square feet starts from Dh1,200. Approximately75 per cent of the project has already been sold as of last week.
