Real estate company Sweid & Sweid has launched 6 Falak, a commercial development in Dubai Internet City. The real estate firm said the project will grow its portfolio of Class-A office buildings and enhance its local market offering.

According to a statement, the project is located adjacent to the VISA CEMEA Headquarters building, on the key central artery of Al Falak Street. It is the third Sweid & Sweid project to be built within the technology cluster.

In early September 2022, DMCC said that the office space at its under development Uptown Tower had been fully pre-leased while, later in the month, the Dubai property market was said to have topped $6.6bn in the month of August.

6 Falak will deliver over 90,000sqft of leasable area built to institutional-grade specifications. Each floor will also offer outdoor terrace areas, and ground level common facilities include a private garden. Construction is due to commence shortly and is scheduled for completion by early 2024, the firm pointed out.

Commenting on the announcement, Sweid & Sweid Managing Partner Maher Sweid explained that the new project illustrates the continued innovation of the firm and its commitment to development in Dubai.

He concluded, “6 Falak represents a new generation of commercial developments that responds to a post-COVID era, with additional emphasis on collaboration and establishing a community within the building across multiple tenants, rather than traditional and more segregated office spaces. Coupled with tenants increased demand for quality that we continue to witness in Dubai, we believe 6 Falak has tremendous potential to be a resounding success. We remain steadfast in our commitment to delivering best-in-class commercial developments that aid and align with DIC’s vision to foster innovation and technology in Dubai.”

In September 2022, CBRE said it had been appointed to manage and lease Bahrain’s ‘Once Mall’.