| i-Rise Office Tower at TECOM breaks ground: Realty Capital Middle East FZ LLC, owned by Rasmala Investments, joint venture of the UAE’s Khayyat group and the Saudi Baghlaf group, has performed ground breaking of its Dubai’s office tower “i-Rise”, a 37-storey development earmarked to become one of the most prominent business towers in the Arab World. The development will feature a striking curvilinear design in a total built-up area of more than one million sq ft. Marwan Mansour, CEO, Realty Capital, said, “The increasing demand for office space in Dubai has encouraged us to create a unique corporate concept based around the dynamics and demands of a challenging business environment. The i-Rise Tower will become an iconic feature of TECOM, with its visually striking design incorporating a high-tech, modern environment conducive to success”. Strategically located at TECOM Site-C, Dubai’s Technology and Media Free Zone, the i-Rise Tower will incorporate a modern business infrastructure in a corporate hub, offering investors freehold ownership opportunities. The i-Rise Tower will incorporate unique office layouts, restaurants, coffee shops, retail space, a fitness centre and a multi-storey car park. Several executive offices will also be available, featuring office space with maximum levels of natural light, private high speed elevators, helipad access and en-suite restrooms.
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