The Dubai Investments Park recently added of two commercial real estate clusters, and the properties were put on the market for foreign investors, according to Gulf News.
Shaikh Mohammad bin Rashid Al Maktoum, the vice president and prime minister of the United Arab Emirates, recently approved these properties to be sold to foreign investors for a total lease period of 85 years. The park is also home to the residential Green Community, which recently launched 2,000 apartments available for 95-year leases.
"The areas in and around Dubai Investments Park are becoming much sought after by investors given the industrial activity that is taking place there as well as the proximity to the Dubai World Central airport," Mohammad Alwadiya, managing director at Harbor Real Estate, told the news source.
In addition to the residential properties, the area will host a group of commercial and industrial buildings, which have not been completed yet, the news source added. These properties are expected to cover 500,000 square meters and will cost approximately Dh300 million (USD $81.6 billion).