Dubai has witnessed its largest property transaction of the year, with Driven Properties successfully acquiring Emaar Square Building 3 for an impressive Dh 505 million.
Spanning a substantial 378,885 square feet, this acquisition underscores Driven Properties’ commitment to meeting the soaring demand for premium office spaces in one of the city's most sought-after locations.
Situated in the vibrant heart of Downtown Dubai, Emaar Square Building 3 is a prestigious address highly regarded by leading businesses looking for both prominence and visibility. With the availability of premium office spaces in this prime area becoming increasingly limited, Driven Properties’ strategic move ensures that companies can secure exceptional environments tailored for growth.
Impact on market
“As Dubai continues to establish itself as a global business powerhouse, Driven Properties is committed to playing a key role in shaping the city’s commercial real estate landscape. Our investment demonstrates our unwavering commitment to excellence and our proactive approach to meeting market demands,” said Abdullah Alajaji, Founder and CEO of Driven Properties.
“By expanding our portfolio with this landmark building, we're not only enhancing our offer but also supporting the ambitions of businesses that make Dubai so dynamic. Moving our headquarters to Emaar Square 3 is a significant step for us—it places us right at the centre of the action, where innovation and opportunity thrive,” he added.
Hadi Hamra, Managing Partner at Driven Properties, added: “The purchase was made through a dedicated fund, ensuring a thoughtful expansion for Driven Properties. Relocating the company’s headquarters to Emaar Square 3 not only signifies growth but also reinforces Driven Properties’ reputation as a trusted and influential player in Dubai’s competitive real estate market.”
Looking ahead
This landmark acquisition is expected to create a significant impact on Downtown Dubai’s commercial real estate scene by providing much-needed premium office spaces. Driven Properties is well-positioned to attract leading businesses to the area, contributing to the sustained vibrancy and economic growth of one of the world's most exciting business hubs.
Since its establishment in 2010, Driven Properties has become one of Dubai’s leading real estate brokerages and property management companies, offering award-winning, bespoke solutions tailored to every client's aspirations. The company prides itself on its unwavering commitment to innovation, integrity, and building lasting relationships based on trust and credibility.
As the sole member of Forbes Global Properties in the UAE, Driven Properties has played a pivotal role in shaping the city's luxury real estate landscape. Its dedicated team of over 600 specialists, with in-depth market knowledge, provides invaluable expertise at every step, from property selection to management, ensuring long-term value for investors and developers alike.