Sunday, August 23, 2009

Reef announces budget-friendly R Serviced Offices in Dubai

The Chairman of Reef Real Estate Investment LLC, H H Sheikh Ahmed Mohammed Zayed Saqer Al Nahyan, has announced the launch of R Serviced Offices in Dubai.

The objective is aimed to offer prime commercial space in major business districts in Abu Dhabi and Dubai, followed by other business hubs in the GCC and subsequently the emerging markets across the world.

The R Serviced Offices flagship operation comprises 188 leading offices in Al Reef Tower, an outstanding commercial development located in the Jumeirah Lakes Towers within the DMCC Free Zone.

The fully furnished offices range from 12.3 square meters to 41.04 square meters in size, and include private guest reception areas and 12 meeting rooms.

There is a strong demand for serviced offices amidst the economic downturn. The demand is largely from small local companies, firms involved in down-sizing or overseas groups seeking to set up branch office in Dubai.

According to H.H. Sheikh Ahmed, serviced offices hold a high potential for growth, as the companies seek to become more efficient in the use of their space.

There is all likelihood for 100 percent occupancy at R Serviced Offices by the first quarter of 2010, confirms H.H. Sheikh Ahmed.

R Serviced Offices are the right option for companies seeking cost reduction. The usual process of having to search for an office space, negotiate lease agreement, purchase office equipment and hire staff is an expensive procedure. With the R Serviced Offices, the companies can avoid excessive upfront expenses of opening an office, as they are not bound to any long-term contracts and do not incur service charges. The companies can also save on fittings, furniture, staffing and monthly rent, apart from permitting access to all benefits of being in DMCC Free Zone, explained Ian Lloyd, Chief Executive, R Serviced Offices.

According to a recent Reuters report, Dubai is the second most expensive office market in the MENA and Europe region. Therefore, serviced offices are the most cost-effective way to create an instant Dubai office. There is no additional service charge for lighting, air conditioning, water, electricity and full time security.

Among the other attractions are tea/coffee, water for clients and visitors, dedicated post office box and mail sorting service, daily newspapers, office maintenance and daily housekeeping.

Jumeirah Lake Towers, the Nakheel development, is one among the most sought-after business and residential districts in Dubai. Standing at a height of 137 meters above concourse, the Reef Tower boasts of spacious layout with 32 storeys, apart from the ground level and three basement floors. The building matches the 21st century requirements and has high-tech facilities in place.

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