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Dubai Investments records 36 per cent increase in DIP sub-leasing

The increase was registered over the first nine months of the year

Gulf News

Dubai

Dubai Investments, part owned by sovereign wealth fund Investment Corp of Dubai, has announced a 36 per cent increase in sub-leasing contracts in its subsidiary Dubai Investments Park [DIP] — the integrated commercial, industrial and residential community.

That is in the first nine months of 2017 compared to last year.

Out of these, nearly 68 per cent of contracts pertained to existing subtenants, reflecting DIP’s growing demand as a business destination in the region.

New subtenants during the period under review constitute approximately 26 per cent.

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