Wednesday, July 22, 2009

Asteco appointed office leasing agents for Ibn Batutta Gate - Seven Tides’ flagship mixed-use property development

Asteco opens gateway to new business

Asteco appointed office leasing agents for Ibn Batutta Gate - Seven Tides’ flagship mixed-use property development

Asteco, the largest property services company in the United Arab Emirates, has been appointed sole leasing agents for the offices at the iconic Ibn Battuta Gate mixed-use development which aims to attract businesses with commercial interests in both Dubai and Abu Dhabi.

Ibn Battuta Gate is a new build corporate flagship mixed-use property developed by Dubai-based Seven Tides. The development features a dramatic entrance arch larger than the Arc de Triomphe in Paris. Located next to Ibn Battuta Mall on the Sheikh Zayed highway, the development offers a combination of 40,000 square metres of office space, residential apartments and a five-star hotel and spa, which will be managed by Mövenpick Hotels & Resorts.

A new name for many in the hospitality sector, Dubai-based Seven Tides is an internationally oriented holding company established in 2004. Seven Tides has a portfolio of property comprising new build and strategic acquisitions in the hospitality, commercial and residential sectors in London and Dubai.

“This appointment clearly reflects our position as market-leaders for leasing high-end office space,” said Asteco CEO Elaine Jones. “In keeping with the overall development, the quality of the office accommodation is five-star, located at the very heart of Dubai’s new residential and commercial corridor providing an ideal gateway for businesses with commercial interests in either Dubai or Abu Dhabi.”

With 40,000 square metres of leaseable modern office space spread over 11 floors, the Ibn Battuta Gate office complex is next door to the Ibn Battuta Mall with its 300,000 square metres of retail space and entertainment attractions.

In addition, the offices are adjacent to one of the Dubai Metro stations, which is due to open in September this year, providing easy access via a direct link to the nearby free zones as well as Dubai Financial City and the Dubai World Trade Centre.

There is also direct access to the Sheikh Zayed highway, ideally situated for Jebel Ali Free Zone, new Al Maktoum International Airport or further a field to Al Raha Beach and on to Abu Dhabi. Close by in the opposite direction are Dubai Marina, Jumeirah Lake Towers, Dubai Internet City, Dubai Media City and the rest of Dubai. The office complex also has basement parking for over 350 cars and additional parking for a further 760 vehicles.

“We are very proud of the Ibn Battuta Gate development. Businesses located here will be able to embrace a lifestyle that balances corporate with leisure - business with pleasure,” said Michael Scully, Managing Director Hospitality for Seven Tides.

For further information about Asteco, please visit

For more information about Seven Tides, please visit

Photo caption: The iconic Ibn Battuta Gate development – the gateway to new business.

About Asteco

Founded in Dubai in 1985, Asteco is a major regional and international real estate services firm and the largest property services company in the United Arab Emirates. Asteco offers clients independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.

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