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Rising out of Jumeirah Lake Towers (JLT), is the striking Jumeirah Business Centre series of commercial towers, offering boutique style office spaces and retail units for sale and lease. JLT is strategically located on Sheikh Zayed Road, which connects Abu Dhabi and Dubai, and is in close proximity to Dubai’s Expo 2020 site – Dubai World Central – with two metro stations in the area.

These 44 – to 39 storey state-of-the-art commercial units are exquisite in design and provide a host of modern features and facilities, offering the investors the best corporate address in the area. With views of Dubai’s most iconic landmarks such as Burj Al Arab, Palm Jumeirah and Emirates Hills as well as world class golf courses and pretty lakes, each JBC tower offers choice of vistas making it the most preferred place to work in.

“All our offices can be customized – the choice is yours”, says Sheikh Maktoum Hasher Al Maktoum, President, JBC Properties. “For JBC Properties, it is as equally important to be superior and consistent in our quality benchmarks as it is to adhere to contractual obligations. The JBC towers reflect this focus in their design and finishes. We have taken great pains to ensure all of them are made to perfection in their aesthetic appeal and functionality, and in terms of modern amenities, so the development offers investors the best corporate address in JLT.”

Established in 2004, JBC Properties has built up a significant land bank and is now one of Dubai’s leading commercial real estate developers. With projects estimated at values more than Dh 3 billion, the company has positioned itself as the foremost player in the property market.

Milestones for JBC Properties include the handing over of the five 180-metre high JBC commercial towers within the committed timeframe. The delivery was the result of three years of hard work despite adverse market conditions, in full compliance with RERA regulations and totally transparent.

Sheikh Maktoum is also the Executive Chairman of Shuaa Captial, Chairman of Dubai International Holding Company, the founding investor of Virgin Megastores in the UAE and founder of the A1 Grand Prix concept. He reveals that “the company is planning to launch premium residential and hotel apartment towers to diversify its range of products”.

RIt only took 18 months for JBC Properties (AFP) to complete five Jumeirah Business Centre (JBC) Towers in the Jumeirah Lake Towers or JLT community, delivering more than 200 floors in this short time.

“The company’s restructuring, including the liquidation of land bank worth one billion dirhams after I took over the management during the initial days of the financial crisis, helped AFP shore up its balance sheet by Dh3.2 billion and focus on its goal of accelerated development of the JBC towers,” says Sheikh Maktoum Hasher Al Maktoum, President and CEO of AFP and Executive Chairman of Shuaa Capital, who played a leading role in the restructuring of the company in 2008.

The company established in 2004, has built up a significant land bank and is now amoung the leading commercial real estate developers with its flagship JBC Towers series.

“With an estimated project value of more than Dh3 billion, the company has positioned itself as the foremost player in the real estate market,” says Sheikh Maktoum.

Ranging from 39 to 44 storeys, JBC towers in JLT offer state-of-the-art commercial units for sale and lease as well as retail units and other modern features. Home to renowned local and international businesses, the towers overlook many of Dubai’s landmarks including the Burj Al Arab, Palm Jumeirah, along the world class golf courses and Emirates Hills.

“For AFP, it is as equally important to be superior and consistent in our quality benchmarks as it is to adhere to contractual obligations. The JBC towers reflect this focus in its exquisite design and finish,” says Sheikh Maktoum. “We have taken pains to ensure that all JBC towers are made to perfection in its aesthetic appeal, functionality and modern amenities so that the development offers investors the best corporate address in the JLT community.”

Milestones for the company include its success in handing over the five 180-metre high JBC commercial towers within the committed timeframe, the result of three years of dedicated hard work by AFP – despite adverse market conditions, transparency and full compliance with RERA regulations.

Sheikh Maktoum, who is also the Chairman of Dubai International Holding Company, Founding Investor of Virgin Megastores in the UAE and founder of the A1 Grand Prix concept, says the company is planning to launch premium residential and hotel apartment towers to diversify its range of products.

Jumeirah Business Centre 3 (JBC3), a recently completed 39-storey commercial tower, is an example of the success story of JLT in the past six months. JBC3 has attracted a number of international corporate tenants and this underlines the current appetite for JLT Free Zone as a leading location for new business formation in Dubai.

Cluttons has noticed a significant shift in rental confidence towards the JLT Free Zone in recent months, noting that it has now become the fastest growing free zone in the UAE. To date, reports show 55,000 people are living and working within the development. Last year was a successful year for JLT Free Zone, with 2033 new company registrations, a 33% increase on the year before, with the majority coming from Asia, Australia and Europe.

Cluttons ascribes this growing appetite to a number of key advantages. JLT Free Zone offers quality mixed-use freehold space, offering commercial, residential and retail property for sale and lease, with a wide variety of prices. The major advantage is JLT Free Zone’s strategic location on the Sheikh Zayed Road, connecting Abu Dhabi and Dubai. Access to Dubai’s metro also provides short commutes to Dubai International Airport and other business hubs.

Cluttons has a long-standing relationship with JBC Properties, and has recently worked with the leading commercial real estate developer, which launched JBC3 and specialises in JLT commercial properties. JBC Property’s Jumeirah Business Centre also boasts some of the best views in JLT Free Zone, including two world class golf courses, The Montgomerie and The Emirates, the Marina and the city.

Paula Walshe, head of commercial at Cluttons in Abu Dhabi said: “We are pleased to see a revival of JLT Free Zone, which is attracting international-grade tenants due to its ability to offer high quality space in a very strategic location.”

The CEO of JBC Properties, His Highness Sheikh Maktoum Hasher Al Maktoum says: “We have developed a unique product that is a cut above the rest especially in quality and value. Being a single landlord tower is one of our stronger points.”