Property consultancy Sweid & Sweid Development has
agreed a leasing deal with Oracle for one of Dubai’s newest buildings.
The Edge, in Dubai Internet City, will be completed in the
second quarter of this year. The deal covers five of the six floors, comprising
75,000 square feet.
Work on The Edge, Sweid & Sweid’s first project, started
in September 2014.
“Having seen strong leasing interest in The Edge since we
launched the project back in 2014, we are delighted to have agreed lease terms
with Oracle, one of the world’s largest and most respected technology
companies,” Sweid & Sweid partner Maher Sweid said, in a press statement.
“The Edge offers a highly efficient and modern office space
located in the heart of Dubai Internet City, one of the most sought after
locations for multinational corporations given its low density and proximity to
the Sheikh Zayed Road. The Edge adds to our experience in the region and our growing
presence in the Dubai market.”
Sweid & Sweid was set up by Mohanned Sweid, the
co-founder and former CEO of interior design giant Depa, in 2006.
Other projects the company is working on include Village
Residence, a residential block in Jumeirah Village Circle, and The 47th, an
office block in Cairo.