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.