Dubai-based real estate developer Schön Properties has launched a $200 million business park to be built close to Jebel Ali's Dubai World Central airport, it said on Saturday.
The developer said Schön Business Park, to be located in Dubai Investments Park (DIP), would span 1.1 million square feet and comprise of three buildings with a capacity to accommodate around 4,000 employees.
Schön is also behind the $800 million Dubai Lagoon project in DIP, which will consist of 53 residential apartment buildings.
Danial Husain, vice-president of Schön, said the company chose DIP due to its proximity to Dubai World Central and the Jebel Ali Free Zone.
"The development includes a mixture of shell and core space, and a professionally-managed business centre, catering to the needs of all kinds of companies, from a start-up to an established corporation," he added.
The business park will feature basement parking for more than 1,300 cars, a supermarket, currency exchange, gym, children's nursery, and restaurants and coffee shops.
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