Wednesday, March 28, 2012

H&H Investment and Development Appointed Property Manager of U-Bora Commercial Tower in Business Bay

U-Bora Tower has appointed H&H Investment and Development as its local property management company in the UAE. The boutique Dubai-based Real Estate investment, development and management company will inherit and manage the unique concept of business-oriented services for the commercial tower, with the aim of making it one of the prime business locations in the city.

U-Bora Tower was designed by leading international architects at Aedas under the single ownership of Midas REF (Real Estate Fund), an investment trust fund. The property was delivered to the real estate market in early 2011 despite the unsettled property sector and is currently in full operation.

It boasts a built-up area of 1,818,000 sq ft, and stands at 263m in height, with 60 floors and over 1,950 parking spaces. With business convenience top of mind, the tower has a total of 26 lifts – the highest number of lifts in a single tower in the UAE aside from Burj Khalifa. In addition, the lifts travel between 4 and 8 meters per second, making them also the fastest lifts in the country outside of Burj Khalifa.

The property also features high-quality granite floorings, a lobby with a 28 meter-high ceiling and fully-fitted office spaces with raised floors, suspended ceilings and pre-fitted carpets, lighting and air conditioning. The pre-fitting of all set-up requirements is another business-friendly feature that aims to save companies’ set-up time and reduces the costs of furnishing an office by an average of AED 120 per sq ft.

U-Bora Tower provides a host of special services, including shuttle buses to Metro stations and Dubai Mall, airport pick-ups and drop offs, hotel-style concierge services, VIP Protocol, and standard services such as 24-hour high maintenance will be available, in addition to restaurants, cafes, supermarkets and sandwich shops.

Shahab Lutfi, CEO of H&H Investment and Development, said: “Our company ethos is ‘Development is Creation’, and this extends across all our services, from the full-scale development of projects to their management and design. U-Bora Tower provides a level of services only seen in the Burj Khalifa or five-star hotels, which allow multinational and local businesses the luxury of operating in an environment where they know that the details are taken care of in a creative and capable manner.”

Established in 2007, H&H Investment and Development currently manages a portfolio of over $500 million dollars worth of cumulative assets that translates into over 3 million sq. ft. of leasable space. The company is currently focusing on hotel and retail development with upcoming projects in Al Wasl and Jumeirah, and is fast becoming the go-to specialist for the interior design of private villas.

“U-Bora is the first of many announcements we have planned for this year. Our teams across all four of our divisions: H&H Property Management and Leasing, H&H Property Investment and Development, H&H Facilities Management and H&H Interior Design have been hard at work working on exciting retail, commercial and residential projects in key areas across Dubai, and we are planning to reveal many of them in the coming months,” he added.

U-Bora Tower is located in the Business Bay area of Dubai, overlooking the Burj Khalifa. The tower offers large floor plates, up to 17,200 sq ft, to accommodate large corporations and multinational companies, but also caters to small and medium companies that are looking for offices from 800 sq ft to 2000 sq ft.

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