Fäm Properties has successfully brokered a landmark AED124 million commercial real estate deal at Vision Tower in Business Bay.
Industry sources added that this transaction marks the largest commercial office sale of its kind ever recorded in Dubai’s property history. This historic milestone underscores the enduring strength and global appeal of the emirate’s corporate real estate sector.
The record-breaking deal involves a contiguous block of Grade A office space spanning approximately 40,000 square feet across multiple floors. A prominent UAE-based corporation acquired the premium asset to anchor its strategic business expansion plans. The scale of the purchase highlights how top-tier local enterprises continue to invest heavily in Dubai’s future.
Driving Corporate Growth in Business Bay
- Unmatched Scale: A contiguous 40,000 square foot corporate footprint.
- Premium Asset: Elite Grade A placement within a landmark commercial tower.
- Strategic Intent: Acquired directly by a major local firm for corporate expansion.
Sustained Investor Confidence in Prime Districts
Firas Al Msaddi, CEO of fäm Properties, noted that “the transaction reflects profound institutional confidence in Dubai’s commercial framework. Local businesses and international investors remain firmly focused on established business districts that offer premium infrastructure. Demand for institutional-quality assets remains highly consistent as corporate entities seek stability and long-term value.”
According to Al Msaddi, active high-net-worth buyers evaluate potential acquisitions with extreme precision. Corporate occupiers prioritize prime geographic locations, exceptional building architecture, and robust tenant profiles. Premium commercial properties that meet these strict benchmarks continue to move rapidly across the market.
Strategic Advisory and Complex Deal Execution
This historic sale further elevates the portfolio of fäm’s dedicated commercial division in managing large-format corporate office mandates. The firm continues to provide expert counsel to institutional occupiers, global investors, and prominent landlords across Dubai’s principal office markets. This landmark achievement cements their position as a dominant force in UAE’s luxury commercial sector.
Daniel McCullagh, Commercial Sales Manager at fäm Properties added “Transactions of this magnitude demand exhaustive due diligence, seamless alignment among multiple stakeholders, and highly sophisticated commercial structuring.”
Led by McCullagh, the specialized commercial team at fäm Properties expertly guided both the pricing strategy and final execution. The advisory team utilized verified transaction data from the Dubai Land Department to benchmark market value accurately. This data-driven approach ensured clear transparency and seamless alignment for all parties involved throughout the process.
