Construction
Sweid One JLT Office Dev: Dutco Construction Contract Awarded
2024-12-16
Sweid & Sweid, a renowned real estate company with a focus on niche developments, investments, and build-to-suit opportunities, has made significant progress. The company has awarded Dutco Construction a contract for the Dh730m ($198.72m) Grade A office development, Sweid One, located in Jumeirah Lakes Towers (JLT), Dubai, United Arab Emirates (UAE).

Project Highlights and Significance

This project not only continues the longstanding partnership between Sweid & Sweid and Dutco Construction but also marks a new milestone in commercial office space in JLT. Sweid One is set to offer an impressive 500,000ft² of premium office space, designed to attract tenants seeking top-quality workplace environments. The development is set to differentiate itself with an array of food and beverage options, enhancing its appeal for potential occupants. Addressing the common parking concerns in the area, Sweid One will feature four underground parking levels spanning the entire building's footprint, along with a dedicated visitor parking structure. Additionally, the design incorporates accessibility features such as dual entry points and a shuttle bus service for convenient metro station access.

The construction of Sweid One has officially commenced, with the anticipated completion date set for the fourth quarter (Q4) of 2026. Sweid & Sweid's expertise in the development cycle, from sourcing to funding and execution, ensures a seamless process. Dutco Construction, with its extensive track record including projects like the Dubai Mall and Marina Heights Tower, brings its wealth of experience to the project. Part of the Dutco Group, which has been operating in the UAE since the 1970s, Dutco Construction is well-equipped to deliver this remarkable project.

Sweid & Sweid managing partner Maher Sweid emphasizes the significance of Sweid One, stating, "Sweid One is a pivotal project for us, designed to raise the bar for commercial office space within JLT. With Dutco Construction's extensive track record of executing quality projects, we are confident that Sweid One will set a new standard in the area." Dutco Group CEO Nelson Gibb also expresses pride in working with Sweid & Sweid again, stating, "We are proud to work again with Sweid & Sweid on Sweid One. Our team is ready to bring this remarkable project to life, leveraging our expertise to deliver it efficiently and to the highest standards."

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