Dubiotech is based on the Dubai 2010 vision of basing the economy of the city on a more knowledge-based footing. This will be the world’s first biotech park free-zone, and is expected to attract many investors to the city. It will offer huge tax advantages and ample services such as long-term land leases, 50 years’ exemption from personal, income and corporate taxes, state of the art IT and telecommunications infrastructure, fast-track immigration and customs procedures, as well as many other advantages. However, most importantly is the 100% foreign ownership, which allows people from all around the world to invest in the park and buy property in Dubiotech.
The DuBiotech complex is eventually set to occupy an area of around 2,790,000m² (30,000,000ft²). The Dubiotech Properties for sale are in a strategic area in the city that is near the Al Maktoum International Airport. It is no secret that property near the airport holds great value for living and investing. It is the first rule in buying real estate, to consider how valuable the location is and how convenient it will be for residents living there.
Various property for sale in Dubiotech
The first phase of this development has attracted large investment, with a cost of over DH1.2bn. This masterplan of the new park, is actually further divided it into zones which will then focus on different areas including manufacturing and commercial/ office use. In this area linked with the commercial use, there are both commercial and residential properties for sale that meet the different needs. Also, all park buildings are expected to be constructed in accordance to high standards ad supreme quality. The park is expected to generate a number of approximately 20,000 jobs after its completion, which will further set the area to be more sought after by those professionals looking for a job or those working in the area.
There are numerous structures within Dubiotech for both commercial as well as residential. Some of the buildings are cleverly sited and superbly designed to make maximum use of the bright natural light, and to also minimize solar gain, so as to not resorting to expensive AC cooling systems. Within such buildings is a collection of Apartments in Dubiotech set to the highest standards. They vary in sizes and styles in order to offer to a wider variety of accommodation choices. A superb one- bedroom apartment can be as low in the Dubiotech property prices as 800,000 AED, and with no commission.
Additionally, villas in this development are also built with the latest architectural and technological standards in mind, plus a touch of modern luxury as well. These Houses in Dubiotech are perfect for anyone looking to combine the exclusivity in the technological advancement of the development with the luxury of the Dubai living.