Monday, October 14, 2019

Jun 19 19, 3:43 pm

UAE to translate court decisions in five languages including Filipino

Abu Dhabi courts will be introducing a new platform to translate court decisions in five languages-- English, Hindi, Filipino, Russian and Urdu. This means those involved in the court proceedings can just scan QR codes to get the translations on their desired...

Former Senator, PDP-Laban Founder Nene Pimentel in ICU

Former Senate President and PDP-Laban Founder Aquilino 'Nene' Pimentel is now in a hospital's Intensive Care Unit (ICU). This was confirmed by PDP-Laban Spokesperson Ron Munsayac. "We are humbly asking our friends and partymates in the @PDPLABAN to pray for the full &...

Trader loses Dh1.2 million to scammers in Dubai

An Indian and a Pakistani national are facing charges in court after they masterminded fraudulent transactions that cost a bank customer to lose over Dh1.2 million. The Court of First Instance heard the case that was filed by a 63-year-old Emirati trader, who later...

Man threatens uncle with katana, claims he was ‘possessed’

A gulf national was arrested after threatening his uncle by pointing a sword at him. The Sharjah police said that they responded to a call about the incident and immediately headed to the area, where they caught the suspect red handed, as per a report from Khaleej...

Lootah Real Estate Development launches first lease-to-own industrial warehouses

by | Property

Jun. 19, 19 | 3:43 pm

Lootah Real Estate Development (Lootah), a leading pioneer real estate developer in Dubai, launches Senaeyat to provide lease-to-own industrial warehouses for businesses

Senaeyat is the first to offer lease-to-own pre-built warehouses in Dubai

It offers other key features such as customs-exemption, modern and targeted specifications, and cost-effectiveness among others

Lootah Real Estate Development (Lootah), one of the region’s most prominent real estate developers, announced the launch of Senaeyat, a company that provides lease-to-own industrial warehouses for businesses of different sizes.

Located in a major industrial growth hub in Dubai, Dubai Industrial Park, Senaeyat is the first to offer a lease-to-own model for clients, in which they can have full ownership of the pre-built industrial warehouses within 10 years.

Lootah has acquired three million square feet land for 49 years with Dubai Industrial Park to establish Senaeyat, an industrial warehouse development project in Dubai Industrial Park.

Saleh Abdullah Lootah, CEO of Lootah Real Estate Development, said: “We are pleased to offer this sustainable business model to different industries to help them convert their operational costs to assets. This signifies our commitment, not only to residents whom we have developed world-class residential projects for, but to the business community as well.”

Saleh Lootah

Senaeyat has acquired a total of three million square feet for the whole project in Dubai Industrial Park, which will be offered in two phases. The first one includes one million square feet, and the second, two million square feet.

The 1st phase of the project has four different built-up areas – 20,000 sqft, 24,000 sqft, 30,000 sqft, 36,000 sqft – to cater to diverse market segments, especially focusing on the underserved market of small to medium-sized industries. 2nd phase will have the same size options, in addition to bigger built-up areas – 50,000 sqft and 60,000 sqft.

According to the Saleh Lootah, Senaeyat’s wide range of modern specifications is a response to the growing demand for such warehouses in the market, as these European models aren’t widely available. The warehouses will also be ready-to-use upon handover.

“We understand the unique requirements of different businesses from multiple industries, and our portfolio of turnkey warehouses are designed to address them,” added Saleh Lootah.

Potential clients can also benefit from the warehouses’ proximity to major areas such as Maktoum Airport, Jebel Ali port, Expo 2020 site, and several major highways such as Sheikh Mohammed Bin Zayed Road and Emirates Road.

Senaeyat’s location is also considered customs-exempted due to its presence at Dubai Industrial Park, thus potential clients can also cut costs if they go for its warehouse offerings.

Senaeyat also offers the warehouses on competitive rates to counter the current fluctuating prices in the market.

“We found that many vacant warehouse units are due to price mismatch in the market, so we made sure that Senaeyat keeps its portfolio at a reasonable price,” explained Saleh Lootah.

Saleh Abdullah Lootah added that Senaeyat project brought by Lootah actively supports the Dubai Industrial Strategy 2030, enabling the growth for the industrial ecosystem, providing clients with an important resource to achieve short to long-term goals. Additionally, Senaeyat keeps its alignment with Dubai’s expansion plans, placing clients in future growth areas.

Lootah has been in the industry for long, being one of the pioneer real estate companies in Dubai. It has developed major residential and commercial and has since been setting benchmarks for urban development.

Dubai Industrial Park, one of the largest industrial and manufacturing hubs in Dubai, provides state-of-the-art infrastructure and integrated solutions for businesses. The destination hosts over 250 factories and more than 700 business partners in sector-specific zones.

Jobs

Latest News

Pinay boxer wins gold in Russia tilt

Pinay boxer wins gold in Russia tilt

Nesthy Petecio stood her ground in enemy’s territory and defeated hometown bet Liudmila Vorontsove in their gold medal match of the Aiba World Women’s Championships in Ulan-Ude, Russia A report by spin.ph, said Petecio pulled off a split decision, 3-2, to win the...

Former Senator, PDP-Laban Founder Nene Pimentel in ICU

Former Senator, PDP-Laban Founder Nene Pimentel in ICU

Former Senate President and PDP-Laban Founder Aquilino 'Nene' Pimentel is now in a hospital's Intensive Care Unit (ICU). This was confirmed by PDP-Laban Spokesperson Ron Munsayac. "We are humbly asking our friends and partymates in the @PDPLABAN to pray for the full &...

Trader loses Dh1.2 million to scammers in Dubai

Trader loses Dh1.2 million to scammers in Dubai

An Indian and a Pakistani national are facing charges in court after they masterminded fraudulent transactions that cost a bank customer to lose over Dh1.2 million. The Court of First Instance heard the case that was filed by a 63-year-old Emirati trader, who later...

Bea Alonzo celebrates birthday with video on ‘Moving on’

Bea Alonzo celebrates birthday with video on ‘Moving on’

Kapamilya star Bea Alonzo has chosen to celebrate her birthday through a vlog that talks about the ups and down of life. In a YouTube video entitled ‘Muli’, Bea shares an empowering message on how to come out stronger, “I’m celebrating my birthday tonight. I’m...

K-pop star Sulli dies amid severe depression

K-pop star and actress Sulli has been found dead at a house in Seongnam Seoul, South Korea. Authorities and police officials have stated that Sulli had been suffering from severe depression. No further details have been revealed by Sulli’s family as well as SM...

Singapore to ban commercials on unhealthy, sugary drinks

Singapore will become the first country to prohibit ads on unhealthy and sugary drinks in its bid to stop diabetes. The ad ban will apply to those which will be classified as “least healthy” sugar-sweetened beverages. The ban will also cover all media platforms,...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2018 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in Property
How simple dreams of getting one property became reality of multi-fold investments
Published On  April 29, 2019
Unveiling the secrets of retiring beautifully
Published On  April 28, 2019
OFWs encouraged to unleash their entrepreneurial spirit at PPIE 2019
Published On  April 27, 2019
Close