DEMAND FOR d3 CONTINUES TO BEAT EXPECTATIONS

Dubai, United Arab Emirates - Wednesday, June 25th 2014 [ME NewsWire]

Dubai Design District (d3) today confirmed that over 140 licenses have been granted for businesses to move to the site, with over 40% of these from the MENA region. Since its launch by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai in June 2013, d3 has received over 900 expressions of interest, beating expectations and laying the foundations of a genuine design industry.

TECOM Investments’, the developer behind the project also announced plans to unveil a number of high-profile international brands as the high level of interest in the project from prospective business partners continues.

Dr Amina Al Rustamani, Group CEO at TECOM Investments, commented: “As planned, d3 is attracting both interest and excitement from the design community in the region. We undertook extensive research and planning to ensure we create an environment that provides global brands better access to regional talent and the growing GCC markets, as well as being a platform to promote emerging talent internationally. This strategy, coupled with TECOM’s track record in creating, operating and growing successful, industry-focused free zones in Dubai puts d3 in a strong position going forward”.

Lindsay Miller, Managing Director of d3 said: “Our main ambition is for d3 to act as a catalyst for the region’s design community by creating an environment where local design talent can grow into successful brands. To achieve this ambition, we have created a master plan that includes shared workspaces, galleries and workshops to expose emerging talent to the full value chain so they may interact, share and engage with key players from the design, fashion, luxury and art worlds.

“Designers from this region are making real strides in strengthening their presence in other markets and as 90% of countries in the world are just 8 hours flight time from Dubai, d3 is the perfect place for these discussions and partnerships to take place.”

Tecom confirmed that licences have been awarded to businesses that range from regional and international organisations to local and regionally based small businesses and freelancers.  This strategy is reinforcing d3’s vision to bring together the established and the emerging design and creative community as a collaborative eco-system.

To ensure the development provides the right facilities and infrastructure to both established international brands and emerging regional designers, d3 ‘crowd-sourced’ much of the design for the project and continues to hold focus groups and feedback sessions in the UAE region and beyond to ensure the creative community is fully engaged throughout the development phase. The d3 team have implemented this process to ensure the creative community has the opportunity to take ownership of their potential new home and ensure that every aspect of the site is relevant to their needs.

d3 will help achieve Dubai’s 2020 Vision of attracting 20 million visitors and AED 300 billion in tourism revenues per year. Once complete, d3 will be a world class creative community that promotes and nurtures emerging regional design talent, as well as providing a home to their global counterparts.

The first phase of d3, the AED 4 billion development of the ‘core’ of the 15.5 million sq. ft. site, including state of the art offices and workshop spaces, will be ready for tenants in the first quarter of 2015. This will be closely followed by the second phase of the development focussed on the creative community which will provide a dynamic environment that enhances their wellbeing and promotes creativity and innovation. Phase 3, to develop d3’s waterfront area, to include new concepts in dining, retail and entertainment will provide visitors with dynamic activities and facilities.

The d3 site, located just minutes from Dubai Mall, will boast a 2km waterfront - longer than the length of Jumeirah Beach Walk. This will feature international and design led hotels, a pop up shop area, and an event space. The property options on offer will include residential, commercial, retail and hospitality real estate, and the area will be characterised by distinct public spaces, unique street furniture, public art and shaded walkways.

ABOUT DUBAI DESIGN DISTRICT

Dubai Design District, better known as d3, is dedicated to fostering the growth of the Emirate’s design, fashion and luxury industry. It offers businesses, entrepreneurs and individuals a creative community that will be at the very heart of the region’s design scene.

d3 is the newest of TECOM Investments’ freezone business parks – with 10 buildings currently under construction. Once complete, d3 will be a purpose built environment catering to the full value chain of the design, fashion and luxury industry – and all with the vision of creating a world class creative community that engages, nurtures and promotes local, regional and global design talent.

d3’s facilities will include everything from cutting-edge design institutes to residential, hospitality, retail and office space. The District will be characterised by distinct public areas, unique street furniture and shaded walkways. The development will include a Creek-side esplanade with international and boutique hotels, a pop-up shop area, amphitheatre and a convention centre.

Located close to Mohammed Bin Rashid City and adjacent to Dubai’s Business Bay, d3 is a short distance from the city’s arterial highways and two international airports. The District is in sight of the Creek, Dubai’s historic and mercurial trading epicentre, Burj Khalifa, the world’s tallest building, and Dubai Mall, the world’s largest shopping complex.

d3 will be the most connected design, fashion and luxury destination in the world – with Dubai being only eight hours flight time from 90 per cent of the countries in the world.

Guided by the objectives set out in Dubai Fashion 2020 – a strategic plan to harness the full growth potential of the fashion industry – this creative community will support Dubai’s goals for a more diversified knowledge economy.

Contacts

Nicola Hooper

Bell Pottinger

+971 558862254

nhooper@bell-pottinger.com

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