IT PLAZA

OVERVIEW

IT Plaza is a 15-storey commercial office building in Dubai Silicon Oasis (DSO), developed by Fatima International FZC and completed in 2008. The building provides freehold commercial office accommodation within the Dubai Silicon Oasis Authority (DSOA) free zone, with ground-floor retail units supporting the building's commercial programme. IT Plaza is among the earlier commercial freehold building delivered within the DSO technology park and occupies an established position in the park's mid-market freehold commercial segment, serving technology, engineering, and professional services businesses seeking DSOA-licensed office space at accessible pricing.

OFFICE STOCK AND TENANT PROFILE

IT Plaza provides freehold office units across its commercial floors, accommodating a typical DSO occupier mix of SMEs, technology companies, IT services providers, and professional services firms operating under DSOA licensing. The building's ground-floor retail component supports both the building occupier community and the broader DSO technology park population, providing convenience amenities integrated within the building's commercial footprint. The unit configurations suit small-to-mid-size businesses that form the core of DSO's licensee base, providing defined, self-contained offices at competitive pricing within the technology park.

RENTAL MARKET

IT Plaza occupies the accessible-to-mid tier of the DSO commercial leasing segment, with rental rates reflecting its 2008 delivery vintage and the ground-floor retail amenity provision. The DSOA free zone address provides occupiers with technology park licensing benefits at pricing that reflects DSO's road-only accessibility and secondary commercial market positioning relative to SZR, Business Bay, and DIFC. Ground-floor retail tenants add occupier convenience and building activity that supports the commercial floor leasing environment. Standard DSOA lease terms of one to three years apply.

SALES MARKET

IT Plaza freehold units are available for purchase through the secondary market, with both commercial office units and ground-floor retail units available for individual acquisition. The presence of retail units alongside office units provides investors with a choice between the two commercial product types, each with different yield and occupier characteristics. Gross yields are consistent with the accessible tier of the DSO commercial secondary sales market. Buyers should confirm service charge levels, the owners' association's financial reserves, and individual unit condition before committing to any acquisition.

LOCATION AND ACCESS

IT Plaza is located within Dubai Silicon Oasis, accessible via Sheikh Mohammed Bin Zayed Road (E311) and Al Ain Road (E66). There is no direct Metro connection to DSO; the nearest Red Line station is approximately 10 to 15 minutes by road. Highway access via E611 and E311 provides vehicle connectivity to the broader Dubai commercial network. Dubai International Airport is approximately 15 to 20 minutes by road. The ground-floor retail component provides building occupants with direct access to convenience amenities within the building. The DSO retail and amenity infrastructure includes supporting F&B and convenience services accessible within the technology park master plan.

RISKS AND WATCHPOINTS

IT Plaza shares the structural risk common to all DSO commercial assets: road-only accessibility limits public transport convenience and restricts the occupier pool to businesses primarily commuting by vehicle. The 2008 delivery vintage places building systems approaching their second decade of operation, warranting due diligence on the maintenance programme and capital expenditure plans of the owners' association. The ground-floor retail component introduces a mixed-use dimension to the strata management, with retail and office unit owners potentially having different priorities on building decisions. Service charge levels and individual unit condition should be verified before committing. Buyers should also confirm the allocation of service charges between office and retail units, as mixed-use freehold building carry cost allocation complexity. Individual unit inspection before lease or purchase is non-negotiable in freehold building of this vintage.

STRATEGIC PERSPECTIVE

IT Plaza is an accessible-tier DSO commercial freehold building suited to SME and startup occupiers seeking DSOA-licensed office space at competitive pricing within the technology park. The ground-floor retail component provides a practical amenity advantage within the building and supports daytime footfall that benefits both retail tenants and commercial occupiers. For investors, the mixed office-retail freehold ownership structure provides product diversification at accessible entry pricing. Road-only accessibility remains the structural constraint shared by all DSO assets and must be factored into any occupier or investment assessment. Service charges and building maintenance should be confirmed as primary due diligence steps. IT Plaza's ground-floor retail adds community vitality to the building but introduces mixed-use governance complexity. The building is best suited to SMEs and startup businesses for whom the DSOA free zone address and accessible pricing outweigh the road-only accessibility constraint.