MAZAYA BUSINESS AVENUE BB2

OVERVIEW

Mazaya Business Avenue BB2 is a freehold commercial office tower at 9 Al Worood 3 (First Al Khail) Street, on the perimeter of Jumeirah Lake Towers adjacent to Jumeirah Islands. It was developed by Mazaya Holding, launched in approximately 2007 and completed in approximately 2012, rising 45 floors to a height of approximately 180 metres. BB2 is one of the three near-identical towers that form the Mazaya Business Avenue complex, alongside AA1 and BB1. It is a predominantly commercial building, with office floors above ground-level retail, operating within the DMCC free-zone precinct that governs JLT.

OFFICE STOCK AND TENANT PROFILE

BB2 provides a substantial office and retail float across its 45 floors, available for sale and lease. The occupier base is consistent with JLT free-zone stock — small and medium-sized enterprises, trading companies and professional-services firms operating under DMCC licences. Shared building provision is understood to include conference and meeting facilities and a ground-floor fitness centre. Unit sizes and configurations vary across the floors; prospective occupiers should confirm available areas, fit-out condition and current vacancy directly, recognising that comparable space may also be available in the two sister towers.

RENTAL MARKET

As a dedicated commercial tower, BB2 supports active, competitively priced leasing in line with the JLT free-zone office market, with rates varying by floor, outlook and fit-out level. The availability of broadly equivalent space across the three towers tends to keep pricing keen and gives tenants negotiating choice. Published benchmarks are indicative only at building level; current asking rents and incentives should be confirmed at enquiry, ideally alongside comparison to equivalent floors in AA1 and BB1.

SALES MARKET

Offices are sold on a freehold basis within the DMCC free zone, providing individually titled units. The scale of the development and the volume of broadly comparable units across the three towers support an active secondary market and reasonable price transparency. Observed pricing reflects the towers' completion (circa 2012) and their commercial specification. Because the three towers are closely similar, value is driven principally by floor, view and unit condition rather than by building-level differentiation, and buyers should expect to benchmark across all three towers.

LOCATION AND ACCESS

BB2 occupies the JLT and Jumeirah Islands perimeter on Al Worood 3 (First Al Khail) Street, with direct access to Sheikh Zayed Road and Al Khail Road. The nearest Dubai Metro station (DMCC, Red Line) is approximately a six-minute drive, placing the complex toward the drive-to rather than walk-to end of the JLT cluster for public transport. The towers are also served by taxi and bus routes, with JLT podium retail, dining and lake amenities nearby.

RISKS AND WATCHPOINTS

Key considerations are the towers' vintage (circa 2012) relative to newer stock; the perimeter location, which is a short drive rather than a walk from the Metro; and the competitive supply across the three near-identical towers, which can constrain rental and capital growth. Service charges, parking allocation and DMCC licensing requirements should be confirmed before purchase or lease. As with all multi-tower schemes, buyers should compare BB2 directly against equivalent floors in AA1 and BB1.

STRATEGIC PERSPECTIVE

BB2 is most relevant to value-led occupiers and yield-focused investors seeking freehold, DMCC-licensed offices in a large, amenity-supported JLT commercial tower. The depth of supply across the complex supports occupancy and resale liquidity but limits rental upside and building-level differentiation. The asset is therefore best held as a value, income-oriented position, with returns driven by occupancy and yield rather than by capital outperformance. Confirming current rents, service charges and the comparative pricing of AA1 and BB1 is advisable before committing.