Dubai: The iconic cantilevered structure on Dubai's Sheikh Zayed Road, One Za'abeel, has officially been incorporated into the Dubai World Trade Free Zone, authorities confirmed on Wednesday. The addition of this landmark within the free zone allows companies and organizations housed there to benefit from numerous privileges outlined in Decree No. 18 of 2024.
Companies operating in One Za'abeel will now enjoy 100% foreign ownership, exemption from customs duties, dual-licensing opportunities, zero per cent corporate tax and simplified processes for visas and permits. Additionally, the location offers a variety of flexible office solutions tailored to modern business needs.
"Expanding our jurisdiction to include One Za’abeel as part of the Free Zone reinforces our position as a hub for commerce and enterprise in the heart of Dubai’s Central Business District and directly benefits businesses and SMEs that are integral to accelerating the goals of Dubai's Economic Agenda D33," said Abdalla Al Banna, vice-president of Free Zone Regulatory Operations of the Dubai World Trade Centre Authority.
One Za'abeel's The Offices section features 26,000 sqm of Grade-A office space, equipped with premium amenities and services. It boasts LEED Gold and WiredScore Platinum certifications, ensuring the highest standards of technology, connectivity and sustainability for tenants. The Offices are spread across 17 levels, offering tenants access to a vibrant ecosystem of retail, dining, hospitality and more.
"Becoming a part of the Dubai World Trade Centre Authority’s Free Zone further benefits the tenants of One Za’abeel The Offices and its forthcoming retail Podium, offering them continued opportunity to grow and solidify their presence in this thriving business community," siad Issam Galadari, director of One Za’abeel Holdings.
The anticipated retail Podium at One Za'abeel is set to open later this year, hosting a diverse range of international and local brands, enriching the community and visitor experience.