A number of freehold zones that are currently being built in Dubai are designed to cater for industry and business, and the International Media Production Zone is a large project from Tecom that will combine freehold residential property with commercial facilities for the media industry, specifically for graphic art, publishing and packaging. In the middle of Dubai’s new commercial district, the International Media Production Zone will cover over 43 million square feet and will offer residents the infrastructure and facilities to combine work and lifestyle within the same place.
The features of IMPZ include land plots that will be available for investors to use in the media industry under one of the three main categories, as well as purpose built commercial space for freehold purchasing. The concept allows firms to become better established, and with a number of key amenities on hand, as well as complementary firms, a growing business can really get ahead. Add to this a convention centre, exhibition centre, logistics centre and specialised zones, this really is a key project for any firm in the media business.
There are a number of residential projects also underway, which will cater primarily to residents that work within the development. These residential projects include Oasis Residential, The Centrium, Amwaj and Terrace Residential. All residents can live comfortably and conveniently near to work, which avoids the common traffic problem into the city. There are transportation services on hand as well, should anyone wish to go into the city anyways. A community centre provides residents with communal facilities such as swimming pools and gymnasiums, as well as communal outdoor areas and family areas.
For anyone in the business of media, there really is no other place to be. As the zone is so specific, there is less general demand from other businesses in the Dubai freehold market, meaning prices are a lot lower than more general commercial zones such as Business Bay or Jumeirah Lake Towers. Shrewd investors should definitely consider IMPZ as a great way to establish a firm in the media industry.
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