Mashreq Bank secures flagship tenant for Dubai Grade A office building with JLL

JLL represented Mashreq Bank in leasing the remaining space in their Grade A office building. The landlord's mandate focused on securing reputable companies that would complement existing occupiers including renowned food manufacturers and professional service firms.

Simultaneously, JLL worked with Tabby, a leading financial technology company in the Middle East, who was navigating regulatory changes requiring transition from a DIFC licence to an onshore licence due to central banking regulation modifications. This change necessitated relocating their headquarters. The limited availability of Grade A space above 10,000 sq. ft. in Dubai's competitive market made finding suitable premises particularly challenging.

Representing over 100 landlords across Dubai's commercial market, JLL's team conducted market analysis with Tabby throughout the city to identify properties matching their specific requirements. Through meticulous filtering processes and deep asset knowledge, buildings deemed most suitable for the company's needs were carefully shortlisted.

Multiple building tours were organised with Tabby, guiding them through various options before steering them towards the optimal solution.

Following Tabby's selection, JLL negotiated terms and advised the bank on lease conditions, securing favourable arrangements that met operational requirements. Beyond securing the lease agreement, JLL's Property and Asset Management team onboarded Tabby and fast-tracked approval processes for their office fit-out requirements.

This placement fulfilled Mashreq Bank's vision of attracting premium, established companies. As the final piece in the puzzle, Tabby's arrival completed a distinguished office environment that adds genuine value to the asset.