Dubai International Media Production Zone
As one of Dubai's specific freehold zones, Dubai International Media Production Zone or DIMPZ is designed to offer a clustered and interconnected work environment for media production companies in the heart of commercial Dubai. The Dubai government is striving to establish the Emirate as the leading business hub in the Middle East, and through a series of new and innovative projects, the business sector of Dubai is really taking shape. The key driver of this business boom is the Dubai freehold property market, which features ongoing developments such as Business bay, Burj Dubai, Jumeirah Lake Towers, DIFC, Dubai Silicon Oasis, DIMPZ and DIFC. An inspiring vision from the Dubai government under parent development company TECOM, the DIMPZ is to follow on from other developments such as Internet City and Dubai International Financial Centre as a self-contained complex to provide the infrastructure and key facilities for various media fields, which are a key sector in this region of the world.
The main industries that DIMPZ will cater for are graphic art, publishing and packaging. By providing a dedicated free zone in such a focused area, Dubai is hoping to establish itself as a key contender in global media, as well as becoming the most prominent media hub in the Middle East region. The DIMPZ will provide a new home to Dubais leading media firms, offering support infrastructure, freehold properties, and the administrative services to help firms run better.
Spanning a massive 43 million square feet, DIMPZ will include commercial, residential, industrial and community service projects all in one place. The laws of freehold mean that ownership within the DIMPZ is 100 per cent and that companies and owners are exempt from the corporate and personal taxes that you would expect to pay in similar facilities across the world. As the DIMPZ is not located in the middle of Dubai, it offers commercial space at a much lower price than centrally positioned projects, while still being adjacent to other major business projects on the Dubai real estate market.
Key buildings in the DIMPZ include Fortune Serene and Crescent Tower, as well as many more properties for commercial and residential use. Office space will be available for purchase, as well as one and two bedroom apartments with the usual high standard of facilities in tow. Once completed, the entire project will combine community living with a great business environment for anyone in the field of media production and related services.