Izdihar Real Estate Fund, managed by Oman-based Bank Muscat, has announced the successful sale of Emaar Business Park – Building 3 for AED 233 million. This Grade-A commercial property, strategically located on Sheikh Zayed Road, marks Izdihar’s first UAE-based exit.

The sale was brokered exclusively by Knight Frank MENA, a leading property consultancy, and represents one of the rare freehold building transactions along Sheikh Zayed Road. The property was acquired by the UAE-based Avighna Group.

Emaar Business Park – Building 3, situated in The Greens at Emirates Living, boasts a modern granite-and-glass façade and offers approximately 150,000 square feet of premium commercial and retail space.

Fully leased to multinational and regional corporations, the building benefits from its proximity to key hubs such as Dubai Internet City, Media City, and Dubai Marina, along with excellent metro and road connectivity.

Having acquired the property in 2019, Izdihar’s exit highlights its ability to deliver robust returns while maintaining a diversified portfolio of commercial and residential assets in the region.

Andrew Love, Regional Partner and Head of Capital Markets at Knight Frank MENA, remarked on the growing demand for high-quality office buildings, citing the limited supply of single-owned assets. He noted, "given the short supply of single owned office assets in the market, there is rising demand for good quality office buildings among institutional and private buyers.”

Abhishek Segal, Partner – Capital Markets at Knight Frank MENA, added that navigating the complex lease structures to align with market standards showcased Knight Frank's expertise in managing intricate transactions.

The sale of this landmark property underscores Dubai’s appeal as a global hub for premium real estate investments and highlights Izdihar Real Estate Fund’s capabilities in acquiring, managing, and divesting high-value assets.