Prominent real estate developer Avighna Group has successfully acquired Emaar Business Park–Building 3, a high-end Grade-A commercial building on Sheikh Zayed Road, for Dh240 million. Previously owned by Bank Muscat’s Izdihar Real Estate Fund, this acquisition marks another milestone for the group.
Located in The Greens at Emirates Living, this G+6 property features a sleek granite-and-glass façade and spans around 150,000 sq. ft. of premium office and retail spaces. It is currently leased to renowned multinational and regional companies.
The building’s strategic location near Dubai Internet City, Media City, Palm Jumeirah, and Dubai Marina, combined with excellent metro and road connectivity, makes it one of Dubai’s most sought-after commercial addresses.
Nishant Agarwal, Managing Director of Avighna Group, commented, “The acquisition of Emaar Business Park – Building 3 aligns with our vision to grow our real estate portfolio globally. Its prime location, standout design, and blue-chip tenants make it a valuable addition to our investments.”
Banke International Properties played a key advisory role in this deal. Porush Jhunjhunwala, CEO of Banke International Properties, stated, “This acquisition reflects the growing confidence in Dubai’s booming property market.
Dubai remains a global hub for premium real estate investment, driven by its strong economy, investor-friendly policies, and focus on sustainable growth. The demand for Grade-A commercial spaces continues to rise as businesses look for quality office environments.”
The market for premium commercial properties in Dubai is thriving, with limited Grade-A office supply and high demand pushing rental and capital values upward. Sectors such as Business Services, Banking & Finance, Logistics, and Real Estate are driving this demand. The market is set for significant growth with new Grade-A developments expected only in 4–5 years.
Avighna Group is a privately held real estate and investment company that operates in the UAE and India. Its portfolio includes luxury residential projects, office towers, and mixed-use developments. Expanding globally, the group is now focusing on acquisitions and greenfield projects in markets such as the UAE, the UK, and Europe.
