National Properties to develop $136mn Grade A tower in Dubai

National Properties building Dubai’s Barsha Heights-GCC Business News
Image Supplied | Cropped by GBN
By Desk Reporter, GCC Business News

National Properties, the real estate arm of National Bonds, has broken ground for a 26-storey Grade A commercial tower in Barsha Heights with a development value of $136.12 million (AED 500 million), adding 225,000 square feet of net leasable office space to Dubai’s growing premium commercial inventory.

The project comes amid sustained demand in Dubai’s office market for high-specification workspaces, supported by economic growth, rising international company relocations, and expansion across sectors including technology, media and professional services.

The tower by National Properties will comprise 22 office floors and is designed by NORR Architects & Engineers. It will feature modern office layouts with efficient floorplates, advanced building systems and amenities aimed at supporting flexible and collaborative work environments.

The development will also include podium-level retail and café outlets with outdoor seating, in addition to wellness facilities such as a fully equipped gym to enhance the workplace experience.

Located in Barsha Heights, the tower offers direct connectivity to Sheikh Zayed Road and is close to key business hubs including Dubai Internet City and Dubai Media City, enabling access across the emirate’s commercial ecosystem.

The building will incorporate energy-efficient systems and modern technologies aimed at improving operational performance and supporting sustainability. Construction is scheduled to begin by second quarter of 2026, with completion targeted for fourth quarter of 2028.

Mohammed Qasim Al Ali_National Bonds_UAB partnership
Mohammed Qasim Al Ali
Group CEO – National Bonds

“Dubai continues to attract international businesses and entrepreneurs seeking a dynamic base for regional operations. With demand for high-quality office environments growing across key business districts, this project reflects our commitment to delivering premium commercial assets that support productivity, collaboration, and long-term value creation for businesses and investors alike. Barsha Heights has evolved into a vibrant commercial hub, and this development by National Properties will further strengthen the district’s offering by introducing a modern workspace environment designed to meet the expectations of today’s companies.”

National Properties stated that it will continue expanding its portfolio of residential, commercial and mixed-use developments across Dubai, focusing on delivering long-term value and contributing to the emirate’s urban growth.

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