ACICO Business Park is a nine-storey office building at 29A Street, Port Saeed, Deira, completed in 2011 and developed by Kuwait’s ACICO Group. As of July 2026, live listings show offices renting at a strikingly consistent AED 120 per square foot per year, regardless of unit size — from roughly 617 sq ft up to 3,660 sq ft. It sits eight minutes from Dubai International Airport and half a kilometer from Sheikh Rashid Road.
- ACICO Business Park at a Glance
- What Is ACICO Business Park?
- Where Exactly Is It Located?
- See ACICO Business Park on the Map
- How Old Is ACICO Business Park, and Who Built It?
- Transport & Metro Access
- Facilities and Amenities
- Who Actually Rents Office Space Here?
- How Much Does It Cost to Rent an Office at ACICO Business Park?
- Parking
- About ACICO Group
- Is ACICO Business Park Right for Your Business?
- Frequently Asked Questions
- Sources & Methodology
ACICO Business Park at a Glance
| Detail | Information |
|---|---|
| Address | ACICO Business Park, Building 7, 29A Street, Port Saeed, Deira, Dubai |
| Area classification | Straddles Port Saeed / Al Khabaisi (sources use both) |
| Developer / main contractor | ACICO Group, Kuwait |
| Consultant | Adnan Saffarini |
| Year completed | 2011 |
| Floors | 9 |
| Current rent (2026 listings) | ~AED 120 per sq ft/year, flat across unit sizes |
| Distance to DXB Airport | ~8-minute drive |
| Distance to Sheikh Rashid Road | ~0.5 km |
| Nearest metro | City Centre Deira (Red Line area) |
What Is ACICO Business Park?
ACICO Business Park is a commercial office building in Deira built and owned by ACICO Group, a Kuwait-listed construction and real estate company. It’s a single office tower rather than a business “park” with multiple blocks — the name refers to the building, not a campus. The ground floor holds retail units and a restaurant; the upper eight floors are leased office space to companies across trading, legal, marketing, and travel sectors.
Where Exactly Is It Located?
The building sits on 29A Street in Port Saeed — the district immediately east of Deira City Centre and bordering Al Khabaisi, which is why you’ll see both neighborhood names used interchangeably in listings. This isn’t sloppy reporting; the building genuinely sits on the administrative boundary between the two.
| Landmark | Distance / Time |
|---|---|
| Sheikh Rashid Road | ~0.5 km |
| Dubai International Airport (DXB) | ~8-minute drive |
| Dubai Creek | ~2.0 km |
| Dubai Dolphinarium | ~2.8 km |
| Deira City Centre Mall | ~9-minute drive |
| Al Ghurair Centre | ~5 km |
| Dubai Mall | ~15-minute drive |
| Al Mamzar Beach Park | ~10–15 minutes |
See ACICO Business Park on the Map
How Old Is ACICO Business Park, and Who Built It?
The building was completed in 2011 as a nine-storey office tower, with Adnan Saffarini named as consultant on the project record. This is independently confirmed by a contractor project archive, separate from the property-listing sites that repeat the same figures without sourcing them — which matters, because several other facts about this building get copied from site to site without anyone checking the original.
Transport & Metro Access
Sources disagree on exactly how close the metro is — some describe it as walking distance to City Centre Deira station, others describe a short drive. The honest answer: it depends on which entrance and which block of Port Saeed you’re starting from, and foot traffic along Sheikh Rashid Road isn’t always pedestrian-friendly at that distance. If a metro commute is a dealbreaker for your team, verify the walk yourself or check RTA’s journey planner before signing a lease — don’t take any single article’s word for it, including this one.
Multiple bus routes serve the area, and Al Jafiliya and World Trade Centre metro stations are a 5–10 minute drive for anyone who doesn’t mind a short cab ride.
Facilities and Amenities
| Facility | Details |
|---|---|
| Power & water | Uninterrupted supply, backup power |
| Elevators | Multiple lifts serving all 9 floors |
| Security | 24/7 with CCTV coverage |
| Internet | Building-wide connectivity, tenants typically contract their own ISP |
| Meeting/conference rooms | Available in shared and leased configurations |
| Green space | Central courtyard/green area |
| Ground floor | Retail units and at least one restaurant |
| Parking | On-site open parking plus multi-level structure |
Who Actually Rents Office Space Here?
Rather than a generic “IT firms and consultancies” list, here’s what’s verifiably operating in the building right now: Piccolo Mondo Avenue (restaurant and café on the ground floor), Aimacs General Trading, Al Manara Sanitary Installation Services Company, Abdulrahman Al Aamri Advocates & Legal Consultants, and ACICO Real Estate’s own regional office. Marketing and travel firms have also operated from upper floors historically. The mix confirms the building skews toward trading, legal, and services businesses rather than tech startups — useful context if you’re deciding whether the tenant environment fits your industry.
How Much Does It Cost to Rent an Office at ACICO Business Park?
As of July 2026, active listings across multiple unit sizes show a flat rate of roughly AED 120 per square foot per year — an unusually consistent number that holds regardless of whether the unit is small or large. That’s not a coincidence you’ll find explained on any other article about this building; it suggests landlords here are pricing off a fairly standardized rate card rather than negotiating unit-by-unit, which is worth knowing if you’re planning to negotiate.
| Unit Size (sq ft) | Annual Rent (AED) | Rate per sq ft |
|---|---|---|
| 617 | 74,040 | 120 |
| 690 | 82,800 | 120 |
| 749 | 89,880 | 120 |
| 1,560 | 187,263 | ~120 |
| 2,954 | 354,480 | 120 |
| 3,660 | 439,200 | 120 |
Figures reflect a snapshot of live listings in July 2026 and will change as leases turn over — treat this as a benchmark, not a quote, and confirm current asking rates with a licensed agent or ACICO Real Estate directly before budgeting.
For comparison, one commonly repeated “standard” office size of 2,202 sq ft that shows up across nearly every article about this building traces back to a single historical listing — it isn’t the building’s standard unit size, and current inventory ranges far more widely, from under 700 sq ft to over 3,600 sq ft.
Beyond private offices: shared workspace desks run roughly AED 1,500–3,000/month, virtual office packages (mailing address plus reception) run about AED 1,000–2,500/month, and ground-floor retail/café units lease for an estimated AED 80,000–250,000/year depending on frontage — these ranges should be confirmed against current listings before use, as they’re less consistently documented than the per-sq-ft office rate above.
Parking
The building has open surface parking plus a multi-level structure. Reserved monthly parking has historically run AED 500–1,200/month; visitor parking is available directly in front of the building. Confirm current availability with building management, as reserved bays are first-come-first-served in most Dubai commercial buildings and can be fully allocated during busy periods.
About ACICO Group
ACICO Group is a Kuwait-based, Boursa Kuwait-listed construction and building-materials company. It was established on 23 June 1990 — not 1984, a figure that circulates across several other articles about this building and appears to trace back to one uncorrected source rather than to ACICO’s own records. The group has held ISO 9001 certification since 2004 and operates across construction, cement, industrial, homes, logistics, and real estate divisions in Kuwait, the UAE, Saudi Arabia, and Qatar. Its real estate arm manages ACICO Business Park along with other properties in the region.
Is ACICO Business Park Right for Your Business?
| Works well for | Less suited to |
|---|---|
| Trading, legal, and services firms wanting a Deira address | Businesses needing a Downtown/DIFC address for prestige |
| Companies prioritizing airport proximity over metro walkability | Teams fully reliant on metro commuting without checking walk distance first |
| SMEs wanting flexible unit sizes (sub-700 sq ft to 3,600+ sq ft) | Large single-floor corporate HQs (no evidence of full-floor units currently listed) |
| Budget-conscious tenants who value rate predictability | Businesses wanting brand-new Grade-A finishes (building dates to 2011) |
Frequently Asked Questions
Is ACICO Business Park in Port Saeed or Al Khabaisi?
Both — the building sits on the boundary between the two Deira sub-districts, which is why different sources list it under either name. Officially it addresses to 29A Street, Port Saeed.
How much does it cost to rent office space at ACICO Business Park in 2026?
Live listings in July 2026 show a consistent rate of about AED 120 per square foot per year across unit sizes from roughly 617 to 3,660 sq ft. Confirm current rates with a licensed agent, since this shifts as leases turn over.
Is ACICO Business Park close to Dubai Metro?
It’s near City Centre Deira station, but reported walking distance varies by source. Verify the actual walk using RTA’s journey planner rather than relying on any single listing.
How far is ACICO Business Park from Dubai International Airport?
Roughly an 8-minute drive, per Google Maps-based distance data.
When was ACICO Business Park built?
2011, as a nine-storey office building, with Adnan Saffarini listed as project consultant.
Who developed ACICO Business Park?
ACICO Group, a Kuwait-based construction and real estate company established in 1990.
Sources & Methodology
This article draws on live commercial listings (Property Finder, July 2026), an independent construction-project archive listing completion date and consultant, ACICO Group’s own corporate milestones page, and Google Maps-derived drive-time data cited by a Dubai property research platform. Figures that could not be independently verified (walking distance to metro, exact retail rent ranges) are flagged above as estimates rather than presented as confirmed facts.
Written by:
Written by Mehwish
Mehwish is a content writer covering UAE and Khaleej policy, immigration, business, and everyday lifestyle topics, with over two years of experience delivering accurate, research-based updates for residents, expats, and investors.
