Wednesday 15 January 2020
Co-working space provider WeWork has secured an address in Dubai in Building 4 of One Central, an office complex close to the World Trade Center.
The New York-headquartered company is accepting touring requests from start-ups and companies interested in basing themselves out of the office space giant’s new Dubai location.
One Central is its second location in the Middle East. The first, a 5,000 square meter facility, opened in August 2019 at Abu Dhabi Global Market's Hub71 on Al Maryah island.
WeWork is backed by Japan’s SoftBank Vision Fund, which counts Mubadala Investment Company and Saudi Arabia’s Public Investment Fund as its two largest investors.
Founded in 2010, WeWork offers office space to more than 466,000 members.
Co-working spaces have risen in popularity with a rise in tech-based freelance and entrepreneurial work around the world. Nearly 1,688 co-working spaces were forecast to open worldwide by the end of 2019, according to a report by Coworking Resources. The total will reach 26,000 globally by 2022.