Former CEO of O1 Properties and partner to develop flexible offices in the UAE

The investment company Dorossa Investments, created by the former CEO of O1 Properties and Metrika Investments Alexander Ostrovsky, plans to create a network of flexible iSpace offices in the United Arab Emirates (UAE). This was reported to Vedomosti by its representative. According to him, Sergey Kudryavtsev, the founder of the Multispace co-working network, is the partner of Dorossa Investments in this project. He confirmed this information. In addition to them, private investors also take part in the launch of the project, but their names are not disclosed.

Within three years, iSpace intends to build or manage 3,500 sq. m in Dubai and Abu Dhabi, Vedomosti interlocutors say. According to them, the total investment in the opening of these sites will amount to $ 7-8 million. The first site for 953 square meters. m will open in March 2023 in the One Central business center located in the Dubai World Trade Center area. Ostrovsky, through a representative, said that the partnership with Multispace at the expense of IT solutions will allow “to provide a fundamental difference between iSpace flexible offices and all projects currently operating in the local market in this segment.”