Furniture firm buys workspace.com domain for $1.45 million

It’s the largest publicly disclosed domain sale of the year.

Workspace Furniture Industry, a Dubai-based firm that designs and sells modern office furniture, has purchased the domain name workspace.com for $1.45 million.

The firm disclosed the purchase on its website at the end of January, one day following its Escrow.com transaction for the domain was completed.

While the notice didn’t include the price, domain broker Richard Coogan, who handled the sale, disclosed to Reglike that the purchase price was $1.45 million. He provided a screenshot of the Escrow.com transaction. Coogan represented the undisclosed seller.

At that price, it’s the highest publicly known domain sale to have closed so far this year.

Workspace furniture explained why the buyout will help the firm:

The buyout of workspace.com aligns with Workspace’s long-term growth strategy and vision of becoming a globally recognized leader in innovative workspace solutions. While workspace.ae will continue to serve as the primary platform for operations in the UAE and the region, the fresh domain provides an expanded digital gateway to showcase Workspace’s portfolio, expertise, and design-driven solutions to a broader international audience.

The domain resolves to a separate website showcasing the firm’s overall business.