completion "DIFC Square" Ahead of time and with a rental rate of approximately 100%.
Dubai, 9 March / WAM / The Dubai International Financial Center announced today the completion and handover of the “DIFC Square” project ahead of schedule, in a move that meets the growing demand for office space within the center, while achieving leasing rates of nearly 100% before handover.
The project reflects the position of the Dubai International Financial Center as a leading global financial center that continues to attract new companies at an accelerated rate, in addition to providing expansion opportunities for companies operating there.
Several companies registered in the center have begun to enhance their presence within the project by moving to larger headquarters or securing additional space, including the Bank of Singapore, Deutsche Bank, Gallagher Insurance, Herbert Smith Free Hills Cramer, Moody’s, and TBI Cap.
The tenant companies that have taken over their offices have already begun finishing and equipping work, while the center continues to support its clients in choosing appropriate spaces within the project. The move of some companies to “DIFC Square” will provide about 100,000 additional square feet in the “Gate District” and “Gate Village” areas.
The project, which was developed by DIFC Real Estate Development Company within 24 months, includes about 600,000 square feet of office space, and consists of three connected buildings with glass facades, in addition to parking lots and retail spaces that include a number of famous stores and restaurants, including Duck & Rice, Saddle, Hudson & Rye, Liban, and Cakes & Bubbles.
Saleh Al-Aqrabi, CEO of Real Estate at DIFC Investments, confirmed that the completion of the project ahead of schedule reflects the center’s commitment to providing a global infrastructure that supports the expansion and growth of companies, noting that the increasing demand from international companies enhances the attractiveness of the work system in the center.
“DIFC Square” is part of the center’s plan to provide 1.6 million square feet of commercial space during the years 2026 and 2027, within projects that include “DIFC Living,” “Innovation Two,” and “Immersive Tower.” It was also developed in accordance with Leadership in Energy and Environmental Design (LEED) standards, and it is expected to obtain the US Green Building Council certification soon.
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