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DIFC Square Breaks Ground on 1mn sq.ft. Development for High-Quality Offices

Photo : Dubai Government Media Office

Dubai International Financial Centre (DIFC), a leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, has initiated construction on DIFC Square, a landmark development consisting of three interconnected buildings. This project aims to enhance DIFC's real estate offerings, catering to the rising demand for Grade A office spaces in Dubai's bustling financial district.

His Excellency Essa Kazim, Governor of DIFC, emphasized the significance of DIFC Square in bolstering the Centre's stature as a premier financial hub. He highlighted its role in accommodating regional and global businesses seeking to expand across MEASA, underscoring the project's focus on providing modern, future-oriented commercial properties.

DIFC Square has already garnered substantial tenant interest, driven by robust growth in wealth and asset management sectors, as well as insurance businesses. Its strategic location within DIFC offers unparalleled access to Downtown Dubai, Dubai International Airport, and Sheikh Zayed Road, making it an attractive choice for businesses.

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Spanning a 113,500 sq.ft. plot with a total built-up area of nearly 1 million sq.ft., DIFC Square will provide 600,000 sq.ft. of office space and 17,200 sq.ft. of retail space. It will integrate seamlessly with DIFC's vibrant lifestyle and commercial amenities, including Gate Village for dining, arts, and culture, and Gate Avenue for retail and fitness facilities.

Construction is progressing swiftly, aiming for completion by Q1 2026. The development comprises three buildings of varying heights (58, 68, and 81 meters) with shared basements and podiums. This initiative aligns with DIFC's ambitious 2030 Strategy to consolidate its position as a global financial and innovation hub.

DIFC Square's launch follows the successful ground-breaking of the AED 1.1 billion Immersive Tower in May 2024, reinforcing strong demand for commercial properties within DIFC. The Centre's commitment to sustainability is evident through the LEED certification of 15 buildings, including the iconic Gate, underscoring its dedication to environmental responsibility.

Additionally, DIFC Living, the Centre's inaugural residential project, achieved full sell-out within 48 hours of its 2023 launch, further highlighting the demand for premium real estate offerings in DIFC's dynamic environment.

June 30, 2024 11:35 a.m. 439

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