DIFC Square Breaks Ground on Major 1mn sq.ft. Development
DIFC has over 600 financial services firms and more than 40,000 employees.
Dubai International Financial Centre (DIFC), the global financial hub in the MEASA region, has commenced construction on DIFC Square, a commercial development consisting of three interconnected buildings. This project aims to enhance DIFC’s real estate offerings by providing Grade A offices and retail units.[1]
It is situated near Downtown Dubai, Dubai International Airport, and Sheikh Zayed Road.
Future tenants will enjoy nearby attractions such as Gate Village and Gate Avenue, offering fine dining, lifestyle, arts, culture, and extensive retail options.
The project spans a 113,500-square-foot plot and will boast a built-up area of nearly 1 million square feet. It will provide 600,000 square feet of office space and 17,200 square feet of retail space.
DIFC Square, featuring three buildings with 8, 10, and 13 floors, is expected to be completed by the first quarter (Q1) of 2026.
Notably, DIFC Living, the Centre’s first residential project, sold out within 48 hours of its 2023 launch, and 15 DIFC buildings received Platinum and Gold LEED certifications in December 2023, including The Gate, which achieved Platinum status.
DIFC anticipates a record number of businesses to establish themselves in the Middle East's economic hub, drawing in major hedge fund players like Millennium Management and asset managers like State Street.
Ian Johnston, CEO of the Dubai Financial Services Authority, revealed in an interview with Bloomberg, "This year is going to be our busiest year ever."
DIFC has over 600 financial services firms and more than 40,000 employees.
