DIFC breaks ground on new real estate development

Image: DIFC

Dubai International Financial Centre (DIFC) has commenced the development of DIFC Square.

This ambitious venture, comprising three interconnected buildings, aims to meet the growing demand for premium office spaces and retail units in the heart of the city’s financial district.

Strategically positioned within the financial district, DIFC Square spans a sprawling one million square feet, occupying a prime 113,500 square feet plot.

The development boasts a modern design with buildings ranging from 8 to 13 floors, featuring a basement and three podiums, towering between 58 and 81 metres in height.

Highlights of DIFC Square

The new development is set to offer 600,000 square feet of state-of-the-art office space, complemented by 17,200 square feet dedicated to retail, including an array of curated shops and fine dining establishments.

Its strategic location provides accessibility to Downtown Dubai, Dubai International Airport, Sheikh Zayed Road, and other key business and leisure destinations, ensuring convenience for tenants and visitors.

Essa Kazim, governor of DIFC, said, “DIFC Square underscores our commitment to meeting the evolving needs of leading businesses across the MEASA region and beyond,” he stated, highlighting the development’s role in enhancing the financial centre’s premium real estate portfolio.

Driven by robust tenant demand, fuelled by the rapid growth in wealth management and insurance sectors, the project has already garnered substantial interest.

Construction is progressing swiftly, with groundwork well underway to ensure timely completion by Q1 2026.

This development aligns seamlessly with the financial centre’s ambitious 2030 Strategy, aimed at fortifying its position as a global financial and innovation hub.

Other upcoming developments at the financial centre include the 1.1bn Immersive Tower in May.

DIFC Living, the centre’s first residential project, fully sold out within 48 hours of its launch in 2023.