Sales for DIFC’s first premium residential offering to open on Sept 20

Dubai International Financial Centre (DIFC) has introduced a new high-end residential offering, DIFC Living. The development will be open for sales on September 20, according to the financial centre.

Global property consultancy firm Knight Frank has been appointed as the exclusive sales and marketing partner and will be responsible for the sale of the residences.

The new residential project will provide residents easy access to:

• Gate Avenue, a collective of retail outlets, fashion brands, and a community of gourmet kitchens
• Gate Village, with fine dining and art galleries set in an outdoor environment
• Gate District cafes, restaurants, retail outlets, beauty salons and other conveniences curated for people on the go

Saleh Al Akrabi, chief real estate officer, DIFC Investments, said: “Today, how we live, work and unwind universally, and in DIFC, is constantly evolving. This demands a renewed understanding of the way we use spaces within our homes and workplaces, and DIFC Living is our response to this. The new development offers harmonious state-of-the-art living, commercial, and co-working spaces all under one roof, designed for our ever-growing international community.”

Dubai continued to lead the Knight Frank Prime International Residential Index (PIRI 100) for the second consecutive year, with costs of premium residential properties in the emirate registering a 44.2 per cent growth in 2022, the highest in the world.

“The launch of this new mixed-use tower will not only raise the bar in the region’s premium residential offering, it strengthens DIFC’s position as one of Dubai’s most high-profile business and lifestyle locations. Working with the DIFC team over the last several months, we are confident this debut residential project will prove incredibly popular with investors and end-users alike,” added Dean Foley, associate partner – Residential Sales and Marketing at Knight Frank MENA.

DIFC sees rise in companies in H1 2023

In other news, the financial centre witnessed double-digit growth in the first half of 2023, with 661 new entities registering during the period in the centre.

The total number of companies operating in the financial centre rose from 4,031 to 4,949 at the end of June 2023, a year-on-year increase of 23 per cent.