Dubai Financial Market receives land for new HQ

Local stock exchange Dubai Financial Market announced on Thursday that it had received a plot of land in the emirate’s Business Bay district to construct its new headquarters.

The land plot from Dubai Holding subsidiary Dubai Properties measures 10,232 square metres and has a market value of Dhs 231m ($62.8m).

The move is part of Dubai’s market development vision, a DFM disclosure to regulator the Emirates Securities and Commodities Authority said.

It was not revealed when the company planned to move from its current location at Rashid Tower in World Trade Centre.