The Dubai International Financial Centre (DIFC), a prominent financial hub in the Middle East, has unveiled plans for a substantial expansion project christened DIFC Square. This ambitious development signifies DIFC's commitment to solidifying its position as a leading global center for finance and innovation.
DIFC Square will encompass three interconnected buildings offering premium office spaces and retail units. The project boasts a sprawling one million square feet, strategically located within the heart of Dubai's financial district. The development occupies a prime plot of 113, 500 square feet and aligns perfectly with DIFC's 2030 Strategy, which envisions the center flourishing as a hub for global financial activities and groundbreaking advancements.
Construction on DIFC Square is underway, with enabling and foundation works progressing swiftly. The project is anticipated to be completed by the first quarter of 2026. To cater to the burgeoning demand for top-tier office spaces, DIFC Square will provide a substantial 600, 000 square feet of dedicated office space. Complementing the office areas will be a curated selection of retail establishments, encompassing over 17, 200 square feet, offering a blend of shops and food and beverage outlets. This vibrant retail scene promises to add vibrancy to the development and provide a comprehensive experience for tenants and visitors.
DIFC Square's inauguration follows the recent announcement of the 1. 1 billion dollar Immersive Tower project in May this year. This surge in development exemplifies DIFC's unwavering focus on growth and its dedication to offering world-class financial infrastructure. The center's dedication to expansion is further emphasized by the phenomenal success of DIFC Living, the financial center's first residential project. Launched in 2023, DIFC Living achieved complete sell-out within an impressive 48 hours, signifying the strong demand for premium residences within the district.
The groundbreaking ceremony for DIFC Square represents a significant milestone for Dubai's financial sector. This ambitious project is poised to further solidify DIFC's position as a premier destination for international businesses and financial institutions. With its emphasis on innovation, high-quality infrastructure, and a curated retail experience, DIFC Square is set to transform the landscape of Dubai's financial district and contribute to the emirate's unwavering ambition to become a global financial powerhouse.