{"id":60672,"date":"2024-07-01T08:51:42","date_gmt":"2024-07-01T04:51:42","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=60672"},"modified":"2024-07-01T08:51:42","modified_gmt":"2024-07-01T04:51:42","slug":"difc-square-breaks-ground-on-near-1mn-sq-ft-development-to-meet-growing-demand-for-high-quality-office-spaces","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/difc-square-breaks-ground-on-near-1mn-sq-ft-development-to-meet-growing-demand-for-high-quality-office-spaces\/","title":{"rendered":"DIFC Square Breaks Ground On Near 1mn sq.ft. Development To Meet Growing Demand For High-Quality Office Spaces"},"content":{"rendered":"

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, has broken ground on DIFC Square, a landmarkdevelopment and commercial project comprising three interconnected buildings.DIFC Square, which will featureofficesand retail units, will significantly boost the Centre\u2019s real estate offerings while meeting the growing demand for Grade A offices in the heart of Dubai\u2019s financial district.<\/p>\n

Commenting on the development,His Excellency Essa Kazim, Governor, DIFC,<\/strong>said:\u201cAs DIFC continues to strengthen its position as a world-class financial hub, leading regional and global businesses are establishing their presence in the Centre to grow their network and expand across the MEASA region and beyond.DIFC Square will become a valued additionto the Centre\u2019s growing real estate portfolio by providing future-forward, Grade Aoffice spacesdedicated to meeting the demand for high-quality, future-centric commercial property.\u201d<\/p>\n

Driven by record-breaking growth in both wealth and asset management and the insurance business, DIFC Square has elicited robust tenant demand, underscoring the project\u2019s strategic appeal and prime location, while highlighting the strong interest and growing demand for DIFC\u2019s premium urban commercial real estate.<\/p>\n

Strategically situated in DIFC, the project offers unparalleled proximity to Downtown Dubai, Dubai International Airport, Sheikh Zayed Road and other key business and leisure destinations.<\/p>\n

Developed on a 113,500sq.ft. plot,with a total built-up area (BUA) of nearly 1mnsq.ft., DIFC Square\u2019s future tenants and talentwill benefit from close proximityto the Centre\u2019s most sought-after destinations, such asGate Village for fine dining, lifestyle, arts and culture, and Gate Avenue\u2019s extensive range of restaurants, gyms, and retail facilities.<\/p>\n

Providing 600,000 sq.ft. of office space, DIFC Square will feature 17,200sq.ft. of retail space, including a curated mix of shops and F&B outlets.<\/p>\n

With the enabling and foundation works well underway, construction onDIFCSquare is being fast-trackedin order to meet thescheduled handover inQ1 2026. Featuring 8, 10, and 13 floors, sharing one basement and three podiums, the height of the three buildings are 58, 68 and 81 metresrespectively.<\/p>\n

As DIFC continues to strengthen its position as a global financial hub for business and innovation under its ambitious 2030 Strategy, today\u2019s announcement ofDIFC Square follows the successful ground-breaking of the AED 1.1bn Immersive Tower by DIFC in May 2024, further demonstrating the strong demand for commercial property in the heart of DIFC.<\/p>\n

DIFC Living, the Centre\u2019s first residential project, fully sold out within48 hours of its launch in 2023.<\/p>\n

In December 2023, 15 DIFC buildings were awarded Platinum and Gold LEED certification, including The Gate, one of Dubai\u2019s most iconic buildings, which was awarded Platinum status.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, has broken ground on DIFC Square, a landmarkdevelopment and commercial project comprising three interconnected buildings.DIFC Square, which will featureofficesand retail units, will significantly boost the Centre\u2019s real estate offerings while meeting the growing demand for […]<\/p>\n","protected":false},"author":1,"featured_media":60674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-60672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=60672"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60672\/revisions"}],"predecessor-version":[{"id":60675,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/60672\/revisions\/60675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/60674"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=60672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=60672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=60672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}