Overview
An introduction to Real Estate Opportunities in DIFC, Dubai
Location:
Adjacent to the Sheikh Zayed Road- The World Trade Centre and Burj Dubai
The emergence of Dubai International Financial Centre (DIFC) and the legislation enabling it to begin attractive financial business to Dubai is a critical part of Dubai's plan to attract high quality expatriate staff in to what they plan will be a world class financial centre.
Residential and commercial blocks within the DIFC have already begun construction and if it is as truly successful as the plans put together, then this development will have a significant impact on both commercial and retail property near the Sheikh Zayed Road.
As capital cities like London have shown with Canary Wharf, once the financial services industry develops fully and the large investment banks and corporations have begun to move in, there is a significant demand for both office, retail space and accommodation in close proximity. Over the medium term we expect the DIFC will command the highest values per sq.ft within Dubai along with high rental yields as one would expect from property near the business district. Already investment banks have begun to move into the DIFC principally within the impressive "Gate" which represents the first of a number of startling commercial blocks.
Only 30% of the total DIFC area will be residential. It is designed for financial and business professionals seeking to live, work and enjoy their leisure time in one strategic location. The inclusion of a museum, art gallery and a performing arts centre will add to its overall attraction.
