DIFC says 600,000 sq ft office project is nearly fully pre-leased ahead of handover.
Dubai: Dubai International Financial Centre (DIFC) announced on Monday the completion and phased handover of DIFC Square, a new commercial office development delivered ahead of schedule. The move comes amid rising demand for office space in the district.
The project delivers 600,000 square feet of Grade A office space and was completed within a 24-month design-and-construction timeframe, the centre said. DIFC noted that the development was nearly fully pre-leased before handover, with occupancy commitments reaching 98.45 percent.
According to the centre, the new office space addresses “unprecedented demand from global and regional companies, as well as existing firms within DIFC that are expanding their presence.”
Several registered companies have secured space in the development as they expand operations, including Bank of Singapore, Deutsche Bank, Gallagher Insurance, Herbert Smith Freehills Kramer, Moody’s, and TP ICAP.
Some firms are relocating to larger premises within DIFC Square, while others are increasing their footprint by taking additional space. Tenants who have already received offices have begun fit-out work, DIFC added.
The relocation of existing tenants into DIFC Square is expected to free up 100,000 square feet of additional capacity in the centre’s Gate District and Gate Village, which remain among the most sought-after office locations within the financial hub.
The development features three interconnected glass-façade buildings, with dedicated parking and retail spaces. Several dining outlets are set to open in the complex, including Duck and Rice, Saddle, Hudson and Rye, Liban, and Cakes and Bubbles.
Saleh Al Akrabi, Chief Real Estate Officer at DIFC Investments, said, “Financial centres of the future focus on innovation, sustainability, digital inclusivity, and customer centricity. At DIFC, we are ensuring all our real estate projects align with this vision while enhancing the quality of life that attracts and retains global talent, cementing Dubai’s position as a top-four global financial centre.”
DIFC Square is part of the centre’s broader expansion plans, which aim to deliver 1.6 million square feet of commercial space in 2026 and 2027. Upcoming projects include DIFC Living, Innovation Two, and Immersive Tower.
The new development has been constructed to LEED standards, with certification by the US Green Building Council expected soon.
