New towers push Uptown Dubai office space past 1 million sq ft as demand continues to rise.
Dubai Multi Commodities Centre announced the launch of two new commercial towers in Uptown Dubai, adding more than 560,000 square feet of premium office space as demand from finance and technology firms continues to grow.
The twin developments — One Uptown Place and Two Uptown Place — will push the district’s total commercial office space beyond 1 million square feet.
Leasing is expected to begin in the second half of 2026, with project completion scheduled for the first quarter of 2028.
The move marks the latest phase in the expansion of Uptown Dubai, as Dubai Multi Commodities Centre aims to position the district as a leading hub for global trade, capital markets, and emerging technologies.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of Dubai Multi Commodities Centre, said businesses are increasingly seeking integrated ecosystems rather than standalone office space.
“Companies today are prioritising locations that offer connectivity, flexibility, and access to capital and markets,” he said.
“With these new towers, we are responding to strong demand across trade, finance, and technology, while taking Uptown Dubai’s commercial capacity beyond 1 million square feet.”
The two towers will rise 21 and 15 storeys, offering office spaces ranging from 2,100 to 17,600 square feet.
Some floors will feature multi-level layouts connected by private staircases, designed for larger occupiers looking for more integrated workspaces.
An additional 82,000 square feet of retail space will also be included, further strengthening Uptown Dubai’s position as a mixed-use destination that combines offices, retail, and lifestyle offerings.
DMCC expansion
The expansion comes as Dubai Multi Commodities Centre continues building new business ecosystems, including FinX and the Wealth Hub, aimed at financial institutions, fintech firms, and digital asset companies.
These sectors are increasingly driving demand for high-quality office space in well-connected locations.
“The scale and sophistication of demand we are seeing is growing rapidly,” said Ahmed Bin Sulayem.
“Uptown Dubai is evolving into a fully integrated district that offers companies a premium platform to grow and operate globally.”
Designed by Brewer Smith Brewer Group, the towers will include amenities such as in-building dining, retail outlets, and a swimming pool.
More than 1,600 parking spaces, valet services, and a dedicated shuttle to the Dubai Metro are also planned.
The buildings will also feature floor-to-ceiling glazing, destination-controlled elevators, and inter-floor connectivity to improve efficiency for larger tenants.
Both towers are targeting LEED Gold certification, with energy- and water-efficient systems as well as enhanced indoor environmental standards.
Dubai Multi Commodities Centre is currently accepting expressions of interest from prospective tenants ahead of formal leasing later this year, signalling strong confidence in Dubai’s commercial real estate outlook.
