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The Dubai International Financial Centre (DIFC), the world’s newest global financial hub, was declared open for business in 2004. The DIFC is ideally located to bridge the gap between existing financial centers of London and New York in the West and Hong Kong and Tokyo in East. It will service a region with the largest untapped emerging market for financial services.
The vision of the DIFC is to shape tomorrow’s financial map as a global gateway for capital and investment. Its mission is to be a catalyst for regional economic growth, development and diversification by positioning the DIFC as globally recognized financial centre.
A hub for institutional financial services, DIFC has been designed to:
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Divert the regional liquidity back into investment opportunities within the region and contribute to its economic growth
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Facilities planned privatizations in the region and enable initial public offering by privately owned companies, giving impetus to the program of deregulation and market liberalization throughout the region
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Create added insurance and reinsurance capacity – 65 per cent of annual premium are re-insured outside the region
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Develop a global centre for Islamic Finance – this is now an over $260 billion international market serving large Islamic communities stretching from Malaysia and Indonesia to the United States
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The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the winder region as a whole. Its remit is to create a regional and International capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency. The DIFC will act as a catalyst to the region’s economic development – just as New York, London, Hong Kong and Wall Street have contributed to the growth of the US, European and Asian economies.
All these institutions will receive benefits such as 100 per cent foreign ownership, zero per cent tax rate on income and profit, a wide network of double taxation treaties available to the UAE incorporated entities, no restrictions on foreign exchange, freedom to repatriate capital and profit without restrictions, high standard of rules & regulations, ultra-modern offices accommodation, sophisticated infrastructure, operational support and business continuity facilities of uncompromising high standards.
Focusing on seven primary sectors: Banking services; capital market; Asset management and fund Registration; Reinsurance; Islamic Finance; Business Processing Operations and Ancillary Services, the goal of the DIFC is to be universally recognized as a hub for institutional financial services not just in the region but worldwide, it also aims to create a global centre for Islamic Finance and enhance reinsurance capacity in the region.
The physical infrastructure is also a major factor in enticing international business to locate in the DIFC. So much more than just a financial district, the DIFC is planned to be a ‘city within a city’ that will comprise of a unique integration of buildings and open spaces with over 65% of the total site landscaped with specific green zones. It will ultimately provide over 2 million square feet of ultra modern office space, residential and leisure areas which will include offices, serviced apartments, hotels, shops, restaurants, a museum, an art gallery and a performing arts centre.
Guaranteeing the DIFC’s success is its location. The cosmopolitan city of Dubai has a safe, secure, economically, politically and socially stable environment with superb infrastructure and a highly skilled, educated and multi-cultural workforce. |
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Index Tower is an 80 storey multi-purpose tower with state-of-the-art offices designed for multinational corporations and luxury apartments for those who expect exceptional living.
The Index Tower is located within the prestigious Dubai International Finance Centre (DIFC), the revolutionary hub district dedicated to international finance and corporate offices. Destined to become a regional landmark, Index will allow a particular adaptability that is unusual for those confined to the cloistered surroundings that are often incorporated within traditional skyscrapers.
Project type: 80-storey mixed-use residential and commercial tower
Unit type (residential): 1, 2 & 3 bedroom, duplex and triplex & penthouses
Residential: from 797 sq. ft
Commercial (full floor): 24,187 – 24,445 sq. ft.
Completion Date: First quarter 2009 |
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Liberty House |
Liberty House is the prominent new architectural landmark in DIFC, Dubai’s financial district. Contemporary in design and stylish in its façade, Liberty House is a reflection of the modernity of Dubai.
The 42-storey structure offers 8 floors of freehold open plan offices and 29 floors of luxurious apartments. A Modern, elegant exterior and an interior with cutting edge styling, that use a mixture of glass and both natural and artificial finishes set the tone for a new way of living, working and recreation in the 24 hour hub that is Dubai.
Liberty House offers bright open-plan spaces and flexible layouts that are the key elements of the eight tailor-made studio apartments, 129 luxurious one bedroom apartments and forty-four spacious two bedroom apartments in Liberty House. The floor to ceiling glazing allows natural light and offers picturesque views of the surrounding landscape from the balconies and terraces.
The mainstream of the office space is arranged around a central atrium space providing both light and activity throughout the building. Highly efficient floor plates of either 21m or 14m depth provide a considerable variety of tenant layout opportunities suitable for both cellular and open plan configurations. Extensive and high speed communication infrastructure is provided by DIFC. The floor layouts offer multiple options for the provision of pantries for use by all tenants. Level 8 of the South-East Wing offers the option of a dedicated restaurant while exclusive corporate functions can be held on the rooftop terrace.
Project type: 44-storey residential and commercial tower
Unit type / size:
Residential: Studio, 1, 2 BR, 1 BR duplex, 2BR duplex & 2BR duplex + study / from 473 sq. ft
Commercial: units & full floors / from 473 sq. ft
Completion Date: Ready
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Sky Gardens is a residential development located very close to the Dubai International Financial Exchange and the Dubai Financial Market, and will be built around the 'concept of living reinvented'. This real estate project positioned at the heart of Dubai's booming financial district is developed by Al Mazaya Holding company and its partners.
Floating against the backdrop of verdant tropical gardens, the scimitar stone supports elevate this 36-storey building, creating a residential space that is within the city and apart from it as well. Sky Gardens offers studios, one, two and three bedroom apartments along with luxurious Penthouse units overlooking The Gate Boulevard on a freehold basis. One of the main features of the building is the five exquisite gardens that punctuate the ascending floors, each with their own distinct character.
Project type: 40-storey residential tower
Unit type/sizes: Studio lofts, 1, 2, 3BR, duplexes & penthouse / from 551 sq. ft.
Completion Date: Ready |
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Park Towers at DIFC consist of two 30 storeys high stunningly beautiful towers offering commercial, residential, leisure and retail space. The design of the towers was inspired by the evolution of Dubai, and by the undulating soft forms of the desert. This duality is expressed in the two vertical solid fins representing the rigid urban form reaching into the sky, from which the curved expressive soft form of the tower facade is suspended.
The towers offer around 432 futuristically and aesthetically designed one, two and three bedroom apartments with panoramic views of the financial district. Every apartment includes central air-conditioning, ceramic floors throughout, double glazing, and kitchen amenities including designer fridge and cooker. The intelligent design of the residential units ensures that every apartment has a wide balcony offering magnificent views of the financial district with its parks, cafes and entertainment facilities, and equipped with 5-star amenities such as room service and housekeeping.
Project type: Two 30-storey towers (mixed-use)
Unit Type (Residential): 1, 2, 3 bedroom
Residential: from 850 sq. ft.
Commercial: from 840 sq. ft. Retail: from 700 sq. ft.
Completion Date: August 2009
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The Emirates Financial Tower (EFT) is a multi-use development place within the prominent Dubai International Financial Centre. It was launched in 2005 and was welcomed with high public interest due to its sophisticated design and offering of A Grade office space.
The Emirates Financial Towers (EFT) is an impressive development that is currently under construction in the Dubai International Financial Centre (DIFC). The EFT boasts contemporary and stylish design that features a harmonious mix of residential units with commercial areas. As part of the daring uniqueness of this project, the Emirates Financial Tower management has recently revealed that the outlets available will connect directly with the DIFC Mall, a main tower within the DIFC.
Project type: 26-storey residential and commercial twin towers
Unit size (Commercial): from m 1,750 sq. ft.
Completion Date: Last quarter 2008 |
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The Buildings by Daman is an exclusive freehold development at Dubai International Financial Centre which is due for completion in 2008. The Building offers residents exclusivity with value for money and cost-saving efficiency for upscale commercial clients.
The 235 meter high Buildings by Daman located in the heart of the DIFC precinct is a 65-floor mixed use residential and commercial complex. It includes freehold apartments, offices, a luxury hotel and retail space, encompassing 1.6 million sq ft of built up area surrounded by sculptured gardens and water features. The project is being built on a 220,000 sq ft of land.
Project type: 65-floor mixed-use residential and commercial tower
Unit type / sizes: 1 BR, 2BR simplex/duplex & 3BR/ from 1,001 sq. ft.
Completion Date: End 2008 |
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Located in the DIFC, Limestone House aims to offer exceptionally lavish and spacious one, two, three and four bedroom apartments for a select few discerning buyers. Most apartments overlook the elegant street style courtyard or look out at the exceptional view of the DIFC.
Other facilities of Limestone house include secure parking, a health centre, a concierge, state-of-the-art fitness centre, indoor pool, and Jacuzzi and steam rooms.
Featuring an exceptional blend of architectural décor influenced by ancient Arabia and the exotic Mediterranean, this unique residence has been designed to the time-honoured specifications of the master stonemason, with window length, breadth and height determined by the traditional dimensions of masonry blocks.
Project type: 14-storey residential tower
Unit type / size: 1, 2, 3 & 4 bedroom / from 1,119 sq. ft.
Completion Date: First quarter 2009 |
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