The Dubai International Financial Centre (DIFC) recently celebrated the groundbreaking ceremony for its latest architectural landmark in the city’s financial district. The event marked the commencement of construction on a Dh1.1 billion commercial tower, which is set to enhance the district’s office offerings and meet growing demand for Grade A office spaces.

Read this also : Ajman Real Estate Hits $523 Million in Q1 as Golden Visa Investors Boost Sales

The tower, known as the Immersive Tower by DIFC, features a total built-up area of 115,000 square meters and is strategically located next to Daman Tower. The new development boasts views of the ICD Brookfield tower, adding to its appeal for businesses seeking a prime location in Dubai.

Read this also : ASALDI Properties Launches ‘Shades’ in Egypt with $80 Million Investment

Essa Kazim, Governor of DIFC, highlighted the significance of the new tower, stating: “As the number of regional and international financial institutions, FinTech, and innovation firms establishing themselves in DIFC continues to grow, we recognize the need for Grade A office space that caters to the workplaces of the future. The Immersive Tower by DIFC seamlessly blends commercial, amenity, and retail spaces, offering a world-class experience to businesses seeking modern mixed-use environments in Dubai’s financial district.”

Read this also : UAE: Repair Responsibilities in Rented Properties – What Tenants Need to Know

Key Features of the Immersive Tower by DIFC

• Office Space: The tower offers 58,573 square meters of Grade A office space designed for modern businesses.
• Retail Space: Approximately 10,596 square meters of retail space cater to a diverse range of shopping and dining needs.
• Amenities: The tower includes over 680 square meters dedicated to amenities, ensuring a comfortable and convenient working environment.
• Members’ Club: The 26th, 27th, and 28th floors house a Members’ Club exclusively for tenants, providing networking and relaxation opportunities.
• Office Units: The office units range in size from 60 to 158 square meters, offering flexibility for businesses of all sizes.

Read this also : Central and Eastern Sharjah Real Estate Transactions Reach Dh32.3 Million in Q1 2024

With an impressive 92% occupancy rate in 2023 for its combined owned, managed, and third-party commercial properties, DIFC is poised to meet the high demand for premium office space in the region. The Immersive Tower by DIFC is expected to be completed by April 2027, further solidifying the financial district’s status as a premier business destination.