DIFC breaks ground on its first 170-unit residential offering

DIFC breaks ground on its first 170-unit residential offering

Dubai International Financial Centre (DIFC), the leading global financial centre in the region, has expanded its Innovation Hub with the launch of its first residential offering – DIFC Living and Innovation Two.

DIFC Living and Innovation Two is a mixed use, live-work-play destination with independent, yet connected, residential and commercial uses, said senior DIFC officials at the ground breaking ceremony.

A new concept, it will feature more than 170 upscale residences embracing the future of living, they stated. Following today’s ground-breaking, the completion is expected to be in 2025.

These residences are expected to be highly sought-after, reflecting the strong demand DIFC already has for its owned and managed commercial offices. The development will be seamlessly integrated into DIFC, providing occupants with direct internal and external access to Gate Avenue.

The Hub is generating new economic value by fostering innovation, enterprise and talent across various sectors, focusing on future-oriented industries, he stated.

The project includes 184,000 sq ft of offices and co-working spaces and a further gross floor area of 107,000 sq ft earmarked for retail use. The new phase will also include state-of-the-art conference facilities.

It will become a major part of Phase Three of DIFC’s Innovation Hub, the region's largest innovation community, currently home