Post by : Bianca Haleem
Dubai has unveiled the DIFC Zabeel District, a significant expansion initiative for the Dubai International Financial Centre (DIFC), introduced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The initiative seeks to solidify DIFC's status as the premier financial hub across the Middle East, Africa, and South Asia while further enhancing Dubai’s appeal as a prime business and lifestyle destination.
Spanning over seven million square feet, this project will provide 17.7 million square feet of constructed space with a total development value exceeding AED 100 billion, marking the largest demand-driven expansion of a financial center in the area.
Sheikh Mohammed emphasized that Dubai is rooted in ambition and forward-thinking accomplishments, focusing on shaping global progress. He pointed out that the new district will accommodate over 42,000 companies, support more than 125,000 professionals, and dedicate over one million square feet for future technologies and artificial intelligence.
The Zabeel District will feature a distinctive bridge linking it to the existing Gate District, ensuring a seamless extension of DIFC’s urban area.
The venture will roll out in six phases, with a public opening anticipated in 2030 and full project completion expected by 2040.
Modern Infrastructure and Lifestyle Elements
The DIFC Zabeel District will host a dedicated art pavilion, reinforcing DIFC's cultural and artistic significance. It will also feature commercial offices, residential spaces, a central boulevard, a conference center, hotels, upscale retail, and state-of-the-art technology infrastructure.
The district will include green open areas and biodiversity-centered landscapes to promote healthier living and working spaces. The design prioritizes connectivity, integrated living, and easy access throughout the community.
Decline in Australian Wine Exports by 8% Highlights Market Challenges
Australian wine exports dropped 8% to A$2.34 billion due to lower global demand, particularly in Chi
US Increases Tariffs on South Korea Amid Investment Delays
The US plans to boost tariffs on South Korean imports as Seoul delays a crucial $350B investment, es
Strengthening Ties: U.S. and Taiwan Collaborate on AI and Tech Security
The U.S. and Taiwan enhance collaboration in AI and tech sectors, focusing on supply chain security
China Greenlights Nvidia H200 AI Chip Imports, Igniting Tech Prospects
China's approval of Nvidia's H200 AI chips marks a pivotal moment for tech growth, benefiting major
Border 2 Impresses at the Box Office, Nears ₹200 Crore
Border 2 achieves a phenomenal opening and is quickly closing in on ₹200 crore, outshining all Repub
Arijit Singh Steps Away from Playback Singing: An Era Ends for Bollywood
In a shocking move, Arijit Singh announces his retirement from Bollywood playback singing, marking a