Dubai, UAE – The latest addition to the attractive range of real estate at Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, is proving a big hit with tenants – with 98% of office space already leased nearing maximum capacity, just months after completion.
Completed in March 2018, The Exchange, part of Gate Village, is set to be home to the regional headquarters of numerous global names, including Nasdaq Dubai and Alsharq News Services. The speed at which nearly all of the 114,000 sq. ft. of office space at The Exchange has been snapped up is an affirmation to DIFC’s position as the financial centre of choice in the region.
Arif Amiri, Chief Executive Officer of DIFC Authority, said: “The Exchange is bringing world-class office experience to our tenants. We are seeing more international companies move to Dubai, or expand their presence here, which demonstrates the growing importance of the Emirate, and DIFC, as a global investment and finance hub.”
Among those that moved into The Exchange is Nasdaq Dubai, which has expanded its current presence in DIFC. As part of its expansion, Nasdaq Dubai is home to MarketSite, which features an event space for market-opening bell-ringing events drawing global visibility, where a wide range of organisations and individuals can make key announcements to the world. The space is also open for corporate functions, seminars, roundtables and educational forums on the economy and business scene.
Hamed Ali, Chief Executive Officer of Nasdaq Dubai, said: "The Exchange provides us with flagship premises and first class facilities as we expand our product offerings and global investor base. MarketSite is a powerful platform for our issuers, market participants and others in the financial services community to tell their story to the world."
Another tenant at The Exchange is CNBC International, a leading global business and finance news network, which is expanding its Middle East operations with a new base at MarketSite. Set to open in October, CNBC International’s studio will ensure the world is kept up to date on the latest developments right from the heart of DIFC.
In addition, Alsharq News Services, the future home for “Bloomberg Asharq” Television, radio and other news outlets will be moving to The Exchange building.
The Exchange is part of the Centre’s ongoing commitment to develop its world-class infrastructure to meet the requirements of the DIFC’s growing community and retain its reputation for providing the most attractive, sought after business environment in Dubai. The ground plus eight-storey building has a total leasable area of 147,000 sq. ft, of which 114,000 sq. ft. is office space and 33,000 sq. ft. is retail space. The development also includes ‘The Exchange Square’, a landscaped piazza, serving as an extension of the existing Gate Village podium, and three licenced world-class restaurants.
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About Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is one of the world’s top financial centres, and the leading financial hub for the Middle East, Africa and South Asia. The Centre provides a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas and facilitates growth in South-South trade and investment. An onshore, international financial centre, DIFC offers a stable, mature and secure base for financial institutions to develop their wholesale businesses.
The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator and judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.
Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.
In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing the Middle East, Africa, Southern Asia and Latin America.
Currently, 2,003 active registered companies operate from the Centre, with a combined workforce of 22,768 professionals.
DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.7 trillion.
For further information, please visit our website: www.difc.ae, or follow us on Twitter @DIFC.
For media enquiries, please contact:
Manal Shaikh
Dubai International Financial Centre Authority
Senior Manager, Communications
Tel: +971 4 362 2453
Email: manal.shaikh@difc.ae
Joudi Issa
Brunswick Group
Tel: +971 4 560 9600
Email: DIFC@brunswickgroup.com
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