‘The Exchange’ - Latest State-of-The-Art Development at DIFC Has Been CompletedPress Release 17 Mar 2018 02:19 pm
- 84% of the building has been leased
- Ground + 8 storey building with a total leasable area of 147,000 sq. ft.
- Nasdaq Dubai first tenant in new building
- Latest development by the Centre in line with targeted growth by 2024
UAE, Dubai – 17 March 2018: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced today the completion of ‘The Exchange’ building.
Located in DIFC’s Gate Village, The Exchange is a Ground + 8 storey building with 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 AED 180 million building comprises 5 basement levels, bespoke modern and efficient office space, and a new conference centre for hosting events and knowledge sharing engaging sessions. In addition, it could be used as an exclusive alternative to hotel conferencing.
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, including a rooftop restaurant.
84% of The Exchange building has been leased. The first occupant of the new development is DIFC’s long-standing tenant, Nasdaq Dubai, which is expanding their presence and moving from ‘DIFC Precinct Building 5’ to the eighth floor of the new development. This is testament to the significant demand for space at DIFC which continues to develop the infrastructure and offering to meet the requirements of its growing community and retain a reputation for providing the most attractive, sought after business environment in Dubai.
Arif Amiri, Chief Executive Officer of DIFC Authority, said: “Today’s unveiling of The Exchange reflects the impressive pace DIFC has maintained towards achieving our 2024 Strategy, which sets out ambitious targets for the Centre to triple in size by 2024. Development of buildings like The Exchange enables us to attract major players in the financial services industry as we meet their current demands and address future occupier trends. We are confident that The Exchange will enrich the professional and lifestyle experiences of DIFC’s workforce and visitors alike.”
Khansaheb Civil Engineering, the longest standing contractor in the United Arab Emirates, was appointed as the main contractor for the project in July 2016. The concrete skeleton of the development was completed in July 2017.