DIFC Gate Village 11 development named ‘The Exchange’Press Release08 Mar 2017 12:00 pm
Dubai-UAE: 8 March 2017 – Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asian region, has named its Gate Village Building 11, ‘The Exchange’.
Following the appointment of Khansaheb as the main contractor for the project in July 2016, concrete works of the substructure have been completed, with the podium level on target for completion in March 2017, in line with planned milestones. The concrete skeleton of the structure will be completed by July 2017, with completion of The Exchange expected in the first quarter of 2018.
Built at a total construction cost of AED180 million, ‘The Exchange’ will have a total leasable area of 147,000 sq. ft., offering 114,000 sq. ft. of office space and 33,000 sq. ft. of retail space.
A concourse floor, located on the podium level of The Exchange, will offer F&B offerings from two world-class restaurants. The outlets will front onto ‘The Exchange Square’, a landscaped piazza which will serve as an extention of the existing Gate Village podium. The first floor of the development will include a state-of-the-art business centre, with high quality finishes and fit-outs, with seven additional office floors above it. The top floor of the development will provide a dedicated rooftop space for a unique addition to DIFC’s acclaimed portfolio of international restaurants.
Furthermore, long-standing DIFC tenant Nasdaq Dubai has confirmed its relocation from DIFC Precinct Building 5 to the eighth floor of The Exchange.
Nabil Al Kindi, Executive Vice President of DIFC Property Development, said: “The Exchange is a very attractive addition to our existing Gate Village and highlights our efforts to continuously enhance the appeal of DIFC, a destination beyond a financial centre. This latest development is testament to the significant demand for space at DIFC, as we endeavour to further develop our infrastructure and offering to meet the requirements of our growing community, in line with our 2024 strategy.”