Dubai International Financial Centre Guide Contents
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Propsearch guide to Dubai real estate: Developments

Dubai International Financial Centre (DIFC)

District, Dubai
Dubai International Financial Centre Key Information
Location type
District
Area
Dubai
Also known as
DIFC

Dubai International Financial Centre Overview

This 110 acre financial quarter is located between Burj Khalifa and Emirates Towers, and comprises three districts: commercial, retail and residential. All three are linked by a retail corridor. Roughly sixty percent of the properties planned for DIFC have been completed, while the remainder are still in development.

DIFC is well connected to the rest of Dubai by excellent road and rail links, Dubai International Airport and the business districts of Downtown Dubai and Business Bay are all less than twenty minutes drive or twenty five minute train ride away.

Because DIFC is the financial centre of Dubai the majority of buildings are commercial properties. About 30% of the land here is earmarked for high rise apartments, and of that about one third has been built. Park Towers, twin 49-storey apartment buildings, have been completed, and when the first tranche of apartments went on sale they were snapped up within 48 hours.

The luxury fit-out may not always be matched by a luxury floor plan, but if you can’t have it all at least you get fantastic views of some of Dubai’s most famous landmarks, including the Burj Khalifa and Emirates Towers.

In January 2019 it was announced that DIFC was to be expanded by the addition of 13 million sq ft of space, to be known as DIFC 2.0.

Companies Associated with Dubai International Financial Centre
Master Developer

Dubai International Financial Centre Amenities

Those who live here can eat, shop, work and play all within DIFC. A walk down from one of the residential buildings leads straight onto DIFC’s retail corridor, lined by individual stores and host to regular farmer’s markets, so that residents rarely have to leave the district in order to find what they need. A modern health club offers sports enthusiasts a variety of facilities, including squash, tennis and basketball courts. The landscaped grounds provide residents with places to walk and socialise. Fine dining, cafés, well-known retail stores and an entertainment centre are all just a short walk away.

DIFC’s Town Centre, still in development, claims to become one of Dubai’s ‘most distinctive lifestyle destinations’, with outdoor restaurants and cafés and a variety of street entertainment acts. It will also offer a central market selling fruit, vegetables, fish, meats and cheeses.

A cinema and theatre will add to the evening attractions, and those looking to party until the early hours will, we are told, be able to meander into one of the district’s varied nightclubs and dance the night away.

Financial Freezone

The Dubai International Financial Centre is a business freezone geared towards financial institutions looking to establish operations in Dubai. It is an independent jurisdiction under the UAE Constitution and has its own civil and commercial laws, based on English law, which it upholds though its own court system and arbitration centre. This covers areas such corporate, commercial, civil, employment, trusts, and securities law. UAE criminal and immigration laws still apply however.

The area is governed by the DIFC Authority and is self regulated under the Dubai Financial Services Authority (DFSA). It even has its own financial exchange, the NASDAQ Dubai, which has been in operation since 2005.

There are currently over 1,200 firms licensed in the freezone with a workforce of around 18,000 and over 280,000 of let office space. As per the freezone rules all companies enjoy zero tax on income and profits as well as unrestricted repatriation of capital.

Expansion Plans

In March 2015 the DIFC announced plans to build a new commercial building in Gate Village as well as a 150 unit retail development which will link together all of the existing buildings. The new building, named The Exchange, was completed in March 2018.

Dubai International Financial Centre Map

Dubai International Financial Centre News

Dubai International Financial Centre Road Access

Most people who work here live in neighbouring districts and make use of the excellent road and rail links to commute. Sheik Zayed Road, the main highway through Dubai, passes alongside DIFC.

Dubai International Financial Centre Public Transport

The metro also passes through DIFC with two stations, Financial Centre and Emirates Towers, serving the district.

Dubai International Financial Centre Design Stage

Dubai International Financial Centre Communities

We currently maintain records for 2 sub-communities in Dubai International Financial Centre.

Dubai International Financial Centre Reviews

See what the residents have to say by reading 5 user reviews courtesy of flatreviews.com

starstarstarstar_borderstar_border

Dubai International Financial Centre reveives an overall rating of 3 based on 5 reviews. Users were asked to consider many factors including the view, finishing, layout, noise levels, traffic, public transportation, parking, security, swimming pool, gym, and maintennance.

13th Nov, 2016
Muhammad Ammar
From Middle East
Moved here in 2015
Living with spouse
starstarstarstarstar_border
Next to DIFC
The location
Traffic
Handy location if you work in DIFC but public transport is a good 10 minute walk and the traffic is very heavy in the peak times. The building itself is well executed with amazing restaurants in the neighborhood.
This review is the subjective opinion of a Propsearch or FlatReviews.com user and not of Propsearch LLC
15th May, 2016
Sam
From Canada
Moved here in 2016
Living with spouse
starstarstar_borderstar_borderstar_border
Overpriced and overrated
Location
Maintenance and lack of comfort
This is one of those buildings that looks great on the surface but scratch a little bit deeper and you'll find countless flaws. I'll try to focus on the main complaints but they all boil down to one cause - the lack of experience by the developer in constructing mega more… towers in Dubai. This is their first and only major development and you realize that very quickly once you live here. The ACs in the bedrooms are very weak. They used smaller units undoubtedly to save money but what that means is come summer time, your AC will not cool your room below 24 degrees. If you like it a bit cooler than that then you're out of luck. Walls are paper thin so neighbors complaining to each other about the noise levels are common place. For weeks we had to deal with a pungent smell coming out of the vents in addition to the occasional loud bang/pop sound. Maintenance was at a loss to explain or solve it but after weeks of restless nights it one day disappeared on its own. There are no signs that the gym is ever going to be constructed. There's a spacious area reserved for it but no one knows whether the building is interested/ has the funds to fit it out. Parking for residents is 5 floors below ground. The 4 floors above are mainly empty. Resident are not allowed to park there despite there being plenty of empty spaces. 2 bedroom apartments are allocated only 1 parking spot despite there being several football fields of empty space. Of course, you can always spend money to buy an extra spot but that doesn't quite seem fair given the availability of spots. Guest parking runs at 20 dirhams an hour six days a week. If you have a group of guest coming over the total parking bill can stretch into many hundreds of dirhams per day. While the exterior looks very polished and some of the finishing looks good - that doesn't make up for the total lack of experience by the developer coupled with an attitude of disregard for the residents happiness in order to cut costs where needed. If you work in the DIFC the location is hard to beat but for the money one spends here you would a more pleasant experience Show less
This review is the subjective opinion of a Propsearch or FlatReviews.com user and not of Propsearch LLC
26th Oct, 2015
Peyman
From Canada
Moved here in 2015
Living with spouse
starstarstarstarstar_border
Lots of Pros, few cons
Spacious, views, finishing, quality, trendy, luxury
Gym, parking fee
Moved here in April 2015 with my wife. We absolutely love it here in Burj Daman. Will only detail the cons, all else is perfect. - rather thin walls, neighbour came over few times to complain about music level. - gym still not open (not sure if they ever will) - not allowed to more… eat, drink by the pool (although they have become a little more easy going recently) - guests used to park in the valet parking free, now they are charging 10aed/hr (first hour free). it's too expensive! - renting an extra parking spot as tenant is too expensive minimum of 1200aed/month all else is amazing! very clean, great finishing, great service, walking distance to everything. Show less
This review is the subjective opinion of a Propsearch or FlatReviews.com user and not of Propsearch LLC
20th Oct, 2015
Annu
From Finland
Moved here in 2015
Living with spouse
starstarstarstarstar_border
Lovely apartment but
Layout, kitchen, swimming pools
Unclean windows, delays, problem with keys
We really love our duplex apartment, layout is great and interior is wonderful. Location is great, you can walk easily to metro or Dubai Mall and there are no traffic so driving is easy. There are two pools that are great and reception and security staff is amazing and caring. more… Tower is very new and thus there are certain problems that hinder living here. Windows have not been cleaned once even people have lived here more than half a year. You are not able to see thru the windows which is pity since we were looking for cheaper apartment but wanted to pay more for the huge windows. Also the gym and other services are not open yet and they keep informing new dates when they should open. However maybe the biggest problem is that for 2 bedroom apartment there are only two keys and no-one is able to duplicate them since you need to order them from Germany. No-one from staff or developer has been able to help us to get more keys and two keys are not definitely enough for 2 bedroom apartment. It's hard to try to always agree who is keeping the key. However without those problems, tower is great and as said layout and interior of the apartment is nice as well as the security and the reception staff is very caring. Show less
This review is the subjective opinion of a Propsearch or FlatReviews.com user and not of Propsearch LLC
20th Dec, 2014
Hakim
From Qatar
Moved here in 2014
Living with spouse
starstarstar_borderstar_borderstar_border
Dont rent, overrated
Close to DIFC
Poor management
Despite an agreeable look and finishing, the building is poorly managed and poses many constrains which make tenants' lives difficult. -gym unequipped. For what you pay the least you could have is a decent gym. Reason invoked: building is still new! -pool area empty, no chairs or beds of any kind, no more… way of buying a drink or a snack, not even water. Total dead area :(( -no trollies or any help when you come back from supermarket or the mall with a ton of things to carry from car to apartment. Especially hard if you have kids. You will have to make several trips from car to apartment to offload your bags. This is despite many demands. -no mini market -no laundry service -no atm machine -security personnel are very uptight and rules unecessarily complicated. Good luck to a friend or a taxi waiting for you downstairs. -allocated car parks are burried on basements 3 and 4. It takes around 10 minutes from parking entrance to front door. Don't come to Burj damanShow less
This review is the subjective opinion of a Propsearch or FlatReviews.com user and not of Propsearch LLC

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