Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is the world's newest financial hub, was declared open for business in 2004. The DIFC is ideally located to bridge the gap between existing financial centres of London and New York in the West and Hong Kong and Tokyo in the East. It will service a region with the largest untapped emerging market for financial services.
The vision of the DIFC is to shape tomorrow's financial map as a global gateway for captial and investment. Its mission is to be a catalyst for regional economic growth, development and diversification by positioning the DIFC as a globally recognised financial centre.
A hub for insitutional financial services, DIFC has been designed to:
The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. Its remit is to create a regional and International capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency. The DIFC will act as a catalyst to the region's economic development - just as New York, London and Hong Kong have contributed to their respective economies.
All of these institutions will receive benefits such as 100 per cent foreign ownership, zero per cent tax rate income and profits, a wide network of double taxation treaties available to the UAE incorporated entities, no restrictions on foreign exchange, freedom to repatriate capital and profits without restrictions, high standards of rules and regulations, ultra-modern office accommodation, sophisticated infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
The physical infrastructure is also a major factor in enticing international business to locate in the DIFC. So much more than just a financial district, the DIFC is planned to be a 'city within a city' that will comprise of a unique integration of buildings and open spaces with over 65% of the total site landscaped with specific green zones. It will ultimately provide over 22million square feet of ultra modern office space, residential and leisure areas which will include offices, serviced apartments, hotels, shops, restaurants, a museum, an art gallery and a performing arts centre.
DIFC is a 15-storey that designed by the US architects Gensler including the striking building houses the executive offices of the DIFC Authority, the DFSA and leading international financial institutions.The Gate represents the first phase of development that will be a unique incorporation of buildings, which in combination will offer everything expected of a superlative cosmopolitan city - including offices, serviced apartments, hotels, shops and restaurants.It has been planned and designed to become the ultimate in convenience for anyone seeking to live, work and enjoy their leisure time in one strategic location. The enclosure of a museum, an art gallery and a performing arts center will add to the Center's attraction as a resort destination. People will be able to walk from one part of the city complex to another in a temperature-controlled environment, and on the outer perimeter there will be a mechanize transit system circumnavigating the entire district.
The Dubai Mall located in Downtown Burj Dubai is one of the largest malls in the world, will be the premier lifestyle destination for shopping and entertainment. It is a shopper’s paradise featuring 1,200 retail outlets, two anchor department stores, a 220-store Gold Souk and more than 150 food and beverage outlets – all masterfully spread over an astonishing area totalling 12.1 million square feet.
The DIFC District is designed to meet the most exacting demands of the world's most fnancial institutions and the professionals who work for them.
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