A new AED5 billion business district has been announced for Dubai International Financial Centre (DIFC) – mixing office space, hospitality, commercial amenities and purpose-built infrastructure.
Construction on Emirates Towers Business Park will begin by the end of the year, with a four-year time frame for completion.
Master planned by Dubai Holding, the development is located between Sheikh Zayed Road and Happiness Street.
The location will host the Museum of the Future, which will offer laboratories for innovation across sectors including health, education, smart cities, energy and transportation.
As well as low- and high-rise office buildings, the development will include three five-star hotels. Jumeirah Group will manage one, while the other two will be managed by leading international hospitality groups.
Emirates Towers Business Park will also offer retail space with assorted international brands and F&B options, a dedicated arena for events, public parks, more than 13,000 parking spaces and two covered pedestrian bridges connecting to DIFC.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the project last month.
Abdulla Al Habbai, Chairman of Dubai Holding, said: “Emirates Towers Business Park demonstrates Dubai Holding’s commitment to the economic diversification of Dubai and strengthening its attractiveness as a preferred destination for regional and international corporates looking to leverage the wealth of opportunities for growth and expansion.”