DIFC unveils Dh 475m project
dubai — Dubai International Financial Centre (DIFC) on Tuesday unveiled a Dh475 million ‘Gate Avenue’ with an aim to create a unique cultural experience in the region.
Spanning a build-up area of 660,000sqft, Gate Avenue will feature more than 150 boutiques and retail outlets, and a modern and emblematic mosque. The new development will link a network of residential and commercial buildings across the 110-acre financial district. Its construction will start in the third quarter of this year and set for completion by the end of 2017.
The project is set to emerge as a premium lifestyle destination offering vibrant and world-class amenities to the financial centre’s diverse community of professionals, residents and visitors. It will also provide seamless connectivity to all building podiums within the district.
“The project will be a significant value-add for professionals and residents currently working and living in the district, and create an even more attractive proposition for prospective clients and ten- ants, as we build on our already world-class infrastructure platform,” DIFC governor Essa Kazim said in a statement.
Gate Avenue at DIFC will amplify the financial centre’s lifestyle offering with its aesthetic appeal that seamlessly connects three integrated zones. Each zone will feature distinctive elements, connected by an open-air Promenade Level.
The North Zone will offer access from DIFC’s popular Marble Walk at the Gate Building, and serve as a meeting point for professionals within the district, featuring exclusive retail offerings, high-end stores and luxury outlets. Transitioning from the North Zone, the Central Zone will feature a plethora of high-street brands, a variety of beautiful indoor restaurants as well as sumptuous al fresco eateries. With easy connections to the Financial Centre metro station, the Central Zone will also comprise convenience retail stores to cater to the metro traffic.
Primarily tailored to the residents of the financial district, South Zone will focus on the community within DIFC and feature family amenities that help foster the community-living experience.