Dubai’s DIFC Plans $4.1 Billion Expansion Over 10 Years

Dubai International Financial Centre, a tax-free business zone, plans to add buildings with a value of 15 billion dirhams ($4.1 billion) as high occupancy rates drive expansion, the center’s property director said.

DIFC will seek property companies, developers, funds and real estate investment trusts to develop 17 buildings through joint ventures, DIFC Properties Chief Executive Officer Brett Schafer said today in an interview. The center will contribute land and infrastructure while its partners will be responsible for financing construction, he said.