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Brookfield Plans $1 Billion Office Tower in Dubai Finance Center

  • Construction to start immediately, finish by end of 2018
  • 1.5 million square-foot tower to be owned by ICD, Brookfield

Brookfield Property Partners LP plans to start building the first commercial tower to be developed in Dubai’s financial district since the global credit crisis seven years ago.

The New York-based company and Dubai’s sovereign wealth fund, Investment Corporation of Dubai, will split the cost of the 53-story tower in the Dubai International Financial Centre, the companies said in joint press conference Wednesday.