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Completion Of The Commercial Tower Is Slated For April 2027.
Dubai International Financial Centre (DIFC) has initiated the construction of the Immersive Tower, a project valued at $299.50 million, within the heart of the emirate’s financial district. This 37-storey mixed-use tower, boasting a total built-up area of 115,000 square meters, is strategically positioned adjacent to Daman Tower, with panoramic views overlooking the iconic ICD Brookfield tower, as revealed in DIFC’s recent statement.
Crafted by AEDAS and developed by DAR Group, the Immersive Tower will comprise 58,573 square meters of Grade A office space, complemented by nearly 10,596 square meters of retail outlets. Additionally, over 680 square meters are designated for amenities, ensuring a comprehensive and modern workspace environment. The tower’s completion is slated for April 2027, aligning with DIFC’s vision for continued growth and innovation in its bustling financial landscape.
Notably, DIFC’s commercial space has enjoyed robust occupancy rates, reaching 92 percent in the previous year, as highlighted in the statement. Looking ahead, industry experts anticipate significant expansion, with a projected influx of 156,000 square meters of gross leasable area (GLA) into the country’s office sector in 2024, alongside an additional 160,000 square meters of retail space expected solely in Dubai, according to a report by global consultancy JLL.
