Dubai freehold areas and Free Zones (FZ)

Dubai International Financial Centre - DIFC (Freezone)

The DIFC is a 110-acre free zone located at the crossroads of the major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with a 24 hour/7 day a week global financial network. The DIFC is the world's newest international financial center aiming to encompass the same stature as New York, London and Hong Kong. Unlike ‘offshore’ tax havens, the DIFC is a fully fledged ‘onshore’ capital market.

The Dubai International Financial Center - DIFC was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. Since it opened in September 2004, the DIFC has attracted top firms from around the world as well as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September 2005.

DIFC’s ultimate goal is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency. As a new global jurisdiction for financial institutions, the DIFC offers its participants a highly attractive investment environment, including:

• 100 percent foreign ownership

• zero percent tax rate on income and profits

• wide network of double taxation treaties available to UAE incorporated entities

• no restrictions on foreign exchange or capital/profit repatriation

• dollar denominated environment

• transparent operating environment with high standards of rules and regulations

• strict supervision and enforcement of money laundering laws

• ultra modern accommodation, state-of-the-art technology, sophisticated infrastructure

• data protection/security, operational support and business continuity

• facilities of uncompromisingly high standards.

The Dubai International Financial Center - DIFC focuses on several sectors of financial activity:
Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management and Fund Registration; Insurance and Reinsurance; Islamic Finance; Business Processing Operations and Ancillary Services.

In terms of accommodation in Dubai International Financial Center - DIFC, 45 towers will be built and approximately 30% will be residential while 70% commercial.

Damac project in this area is called PARK TOWERS offering commercial and residential freehold DAMAC properties in DIFC - Dubai International Financial Centre–

Park Towers. we only have availability on offices and retail units, the residential has been all sold

Click here for full details on the above freehold properties in DIFC - Dubai International Financial Centre