DIFC

About Dubai International Financial Center (DIFC)

Dubai International Financial Center (DIFC) is a residential and commercial community in the suburbs of Dubai. The district, with a total area of over 110 hectares, includes business centers and residential complexes. Flats and apartments are purchased here not only for permanent residence or seasonal holidays but are also considered investments in Dubai real estate.

The community is among the top five in the demand for housing in the region. Tourists are attracted by the well-developed infrastructure and transport links, which make it possible to get anywhere in Dubai. The question of when Dubai International Financial Center (DIFC) was built can be answered by naming the date when the decree on its establishment was signed. This happened in 2004. The Free Economic Zone is in high demand not only by companies from Asia and the Middle East but also in Europe.

The district is designed in a modern style and meets the strictest requirements for comfort. In addition to commercial and retail areas, there are residential properties in DIFC. The largest art gallery in the city is also located in the area. The dynamic rhythm of life is connected with business activity and cultural events. The district continues to develop, and its expansion is planned for 2024.

Properties in DIFC

It includes the needs of a broad social audience. There is property for sale for one person and these are the coziest studios. Their advantage is the affordable price compared to more spacious housing. There are also apartments with several bedrooms for families. Since the region consists of high-rise buildings, there are luxury penthouses for 4 or 5 bedrooms for sale.

Commercial real estate is in detached or mixed buildings. Office buildings are independent real estate, but retail outlets, restaurants, and other organizations specializing in various services can be found in residential complexes.

Rental trends in Dubai International Financial Center (DIFC)

The price of rental housing is calculated for a year and depends on the prestige of the property and its area:

The average cost of a studio reaches AED 55,000.
A 1-bedroom flat can cost AED 80,000.
2-bedroom apartments have a price of AED 100,000-120,000.
Rent of apartments with 4 or 5 bedrooms varies from AED 280,000 to AED 450,000.

Penthouses hold the highest price. Exclusive 2–story apartments are in SkyGardens DIFC-one of the elite buildings of the community. In general, there is a wide choice, and there are no difficulties with where to live in DIFC.

The rental of office space and shopping areas is also related to the size. An office can be temporarily rented for AED 100,000. The maximum price reaches over AED 5,000,000. Renting a store can cost AED 65,000 and reach AED 500,000.

Sales trends in Dubai International Financial Center

The property for sale has the following prices:

The price of studios starts from AED 700,000-850,000.
A 1-bedroom flat costs over AED 1,350,000.
A 2-bedroom apartment will cost AED 2,250,000.
3-bedroom flats are available on the market for AED 3,600,000.

Useful information for real estate investors in Dubai International Financial Center (DIFC)

Owning property in the UAE is profitable. It is increasing in price, is in demand, and is not taxed. This makes it possible to rent out housing and legally receive a net profit.

ROI in DIFC

Studio investments have the highest ROI. 1-bedroom flats are in similar demand. Their annual payback can reach 6%. For 2-bedroom apartments, this figure is reduced to 5.5%, and 3-bedroom housing can bring a 4.5% profit when renting it out.

Amenities in Dubai International Financial Center (DIFC)

There are numerous shops and shopping centers, restaurants, and public organizations in the region. Increased attention is paid to the development of infrastructure, so sports grounds and parks for walking are nearby. There are also entertainment and wellness centers.

The most popular buildings in Dubai International Financial Center (DIFC)

There are several towers with sought-after real estate and some of the most popular buildings in DIFC, such as:

Central Park Towers. Here you can find flats with one or two bedrooms, duplexes, and triplexes.
Sky Gardens DIFC. The 40-story skyscraper includes over 500 luxury apartments in DIFC. It has everything needed for a comfortable life, starting from kindergarten schools and ending with a SPA.
Burj Daman. The residential complex has 3 towers of 65 floors.

The Gate Building is the most famous landmark and office building. It is in the shape of a gate.

The best hotels

The United Arab Emirates is famous for its meticulous approach to comfort. Therefore, most top hotels in Dubai International Financial Center (DIFC) are not just comfortable but luxurious. The following have a high rating:

5-star Waldorf Astoria and Jumeirah Emirates Towers Hotels.
4-star Towers Rotana Hotel.

The Four Seasons DIFC offers panoramic views from the rooftop pool.

Transport accessibility

Transport is not a problem due to the convenient location of the region. There are several ways in which to reach the center, starting with your own car and ending with buses or the metro. There are 2 stations in the region: Emirates Towers and Financial Centre. Bus routes belong to RTA, the largest company in the region.

Visitors are interested in how to get to Dubai International Financial Center (DIFC) from the airport. The most convenient way is to hire a taxi. The cost varies from AED 40 to AED 60, depending on the transport company and the destination of the route. The journey takes about 20 minutes.

Transportation and parking spaces

There are plenty of parking spaces, although it may be difficult to find parking during rush hour and traffic. Business centers have their own parking spaces for employees. Most residential complexes are also equipped with parking lots. There are also paid parking areas. The cost of parking is AED 10 per hour.

Car rental

Many companies offer this service. The fleet includes vehicles of different classes. Budget cars are the most affordable. You can also use car rental in Dubai International Financial Center (DIFC), for example, off-road vehicles and business-class cars. An international driving license is mandatory.

Yacht rental

Since the community has no direct access to the coast, you can use a yacht charter in Dubai International Financial Center (DIFC) and any of Dubai’s bays. Boat trips are popular and are in demand. Many companies provide transportation services and offer sightseeing tours. The tenant can choose the route. The rental price depends on the type of vehicle and the number of seats.

Supermarkets

Large grocery stores and supermarkets in DIFC are located on the lower floors of high-rise buildings. Locals can buy products at:

Choithrams.
Al Maya.
Spinneys.

Malls

Malls in DIFC are located on Gate Avenue. There are many shops with products of various brands, such as Sacoor Brothers, Suit Supply, Black Amber, His and Hers, and Fiori Jewels. Dubai Mall, the city's largest shopping mall, is a 10-minute drive away.

Churches, temples, and mosques in Dubai International Financial Center (DIFC)

The area has a mosque, considered to be one of the most beautiful in Dubai. In addition to the DIFC Grand Mosque, there is the Ramadan Juma Mosque which is within walking distance. Other religious places include the Seventh Day Adventist Church, and the Hindu temples Gurudwara, Shiva, and Krishna.

Most of the population is Muslim, so most of the temples are built for this religion. There is a limited number of Orthodox churches. One is in Abu Dhabi, and the other is in Sharjah.

Schools

Community kindergartens run several education programs. The British Orchard Nurseries network is well-known, with branches in almost every emirate. Schools in DIFC are:

Babilou MENA.
Hartland International School in MBR City.
Horizontal International School in Umm Al Sheif.

There are educational institutions with other programs in the nearest Jumeirah and Emirates Hills communities.

Hospitals and clinics

In the area and the surrounding emirates are many healthcare institutions of various profiles, such as IMC, La Clinique, Al Zahra Medical Centre, and Oriana Hospital. The DXB Dental Clinic offers dental services.

Restaurants

The UAE presents the cuisine of all people of the world, so you can choose dishes for every taste. Several restaurants in Dubai International Financial Center have positive reviews, such as:

Royal China with Chinese cuisine.
Zuma with a traditional Japanese menu.
Cipriani Dubai with Italian dishes.
La Petite Maison with French cuisine.

BB Social Dining Restaurant serves traditional Asian and Arabic cuisine. Street fast-food is also available, You can have a snack in numerous pastry shops and coffee shops.

Attractions in Dubai International Financial Center (DIFC)

The Gate Tower, with its original architectural form, attracts the attention of tourists. Next to this building is an art gallery, where many cultural events take place. Art fans will be interested in visiting the Arts Club.

The architectural solution of the Museum of the Future is also interesting. Here you can get acquainted with modern innovations and technical ideas to enhance life.

For outdoor activities, there is a Community Park. It is a 10-minute drive away. Dubai Garden Glow is located at a similar distance, and it is here that you will see diverse species of flora.

Beaches near Dubai International Financial Center (DIFC)

There are no private beaches in the community. The nearest Open Beach on Jumeirah Road is a quarter of an hour away. JBR Beach is a little further.

FAQ

Visitors are interested not only in the infrastructure of the community but also in everyday life. So, these are the most frequently asked questions:

Can you walk along the DIFC marina? The sub-community is located on the mainland and has no access to the coast. This does not, however, prevent you from using the amenities of the beaches located 15 and 25 minutes away in the neighboring communities.
Why are property investments in Dubai International Financial Center (DIFC) profitable? It is a free economic zone with preferential taxation and special internal laws that simplify the process of business.
Is Dubai International Financial Center (DIFC) man-made? Artificially created objects are only on the coast. These are the world-famous islands in Palm Jumeirah. The rest of the regions are located on the natural part of the land.

We will select a profitable property for investment

Dubai-Property.Investments company specializes in residential and commercial real estate in the United Arab Emirates. The catalog contains ads with up-to-date prices from developers and local real estate agencies. Specialists will help you plan and implement profitable investments in real estate at the Dubai International Financial Center (DIFC). Don’t put off your decision and miss out on the best offers!

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