DIFC - Dubai
Highlights
About Dubai International Financial Centre (DIFC)
DIFC, the Dubai International Financial Centre, is a dynamic district known for its gourmet restaurants, high-end retailers, commercial facilities, and renowned art galleries. Situated in close proximity to Downtown and Business Bay, this major global financial hub serves as a gateway to growth for South Asian, African, and Middle Eastern markets. Spanning 110 hectares of land, DIFC is not only a thriving commercial zone but also a vibrant destination.
DIFC is a vibrant and desirable residential area, perfect for those who desire a contemporary suburban way of life. It is also well-suited for frequent commuters as it boasts excellent public transport connections to various parts of Dubai. Discover more about this locality, its amenities, and the experience of residing in the heart of Dubai. According to Bayut's 2020 Property Market Report, DIFC stands among the top five areas for renting luxurious apartments in Dubai.
In a Nutshell
Neighbourhood
COMMUNITY OVERVIEW
laws, DIFC truly represents a thriving and bustling urban hub. Whether you are looking for a lively atmosphere or seeking convenient living options for your professional life, DIFC offers it all. The impressive skyline of majestic buildings serves as a backdrop to the diverse array of retail and dining establishments that cater to every taste and preference. In addition, the community boasts state-of-the-art facilities that enhance the modern way of life. Engaging art galleries and exciting events further contribute to an energetic ambiance that ensures there is never a dull moment in DIFC. With its strategic location and easy accessibility, this district is particularly attractive for working professionals who value convenience in their everyday routines. Embracing contemporary trends, DIFC provides an ideal environment for both businesses and commercial activities with its extensive range of amenities and tax-free regulations meticulously designed to facilitate growth.
DIFC stands out as an eminent location in Dubai for office rentals due to its well-established governance, legal structure, and court system. This area provides a diverse array of properties including small, medium-sized, and large offices, shops, and other commercial or residential spaces. If you are considering investing or relocating to DIFC, explore the various property options available to suit your needs.
Properties in DIFC
In the residential area of DIFC, there is a diverse selection of apartments available for rent or purchase. These options cater to individuals, couples, professionals, and families in Dubai. Designed with high-quality standards in mind, most buildings are impressively tall. The apartment offerings range from cozy studios to spacious three-bedroom units, as well as luxurious penthouse suites boasting four to five bedrooms.
Living in DIFC comes with the clear advantage of its close proximity to Downtown Dubai, allowing for effortless access whether you are employed there or simply want to immerse yourself in this iconic district for shopping or recreation.
When it comes to available commercial properties, you can choose from dedicated towers and complexes, or opt for mixed-use projects. Ground levels of residential blocks typically feature shops and retail spaces, while completely dedicated office buildings offer a variety of commercial units. To make an informed decision, explore the price trends and popular projects.
Rental Trends in DIFC
In this area, there are various housing options available for those interested in renting apartments. From small studios to large 3-bedroom flats, there is something to suit everyone's needs. For studio apartments located in DIFC, the yearly rent begins at AED 40k. The average cost of renting a 1-bedroom flat would be around AED 80k, while for a 2-bedroom apartment it would be approximately AED 118k in DIFC, Dubai. These residential units vary in size from approximately 1,500 sq.ft. to around 1,700 sq.ft. If more space is desired, individuals can consider renting a spacious 3-bedroom flat in DIFC with prices ranging between AED 100k and AED270k per year.
Among the numerous choices available, Sky Gardens DIFC in Dubai stands out as a highly notable option. This impressive skyscraper consists of 40 floors and offers a diverse mix of residential units, including studios, 1, 2, and 3-bedroom apartments, along with seven exclusive double-story penthouses. Renting one of these luxurious penthouses in DIFC typically comes with a price tag of approximately AED 350k. The selection includes furnished and unfurnished options, as well as some unique triplex penthouses that offer breathtaking views of the spectacular Dubai skyline.
In DIFC Dubai, there is a wide selection of shops and offices available for rent on the commercial side. Depending on your needs, you have the option to choose fitted, furnished, unfurnished, or partitioned units. The sizes of these rental spaces range from 600 sq. ft. to 6,000 sq. ft. In terms of cost per annum, renting an office in this area can range from AED 110k to AED 7M while renting a shop may cost around AED 65k to AED 500k annually.
Sales Trends in DIFC
The price range for a freehold studio in DIFC is between AED 725k and AED 1.3M, with sizes ranging from approximately 700 sq. ft. to 900 sq. ft., providing ample space for a studio unit. On the other hand, the average cost of a typical 2-bedroom flat for sale in DIFC is around AED 2.25M, while a 3-bedroom apartment would require an investment of about AED 3.7M. For those interested in purchasing penthouses in DIFC, prices start at AED 3.9M.
If you have an interest in investing in DIFC, there are several properties you can explore like Sky Gardens, Index Tower, or Burj Daman. The latter is a mixed-use project consisting of two 15-storey towers that includes a hotel, ballroom, restaurants, and even a rooftop pool. Additionally, for individuals seeking to purchase offices within DIFC, there are numerous options available with prices starting at AED 1.25M.
ROI in DIFC
It is anticipated that studio apartments and 1-bedroom flats will yield the highest ROI at 6.1%. Prospective investors have an opportunity to purchase 1-bedroom apartments in DIFC ranging from AED 750k to AED 1.7M. Alternatively, larger, two-bedroom units can provide a return of 5.5%, while three-bedroom flats offer lucrative returns of 4.5%.
DIFC Floor Plans
Prospective renters have the opportunity to explore the DIFC floor plans and examine the available layouts for well-liked communities and buildings in the surrounding area.
Most Popular Buildings in DIFC
Residential buildings in DIFC offer a variety of options to choose from, including studios, apartments with one to four bedrooms, and luxurious penthouses with five bedrooms. Prospective tenants can explore the most sought-after towers in the area to find the perfect fit according to their needs.
Based on searches conducted by users on Bayut.com over the past 12 months
According to user-generated opinions on Bayut's official website, the most favored option is Park Towers. It is closely trailed by Sky Gardens, Central Park Towers, Index Tower, and Burj Daman.
Park Towers is a blend of two structures, Park Tower A and Park Tower B, crafted by DAMAC Properties. Each building boasts 49 floors with residential units located from the 12th floor upwards, while seven floors are exclusively designated for office spaces. Renting an apartment in Park Towers comes at a reasonable price range, making it accessible to potential tenants. Additionally, commercial investors and business owners have the opportunity to purchase offices within Park Towers starting as low as AED 1.25M.
Sky Garden, located in the heart of DIFC, stands as a favored choice among tenants seeking apartment rentals. The yearly rental rates for these sought-after units range from AED 40k to AED 115k.
Central Park Towers, another highly sought-after structure in the vicinity, consists of a pair of skyscrapers that were collaboratively constructed by Dubai Properties Group and Deyaar Development. The residential units within Central Park Towers range from studios to 3-bedroom accommodations, with rental prices beginning at AED 50k per year for studios. For a 1-bedroom unit, tenants are anticipated to pay AED 80k annually, while 2-bedroom apartments command an annual rate of AED 125k. Lastly, the rent for a spacious 3-bedroom apartment totals at AED 220k per year.
Hotels in DIFC
Within the high-end business district, there are numerous hotels boasting contemporary facilities. The assortment of lodging options in DIFC encompasses:
Situated off Sheikh Zayed Road, The Ritz-Carlton in Dubai International Financial Centre epitomizes luxury with its prestigious 5-star status. This renowned hotel boasts an impressive range of top-notch facilities such as executive residences, a dining establishment, a rejuvenating spa, and an exclusive club.
The boutique-style sanctuary of Four Seasons Hotel DIFC provides guests with a remarkable experience. From the rooftop pool enclosed in glass, one can admire breathtaking city views, while Luna Sky Bar offers the perfect setting for enjoying cocktails with friends. The modern suites at this establishment have all the amenities necessary to ensure a tranquil and enjoyable stay.
Waldorf Astoria Hotel, a highly esteemed hospitality brand, boasts numerous locations across Dubai. Situated in DIFC, it enjoys close proximity to renowned landmarks like the Dubai Fountain and Burj Khalifa. This luxurious establishment offers an array of exquisite amenities and stands out for its exceptional dining choices, including the acclaimed Italian restaurant known as The Artisan Il Ristorante.
Transportation and Parking Spaces in DIFC
Given its status as a bustling business center, it comes as no surprise that traffic congestion is likely, particularly during peak hours. Consequently, if you plan to commute within this vicinity, it would be wise to depart slightly earlier or later than the usual rush hour window. Additionally, most establishments offer specific parking accommodations for residents; however, individuals visiting these locales might encounter difficulties locating public outdoor parking areas due to the associated charge of AED 10 per hour.
Public Transportation in DIFC
DIFC is conveniently situated in a prime location with convenient access to public transportation. Within close proximity, there are two metro stations - Emirates Towers and Financial Centre - both just a short walk away. Additionally, various bus lines operate in the vicinity. While taxis are abundant, securing one during peak hours can be quite challenging due to their high demand.
Amenities, Schools and Healthcare
In addition to being a financial hub, this city also offers an abundant array of conveniences essential for a pleasant lifestyle. Whether it's grocery stores, places of worship, leisure facilities, or even top-notch family dining establishments in Dubai, there is no need to venture beyond the town's borders.
Supermarkets in DIFC
In DIFC, there are several supermarkets available for your everyday grocery needs. Many of these can be found on the ground floor of various buildings within the community. Some options include Spinneys Supermarket, BS Supermarket LLC, Fresh Mart Supermarket, Choithrams, and Al Maya Supermarket. Spinneys is a popular choice in Dubai for monthly shopping trips and their branch in Central Park Towers remains open all week long.
Churches, Temples and Mosques in DIFC
To cater to your religious requirements, a mosque is available in DIFC. Additionally, you can locate Ramadan Juma Mosque at a slightly more distant location. Situated within Gate Avenue, the remarkable DIFC Grand Mosque stands as one of Dubai's most exquisite places of worship.
The Dubai Seventh Day Adventist Church is located 15 minutes away, while the Gurudwara, Shiva and Krishna's Temples can be reached within a 5-minute drive from the area.
Schools in DIFC
There are several nurseries available for younger children in Dubai. One highly regarded option is the widely popular Hummingbird Pre-School, situated in the area. Another notable choice is British Orchard Nurseries, which has numerous branches across different areas of Dubai, including one in DIFC at Central Park Towers.
Babilou MENA is a viable choice for parents seeking a school in DIFC. Additional nearby schools comprise Hartland International School situated in MBR City and Horizontal International School located in Umm Al Sheif. Nevertheless, several educational establishments offer specialized courses such as the Brighter Prep, the IE Centre, and the London Business School Dubai Centre.
Clinics and Hospitals in DIFC
In DIFC, you can easily find healthcare facilities without venturing too far. Numerous nearby medical centers include IMC Medical Centre, La Clinique DIFC, and The Clinic. Al Zahra Medical Centre and Interhealth Canada Limited are both less than a 15-minute drive away. Additionally, Oriana Hospital is accessible in approximately 20 minutes.
Nearby Areas
DIFC is conveniently positioned opposite Downtown Dubai, which boasts both the tallest building, Burj Khalifa, and the world's largest mall. This prime location allows DIFC residents to be in close proximity to the renowned landmarks of Dubai Opera and Dubai Fountain. Furthermore, DIFC is situated on the same line as World Trade Centre and Emirates Towers. On the other side of the community lies Za'abeel 2, while Al Satwa sits directly behind it.
Lifestyle
SHOPPING, DINING AND NIGHTLIFE
Despite its initial purpose as a comprehensive business center, DIFC has transformed into a thriving residential hub within the emirate, offering various amenities that one would typically associate with any well-developed area in the UAE. Within this locale, there is an abundance of upscale restaurants, laid-back meeting places, recreational facilities for families, outdoor pursuits, and even Dubai's most exceptional culinary establishments.
Malls in DIFC
Gate Avenue is an eagerly awaited hub for fashion and retail. It hosts various stores including Sacoor Brothers, Suit Supply, Black Amber, His and Hers, Fiori Jewels, and Collars and Cuffs. Moreover, DIFC residents can easily satisfy their shopping needs in just 8-10 minutes at the vast shopping and leisure complex of The Dubai Mall.
There is a wide range of shopping options available in the community, with several exciting retail outlets to choose from. For those interested in high-end Italian fashion and accessories, there is the Fendi Dubai Mall Flagship. If you are looking to purchase flowers and ornamental plants, the Flower Boutique is also available. Additionally, Momentum Dubai and Rivoli DIFC Dubai offer a selection of watches, while ALIEL specializes in fine jewellery.
DIFC Restaurants
Dubai International Financial Centre offers a plethora of dining options, ensuring you will never be at a loss for where to eat. With numerous restaurants catering to a diverse range of taste preferences, such as ShanghaiMe and La Cantine du Faubourg – both known for their inviting atmosphere – there is no shortage of choices. Whether you desire authentic North Indian cuisine from Gazebo, healthy food selections from 1762 The Gourmet Deli Co., or French delicacies at La Petite Maison, there is something to satisfy every craving. Additionally, Asian cuisine enthusiasts can indulge in the various delectable dishes available within the vicinity.
If you're looking for Japanese restaurants in Dubai without breaking the bank, consider trying Miyabi Sushi and Bento. Additionally, there are numerous international dining options available including Beefbar, Al Mandaloun, Dusty's, and more.
If you happen to be following a personalized gluten-free diet and craving something sweet, Healthy Patisserie in DAMAC Park Towers is the perfect spot for vegan treats in Dubai. Additionally, coffee enthusiasts seeking cozy coffee shop atmospheres will also find solace here. Aside from Caffe Bateel, Costa Coffee and Caffe Nero to Mercato, Panifico and Caribou Coffee, there are numerous other cafes in DIFC where you can meet up with friends, be productive or unwind.
If you're looking for a vibrant nightlife scene with a variety of pubs, DIFC offers numerous exclusive and local bars to choose from. In Gate Village, BOCA is a popular option while Liberty House boasts Original Wings and Rings. Additionally, within the community, Dubai features Carnival by Tresind, Mint Leaf of London, and Cafe Belge among its well-liked happy hour destinations where you can enjoy drinks with friends.
Beaches near DIFC
In order to reach the beaches, residents will need to travel a considerable distance. The neighborhood is around a 15-minute drive away from Open Beach on Jumeirah Road. Additionally, JBR Beach can be reached in approximately 25 minutes by car.
Leisure Activities and Notable Landmarks
The Gate, located in DIFC, stands as the most prominent landmark. Adjacent to it is the Gate Village, which serves as the center for art galleries and fine dining establishments. Among these is Al Mandaloun, a highly recommended restaurant that caters to groups and offers an enjoyable outing with family and friends. Situated below The Gate is The Marble Walk, which specializes in grab-and-go meals, essential services, and retail convenience. Additionally, there is The Balcony—a terrace encircling The Gate—where one can indulge in casual dining options.
Additionally, Gate Village 4 and 6 boast exceptional private dining establishments like Gaia and Hutong.
Art Galleries in DIFC
international auction house, there is something for every art lover in DIFC. Whether you're interested in fine arts photography, literature, contemporary visual art, or high-end auctions, DIFC's galleries have it all covered. From The Empty Quarter to Andakulova Gallery and Christie's, the region offers a diverse range of artistic experiences that are sure to impress even the most discerning connoisseurs. So if you're looking for a leisure activity that combines culture with entertainment, look no further than the world-class galleries of DIFC.
DIFC presents a diverse range of extraordinary art, hosting renowned auctions and numerous galleries for exploration. Among them, the internationally acclaimed Opera Gallery stands out as the most popular and awe-inspiring venue.
Outdoor Activities, Fitness and Beauty
Dubai Investment Park's Community Park can be easily accessed within a 9 to 10-minute drive, depending on your location. Zabeel Park is also conveniently reachable by car in around 10 minutes. Additionally, Dubai Garden Glow is only a short 12-minute drive away.
For fitness enthusiasts, there is a good variety of gyms in DIFC. There is Fitness First, Barry’