DIFC occupancy level more than 95%

Robust demand from new firms and existing clients increase occupancy within third party developments

Occupancy level in Dubai International Financial Centre’s (DIFC) Gate District has remained at over 95 per cent, while third-party developments within the free zone have leased 58 per cent of their office space, according to a senior government official.

“Occupancy in Gate District (Gate Building, Gate Precinct and Gate Village) remains above 95 per cent. Robust demand from new companies and existing clients increased the occupancy within third party developments such as Currency Tower, Currency House and Liberty House to 58 per cent,” Abdulla Mohammed Al Awar, Chief Executive Officer, DIFC Authority told 'Emirates24|7'.

In December 2010, DIFC officials had said occupancy level was at 95 per cent in DIFC owned buildings, while third party developers had leased 35 per cent of their space.   More