Expansion of Dubai's financial center will be gradual, in line with demand: governor
DUBAI - Dubai’s financial district will be expanded gradually and only when there is demand for new space, its governor said on Sunday.
“It is on plan but it’s going to be done on gradual basis, in phases. We will start with phase 1A, B, C and then we build according to the needs,” Essa Kazim told reporters at a briefing. The governor said DIFC’s leased area now stands at around 4.83 million square feet, around a 3% increase year-on-year.
“As far as DIFC Authority is concerned, we do have a plan to do that, to work from home, especially in areas that would not require the presence and attendance,” he said.
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