Dubai has taken another decisive step toward strengthening its position as a global financial powerhouse with the launch of Phase 1 of the Zabeel District expansion at Dubai International Financial Centre. Valued at Dh20 billion, this landmark phase is scheduled for completion between 2029 and 2030, marking a major milestone in the city’s long-term urban and economic vision.

A New Financial and Lifestyle Hub in Central Dubai

Phase 1 of Zabeel District will deliver approximately 3.7 million square feet of gross floor area, introducing a mix of premium office spaces, iconic architectural towers, and future-focused facilities. The development is designed to support the evolving needs of global finance, technology, and creative industries operating from DIFC.

Key components of this phase include:

• High-grade office buildings designed to international standards
• An expanded DIFC Academy, growing to around 370,000 square feet
• A dedicated AI Campus to support innovation and advanced technologies
• Cultural elements, including an art gallery, enhancing the district’s urban character

Together, these additions will reinforce DIFC’s role as both a business destination and a lifestyle-driven financial district.

Funding Strategy and Long-Term Stability

The Dh20 billion investment will be funded primarily through internal resources and future cash flows, with external financing such as bank funding or sukuk considered only if required. This approach reflects DIFC’s strong financial position and sustainable growth model.

In parallel, the development of Gate District towers, estimated at Dh8.5 billion, is also expected to be financed internally, highlighting the centre’s operational strength and confidence in long-term demand.

DIFC Growth Continues to Accelerate

The expansion comes on the back of a strong performance year for DIFC. The centre recorded:

• Over 2,500 new company registrations in 2025, bringing the total close to 9,000
• A 28% increase in net profit, reaching nearly Dh1.5 billion
• Rising revenues and assets, underlining DIFC’s financial resilience

Momentum has continued into 2026, with early indicators showing double-digit month-on-month growth, reinforcing investor confidence in Dubai’s financial ecosystem.

Part of a Dh100 Billion Master Expansion

The Zabeel District is a central component of DIFC’s wider Dh100 billion expansion strategy, announced by Sheikh Mohammed bin Rashid Al Maktoum. Once fully developed, the district will span 17 million square feet and is expected to support up to 125,000 professionals, further elevating Dubai’s global financial standing.

What This Means for Real Estate and Investors

For the real estate market, the Zabeel District expansion signals:

• Increased demand for commercial and mixed-use properties in and around DIFC
• Long-term value driven by infrastructure, employment growth, and global connectivity
• Strong appeal for institutional investors, occupiers, and high-net-worth individuals

As DIFC continues to expand beyond its original footprint, Zabeel District is set to become one of Dubai’s most influential urban and financial zones over the next decade.