Markaz's first investment in developing a mixed-use space that meets the requirements of residence, work and entertainment

"Dubai International Financial" launches "Living and Innovation Two" with 170 housing units

• It is expected that the completion of "Living and Innovation Two" will be completed in 2025. From the source

• During the launch of the construction works of the project.

  From the source

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Yesterday, the Dubai International Financial Center announced the start of construction work on its new project, “Living and Innovation Two,” indicating that this project falls within the framework of its continuous endeavors to build the future of the financial sector, empower future economies, and bring together the best concepts of life and work together.

The center stated, in a statement, that the new project comes within the third phase of the expansion plan of “Innovation Hub”, the largest innovation community in the region, which embraces more than 600 companies specialized in the field of technology and innovation, varying between major innovation companies, digital laboratories, and head companies. Investment money and educational institutions.

He added that "Innovation Hub" contributes to creating new economic value, by promoting innovation and projects, and attracting talents across various business sectors, specifically within the future sectors.

expansion

And His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Center, announced in May 2021 an expansion plan for “Innovation Hub”, to quadruple its size from 80,000 square feet to 315. Alfa, with all stages of the expansion plan to be completed by the end of next year, as this reflects the rapid pace of growth witnessed by the center.

Yesterday, the start-up ceremony for the third phase of the “Innovation Hub” expansion plan was held, in the presence of the Governor of the Dubai International Financial Center, Issa Kazim.

New concept

The project includes 184,000 sq ft of offices and co-working spaces, in addition to a total floor area of ​​107,000 sq ft dedicated to retail outlets.

The new phase of the project includes the construction of advanced conference facilities.

Living and Innovation Two, the first project of its kind in the Dubai International Financial Center, is a new concept for the future of living, with more than 170 high-end residential units.

It is expected that these units will witness a great demand in light of the strong demand for commercial offices owned and managed by the center.

With the start of its construction work, it is expected that the completion of "Living and Innovation Two" will be completed in 2025.

The Dubai International Financial Center is keen to improve and redesign its spaces, to be smarter, more creative and less crowded.

Continuous development

Kazim said, "For the first time, the Dubai International Financial Center is taking the initiative to develop a mixed-use space that includes modern residential units, co-working spaces, offices, retail outlets and a group of luxury restaurants."

He added, “The new project responds to the state of continuous development in work spaces and lifestyles, as the center seeks through it to provide a new and ideal destination, to become a distinguishing address for high-end lifestyles, in which individuals can enjoy the best aspects of modern life within a world-class environment full of life, starting from What the country represents as the most prominent country in attracting those wishing to work and settle on its lands, to benefit from the quality of life here.

forefront

For his part, Arif Amiri, CEO of the Dubai International Financial Center Authority, said: “The Dubai International Financial Center has always been at the forefront of leading the financial technology and innovation sector in the region, which contributed to the center attracting more than 600 companies specialized in this field.”

He added, "We are constantly expanding to meet the growing demand, as the new expansion of (Living and Innovation Two) will contribute to strengthening the position of the center to become one of the largest financial ecosystems in the world."

sustainability

Living and Innovation Two is designed around the concept of sustainability, as the environmental impact of all stages of construction and post-handover is measured.

Like all other DIFC buildings, Living and Innovation Two complies with the Leadership in Energy and Environmental Design (LEED) standards, the global green building rating system.

The project facilities include many open green spaces, including vertical gardens and rooftop terraces.

• The new project is part of the third phase of the "Innovation Hub" expansion plan.

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