Dubai DIFC to launch 5 billion dirham project
H&H Development has launched the "Water Gardens" project in Dubai International Financial Centre (DIFC) with a cost of 5.14 billion dirhams (approximately $1.4 billion). The development includes four buildings, comprising two hotels, residential towers, and office spaces, with completion expected before the end of 2028. Construction work has commenced, and around 30,000 workers are currently on site. Approximately 85% of the branded residential units have been sold at prices exceeding 8,000 dirhams per square foot. The project also features another hotel with 154 rooms and 40 residential units. Additionally, an extra residential building with 132 apartments and a 12-story office building offering 246,737 square feet of Class A office space are under construction. The aim of the project is to enhance Dubai International Financial Centre, which has seen the number of active companies increase to over 10,000. The development underscores Dubai’s success in attracting global companies, with most components focused on leasing and operations.
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