The move is part of Dubai’s ambition to rank among the top four financial centres globally

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Tuesday announced the launch of the second phase of the Dubai International Financial Centre (DIFC), a Dh100 billion expansion aimed at strengthening Dubai’s position among the world’s leading global financial hubs. 

The new phase, known as Zabeel District, will cover 17 million square feet of gross floor area and is designed to accommodate 125,000 professionals. The development is part of Dubai’s ambition to rank among the top four financial centres globally.