Emirates International Holding, a Sharjah-based investor, and MAG Group, a Dubai-based property developer, will invest Dh450 million in a freehold development at the Dubai International Financial Centre.
According to a report in Tuesday's edition of Gulf News, Emirates Financial Towers will be one of the largest freehold projects at the Dubai International Financial Centre (DIFC). The twin towers of the complex will offer commercial, residential and retail space.
DIFC is an onshore capital market designated as a financial free zone designed to create a unique financial services cluster economy for wealth creation initiatives. The site is approximately 150,000 sq. m. It involves 13 buildings varying between 12 and 50 stories, a gateway building, intricate landscaping and water features as well as street furnishings.
