Big business names rush to fill DIFC's The Exchange

Dubai International Financial Centre says 98% of office space at The Exchange already leased just months after launch
Big business names rush to fill DIFC's The Exchange
Completed in March 2018, The Exchange, part of Gate Village, is set to be home to the regional headquarters of numerous global names, including Nasdaq Dubai and Alsharq News Services.
By Sam Bridge
Fri 05 Oct 2018 09:58 AM

The latest addition to the real estate at Dubai International Financial Centre (DIFC) is proving a big hit with tenants – with 98 percent of office space at The Exchange already leased.

Completed in March 2018, The Exchange, part of Gate Village, is set to be home to the regional headquarters of numerous global names, including Nasdaq Dubai and Alsharq News Services.

DIFC said the speed at which nearly all of the 114,000 sq ft of office space at The Exchange has been snapped up is an affirmation to its position as the financial centre of choice in the region.

Arif Amiri, CEO of DIFC Authority, said: “The Exchange is bringing world-class office experience to our tenants. We are seeing more international companies move to Dubai, or expand their presence here, which demonstrates the growing importance of the Emirate, and DIFC, as a global investment and finance hub.”

Among those that moved into The Exchange is Nasdaq Dubai, which has expanded its current presence in DIFC. As part of its expansion, Nasdaq Dubai is home to MarketSite, which features an event space for market-opening bell-ringing events drawing global visibility, where a wide range of organisations and individuals can make key announcements to the world.

Hamed Ali, CEO of Nasdaq Dubai, said: "The Exchange provides us with flagship premises and first class facilities as we expand our product offerings and global investor base. MarketSite is a powerful platform for our issuers, market participants and others in the financial services community to tell their story to the world."

Another tenant at The Exchange is CNBC International, a leading global business and finance news network, which is expanding its Middle East operations with a new base at MarketSite and will open later this month.

In addition, Alsharq News Services, the future home for Bloomberg Asharq Television, radio and other news outlets will be moving to The Exchange building.

The development also includes The Exchange Square, a landscaped piazza, serving as an extension of the existing Gate Village podium, and three licenced restaurants.

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