Dubai International Financial Centre (DIFC) has announced the launch of Gate Avenue at DIFC, a $130 million mixed use project for the financial hub.
Officials said in a statement that the project is set to emerge as a premium lifestyle destination offering amenities including 150 retail outlets and a mosque.
Construction is expected to begin this year and set for completion by the end of 2017.
Essa Kazim, governor of DIFC, said: "The announcement of Gate Avenue at DIFC is a significant step towards accomplishing our 2024 growth strategy that paves the way for the sustained development of the centre.
"The project will be a significant value-add for professionals and residents currently working and living in the district, and create an even more attractive proposition for prospective clients and tenants, as we build on our already world-class infrastructure platform."
Gate Avenue at DIFC will be spread across 660,000 sq ft of land and will offer business, leisure and residential components in three connected zones.
Each zone will feature distinctive elements, connected by an open-air promenade level.
The North Zone will offer access from DIFC's popular Marble Walk at the Gate Building, and serve as a meeting point for professionals within the district, featuring retail offerings, high-end stores and luxury outlets.
The Central Zone will feature high-street brands, a variety of indoor restaurants as well as al fresco eateries and convenience retail stores.
The South Zone will focus on the community within DIFC and feature family amenities such as kids' edutainment and leisure activities and family-friendly dining areas.
Gate Avenue at DIFC will also host a series of art and design installations, live music performances, visual activations and festivals.
Central to the promenade level will be a mosque that will host a total of 500 worshippers daily and for Friday prayers.
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