The DIFC is the newest International Financial Center in the world. It is hoped that DIFC will attain the same status as New York, London and Hong Kong. The DIFC was opened in September 2004 and has attracted high caliber firms from around the region and the globe.
There are over 175 nationalities working within the DIFC community, diversity reflected in the DIFC lifestyle. There is more to the DIFC than just business. It has high end fashion, fine dining, rich culture and entertainment that will be appreciated by everyone living in and visiting the city.
Renting in DIFC
At present, there are no residential units available in DIFC for rent because most of the development is still under construction. Studios for sale within the DIFC are very pricey so the rental yield will be great.
Liberty House is a development within the development. The studio apartments on offer for sale are very expensive, the most expensive studios in the entire real estate market of Dubai. For example, the advertised price for a studio apartment on the 35th floor at just 826 square feet is a whopping AED 2.5 million. It is difficult to estimate how much a furnished apartment within the DIFC could be rented for. A rough estimate would be between AED 69K - AED 80K.
The DIFC has only a few residential units as it is intended to be a financial center. Many owners find, however, that it is possible to make more money on short-term letting than on long-term basis. In places like DIFC, where the rent is going to be high in comparison to an area like Silicon Oasis which is not far from Dubailand, long-term rental may get you the same amount of money as short-term rental.
Attractions
The project facilities include a beautiful lobby with concierge desk (offering 24 hour security) which leads to an elevated coffee lounge, a business center offering all the amenities of a 5 star hotel. Business services include high speed internet access, fax, photocopying and a round-the-clock manned help desk. There is also a banquet hall and meeting room for private parties, gatherings or business meetings fine dining in the executive restaurant as well as room service from the restaurant's kitchen. The DIFC also includes a health club, gymnasium and tennis court.
