EMIRATES FINANCIAL TOWERS

OVERVIEW

Emirates Financial Towers is a dual-tower Grade A office complex within the Dubai International Financial Centre (DIFC), comprising a North Tower of 27 floors above ground (approximately 135 metres) and a South Tower of 16 floors above ground (approximately 100 metres). The development was completed in June 2011 by a joint venture between Enshaa PSC and MAG Group. A glass skybridge connecting the two towers at the 16th floor is an architectural distinguishing feature that enables inter-tower connectivity for occupiers leasing space in both towers. Total office NLA is approximately 658,030 square feet, with an additional approximately 97,000 square feet of retail across the complex.

OFFICE STOCK AND TENANT PROFILE

Approximately 658,030 square feet of Grade A offices across both towers accommodate financial services, legal, and professional services tenants operating within the DIFC regulatory framework. The North Tower provides larger floor plates suited to single-floor institutional occupiers; the South Tower provides smaller plates suited to boutique tenants. Combined unit configurations span from individual suites under 2,000 square feet to full-floor occupancies. The specification includes high-specification lobbies, centrally controlled HVAC, raised access floors, and multiple passenger and service lifts. The glass skybridge at the 16th floor provides inter-tower pedestrian connectivity for occupiers using space in both buildings simultaneously.

RENTAL MARKET

Emirates Financial Towers sits in the mid-to-upper tier of DIFC Grade A supply. Rental levels are generally below the ceiling commanded by newer stock such as ICD Brookfield Place and DIFC Square, positioning the complex as an efficient option for established DIFC occupiers seeking refurbished Grade A space at competitive rates. The dual-tower structure with differentiated plate sizes allows the complex to serve a wider range of occupier profiles simultaneously, supporting consistent leasing demand across cycles. Standard DIFC lease terms of three to five years apply with annual or biannual rent cheques consistent with DIFC market conventions.

SALES MARKET

Emirates Financial Towers is a single-ownership asset with no strata sales market for individual office units. The joint venture ownership between Enshaa PSC and MAG Group positions it as a privately held institutional DIFC asset. For investors, the dual-tower structure and substantial retail component provide diversified income streams across both office and retail uses. The mid-to-upper tier positioning in DIFC's rental market supports stable core income generation, and the skybridge and dual-tower campus format provide a leasing proposition that single-tower buildings in the precinct cannot replicate.

LOCATION AND ACCESS

Emirates Financial Towers is located centrally within the DIFC master plan, with immediate pedestrian access to Gate Village and The Gate through the internal DIFC walkway network. Financial Centre Metro Station (Red Line) is approximately a 5-minute walk, providing direct rail access to Business Bay, Downtown Dubai, and Dubai Marina. The DIFC road network provides direct vehicle access to Sheikh Zayed Road. The retail component at lower levels of both towers serves both building occupants and the wider DIFC pedestrian population, generating footfall and amenity activation throughout the working day and evening.

RISKS AND WATCHPOINTS

The 2011 completion means mechanical and electrical systems are now in their second decade of operation, increasing the probability of capital expenditure requirements within the next one to two lease cycles. The dual-tower configuration introduces operational complexity in managing two separate buildings with a shared skybridge connection. Newer DIFC stock — particularly ICD Brookfield Place and DIFC Square — offers superior floor plate efficiency and updated workspace specifications, applying ongoing competitive pressure on rents and occupier retention for Emirates Financial Towers at the top end of its addressable occupier market. Buyers should confirm service charge levels and the capital expenditure programme for building systems maintenance.

STRATEGIC PERSPECTIVE

Emirates Financial Towers is a solid mid-tier DIFC choice for occupiers who want a regulated precinct address and reasonable Grade A specification without paying the premium commanded by ICD Brookfield Place or DIFC Square. The skybridge is a genuine differentiator for tenants seeking a dual-tower campus arrangement — a configuration available at Emirates Financial Towers that single-tower buildings in the precinct cannot provide. The main consideration relative to newer options is vintage: the 2011 specification gap against newer buildings is visible to occupiers conducting a thorough comparison. Occupiers with budget flexibility should assess ICD Brookfield Place and DIFC Square as primary options and use Emirates Financial Towers as the preferred value alternative where newer buildings do not meet their specific requirements or budget.