ICD launches $1b office, retail project in DIFC

Dubai: The Investment Corporation of Dubai  (ICD) announced on Wednesday that it will develop an office and retail development in the Dubai Financial Centre (DIFC) area in a joint venture with Brookfield Property Partners.

Located behind the Ritz-Carlton hotel, the $1 billion ICD Brookfield Place will feature an office tower and a retail building connected by pedestrian pathways. Construction of the 1.5 million square foot development is already underway, and is expected to be completed in the four quarter of 2018.