DIFC real estate fund invests Dhs3bn in Dubai Pearl

Notes and media contacts

About the DIFC:

The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 700 firms have registered at the DIFC.

They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

About DIFC Investments:

Operating under the umbrella of the DIFC, DIFC Investments administers commercial activities such as the operation and management of any current and future subsidiaries, the development of the centre's investment strategy and relevant policies, and any other strategic investments or alliances that will further the goals and objectives of the DIFC and contribute to the fulfillment of its vision. The broad mandate of DIFC Investments also includes responsibility for all non-public administration activities previously carried out by the DIFC Authority, the body of the DIFC charged with developing overall strategy and providing direction and supervision to the centre.

About Dubai Pearl:

Dubai Pearl is a $4bn world class, mixed-use development by Pearl Dubai FZ LLC. Located opposite the Palm Jumeirah in the heart of the Dubai Technology and Media Free Zone, a state-of-the-art business cluster operated by TECOM and home to global IT and media companies.

Dubai Pearl is a landmark destination offering spectacular views of the Dubai coast. The development will redefine the pulse of new Dubai providing a 24-hour living city with commercial, retail, residential and leisure facilities. Designed with people in mind to create an all year round walkable environment, the Dubai Pearl will service the Dubai Technology and Media Free Zone and its communities.

Set for completion at the end of 2011, Dubai Pearl's prime location will offer an unparalleled combination of free-hold in the convenience of a freezone with luxury, energy efficient sustainability and state-of-the-art technology.

For further information, kindly contact:

Indukesh Babu
Media Relations Executive
JiWin Public Relations
Dir: +971 4 375 5244
Fax: +971 4 368 8001