Arab Spring Shoots Reportedly Seen Appearing in DIFC

There may be turmoil in global financial markets but Dubai International Financial Centre is quietly adding marque clients to its list. This presenting a fillip for residential and commercial real estate within DIFC. Clients are eagerly awaiting the arrival of Park Towers in DIFC.

A proof for those who believe in the long-term prospects of the region, the shakeup and the weakness in real estate present opportunities.

A market source said Citigroup, which has about 40 bankers focused on the MENA region based in Dubai International Financial Center (DIFC), had recently leased an additional 11,000 square feet at those premises.

French bank Credit Agricole plans to shift its regional base out of Bahrain into the DIFC. Sources have said Dubai may also house some back-office staff being moved out of Bahrain by another French lender, BNP Paribas.

With further rumblings of Arab Spring, that will undoubtedly prove good news for iconic residential accommodation and facilities provided by Park Towers located within DIFC.