ICD Brookfield Place
ICD Brookfield Place Statistics
|Project Launch Date||January 2016|
|Estimated Completion||Q4 2018|
|Estimated Cost USD||$1,000,000,000|
|Developers||Investment Corporation of Dubai, Brookfield Property Partners|
|Consultant||Foster + Partners|
|Construction Status||Under Construction|
About ICD Brookfield Place
ICD Brookfield Place is a new 54-storey skyscraper currently under construction in Dubai's financial district, DIFC.
- The project is being developed by Dubai’s sovereign wealth fund, the Investment Corporation of Dubai, and Canadian firm Brookfield Property Partners at a cost of $1 billion.
The building was designed by London's Fosters + Partners, the firm that dsigned the The Index tower, also in DIFC.
The development marks the first major building project in DIFC to be started since the 2008 financial crisis.
The building will be connected to the existing DIFC Gate Precinct.
- ICD Brookfield Place will include a mix of high quality office space and retail and is due for completion by the end of 2018.
- The building is shaped to reflect the light and hopes to achieve a LEED Gold rating certification.
There will be 46 lifts inside the building.
The tower will offer full-service valet with a highly-efficient drop off service in addition to a private fitness, spa and members club.
An adjacent five-storey building will house a 150,000 square foot retail centre with multiple terraces and an open roof-top garden with views of Burj Khalifa.
- The retail building will offer world-class fine dining, cafés and a chef-driven food market.
The development includes an 18,000 sq ft public area surrounded by restaurants and open spaces for regular arts and cultural events.
There will be a total of 140,000 sq ft of green space.
- There will be parking for 2,700 cars.
The project is due for completion by the end of 2018. (6th Oct 2015)
In May 2018 it was announced that London’s The Arts Club, one of the most famous private members clubs in the world, is to open its first overseas venue within the ICD Brookfield development in 2019.
The Club will occupy 40,000 sq ft of indoor floor space across five levels, with an additional 23,000 sq ft of outdoor space. Members will be able to enjoy a rooftop terrace, three restaurants and bars, a cigar club, art exhibition spaces and a business centre.
ICD Brookfield Place Construction
ICD Brookfield Place will have over 900,000 square feet of grade A office space with three metre floor to ceiling heights.
ICD Brookfield Place Location Map
ICD Brookfield Place Local Attractions
About the Surrounding Area - Dubai International Financial Centre
This 110 acre financial quarter is located between Burj Khalifa and Emirates Towers, and comprises three districts: commercial, retail and residential. All three are linked by a retail corridor. Roughly sixty percent of the properties planned for DIFC have been completed, while the remainder are still in development.
DIFC is well connected to the rest of Dubai by excellent road and rail links, Dubai International Airport and the business districts of Downtown Dubai and Business Bay are all less than twenty minutes drive or twenty five minute train ride away.
For more information about the area please see our complete guide to Dubai International Financial Centre.
For an overview of the best Dubai International Financial Centre real estate along with in-depth market price statistics please see our Dubai International Financial Centre property guide.
Companies Associated with ICD Brookfield Place
Investment Corporation of Dubai (Developer)
The Investment Corporation of Dubai is the principal investment arm of the Government of Dubai. It was established in May 2006 and is responsible for managing the Government of Dubai’s portfolio of commercial companies and investments as well as providing strategic oversight and implementing corporate governance policies to maximize stakeholder value for the long-term benefit of the Emirate. ICD has stakes in Emaar Properties and Emirates Airline as well as interests across many sectors including financial services, transportation, energy and industrial, real estate, leisure and retail.
Other projects in Dubai that Investment Corporation of Dubai are associated with include One Za'abeel.
Brookfield Property Partners (Developer)
Brookfield Property Partners is one of the world’s largest commercial real estate companies, with over $65 billion in total assets. They own, operate and invest in commercial property assets which include over 130 premier office properties and over 150 best-in-class retail malls around the world. Brookfield Property Partners is listed on the New York and Toronto stock exchanges and have approximately $225 billion in assets under management.