Creating the Middle East's new hub for design and art whilst bridging international markets and local design.
Dubai Design District is adjacent to the Business Bay area of Dubai with the dedicated focus of developing the Dubai fashion, design, architecture and luxury sectors. This new design hub benefits from an independent, business-friendly regulatory scheme under the Dubai Technology and Media Free Zone Authority.
d3 is in the heart of new Dubai, only a couple minutes from the Dubai Mall and its annual 75 million visitors. Access from Dubai International Financial Centre takes only 5 minutes, and traveling from Dubai International Airport is only 15 minutes. The Dubai Design District is connecting international markets and local design, the primary location for Dubai’s growing creative industry. Fashion, Luxury, Art, and Design, are all strategically catered for with tailored property to provide the ultimate platform for the creative industry.
Abu Dhabi’s economy seems to have turned a corner, as positive economic growth returns to the capital. But despite this, demand in the occupier market remains subdued.
Results for the year ended 31 March 2019
• Group turnover down 2% to £517.4m (2018: £525.9m)
• Group profit before tax down 11% to £148.4m (2018: £166.7m)
• Strong balance sheet with net assets at £260.8m (2018: £262.9m)
The global economic backdrop continues to be dominated by economies which are experiencing prolonged economic growth amid a low-interest-rate environment. The current US economic cycle, at more than nine years, is currently double the average length of the previous 33 economic cycles. This trend is not limited to the US; the UK is also nine years into its recovery and Australia is more than 27 years into its cycle.