Dubai International Financial Centre (DIFC) has announced the launch of 'The Exchange', a Dh180- million ($49 million) tower at its Gate Village, as part of its efforts to develop world-class infrastructure for its growing community.

'The Exchange,' which was completed in March, brings a total leasable area of 147,000 sq ft to the Gate Village. Of this, around 114,000 sq ft area is office space and 33,000 sq ft is retail space, reported state news agency Wam.

The ground + 8 storey building comprises 5 basement levels, bespoke modern and efficient office space, a new conference centre, as well as ‘The Exchange Square’, a landscaped piazza, serving as an extension of the existing Gate Village podium, it stated.

Around 84 per cent of The Exchange building has been leased, with Nasdaq Dubai, a long-standing client of the Centre, being the first occupant.

DIFC continues to develop its world-class infrastructure to meet the requirements of its growing community and retain its reputation for providing the most attractive, sought after business environment in Dubai.