Dubai World Trade Centre Free Zone Formally Expanded To Include One Za'abeel
Jul 5, 2024
One Za'abeel, the landmark mixed-use property in Dubai's Central Business District, has now officially become part of the Dubai World Trade Centre Authority's (DWTCA) Free Zone.
This expansion was formalised with the enactment of Decree No. 18 of 2024, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai.
This integration will now grant companies and organisations within this remarkable landmark mixed-use development access to host and feature the attractive benefits offered by the Free Zone.
Some of the noteworthy benefits include 100% foreign ownership, 0% corporate tax, dual-licensing opportunities, exemption from customs duties, simplified visa and permit procedures, and a wide range of flexible office solutions.
This initiative is another step towards making Dubai an ideal business hub, attracting more investments to the thriving city of opportunities.
One Za'abeel - The Ultimate Address for The Modern Urban Citizen
One Za'abeel stands at the intersection of the busiest business and commercial hubs in Dubai, one of the world's most dynamic cities.
Its strategic location, together with established digital infrastructure, seamless user experiences, and commitment to sustainability, defines the luxurious development as a focal point for enterprise and prosperity.
One Za'abeel represents the perfect address for the modern urban citizen in Dubai, the largest and most populous city in the UAE.
It is designed primarily to incorporate the world's best living, working, and leisure experiences in the heart of Dubai under one convenient landmark, creating something simply spectacular and everlasting, meeting the needs of the modern world.
Becoming Part of Dubai World Trade Centre Authority (DWTCA) Free Zone
'One Za'abeel The Offices' is home to 26,000 sqm (280,000 sq ft) of Grade-A office space and premium amenities and services. It also holds both LEED Gold and WiredScore Platinum certifications, guaranteeing the highest technology, connectivity, and sustainability for its tenants.
Located across 17 Levels of the development, The Offices offer tenants easy access to an ecosystem of retail, hospitality, dining, and more at the convenience of their doorstep.
One Za'abeel retail Podium is set to open its doors later this year. This high-end retail space is expected to feature international and local brands for on-site shopping and dining experiences.
Becoming part of the Dubai World Trade Centre Free Zone will further enhance the attractiveness, diversity, and benefits for the tenants of One Za'abeel The Offices - and open more ways for them to grow and solidify their presence in this thriving business community.
Dubai World Trade Centre Free Zone - A Symbol of The City's Dedication to Commerce, Innovation, and Global Connectivity
DWTCA's Free Zone is the free zone of choice for large tenants, including Fortune 500 companies and SMEs in the city.
It is home to companies across over 40 diverse sectors and is committed to providing a seamless business set-up experience for every tenant. This is enhanced by its unique market proposition, which primarily focuses on customising services to meet the diverse requirements of its tenants.
Over the past few decades, Dubai has constantly emerged as one of the most business-friendly destinations in the world. It is also renowned for being a global business hub for many reasons.
As an economic hub, Dubai attracts more visitors and investors than other GCC countries and has solidified its status as the premier global hub for foreign direct investment (FDI).
From high security, convenience, and luxury lifestyles to tax-free benefits, world-class infrastructure and ease of doing business, Dubai constantly ensures its initiatives are centred on attracting more foreign direct investments and business establishments.
Dubai is also well-placed logistically and can easily access supply sources from around the world, further enhancing its attractiveness for setting up a business.
One transformational initiative aimed at making Dubai the ideal business destination is the formation of the Dubai World Trade Centre Free Zone. Dubai became the first emirate in the UAE to pioneer the free zone model, which offers foreign businesses attractive concessions and investment incentives.
DWTCFZ was developed in 2015 as part of the World Trade Center in Dubai, commonly known as DWTC (Dubai World Trade Center), and since its inception, it has become a popular place to incorporate businesses in the region.
Written By
Ketan Trehan
Associate Director UAE & KSA