The Dubai Multi Commodities Centre (DMCC), a leading international business hub and significant contributor to the flow of global trade through Dubai, has announced the launch of two new high-end commercial towers, “One Uptown Place” and “Two Uptown Place.” This initiative marks a notable step in the ongoing expansion of the vibrant Uptown Dubai area.
These two towers are set to contribute over 560,000 square feet of premium office space, bringing the total commercial area in the region to more than one million square feet. Leasing is expected to commence in the second half of the year, with both towers slated for completion in the first quarter of 2028.
The new towers will consist of 21 and 15 stories, respectively, designed to accommodate a broad spectrum of businesses, from multinational corporations to rapidly growing startups. Office spaces will range from 2,100 to 17,600 square feet, featuring select floors with multi-level designs connected by private internal staircases, catering to larger companies seeking enhanced operational integration. Additionally, the project will include 82,000 square feet of retail space, further solidifying Uptown Dubai as a comprehensive mixed-use destination that seamlessly blends commercial, retail, and lifestyle activities within an interconnected environment.
Connectivity and Flexibility
Ahmad Bin Sulayem, the Executive Chairman and Chief Executive Officer of DMCC, remarked that companies are increasingly prioritizing environments that combine elements such as connectivity, flexibility, and access to capital markets.
This expansion comes as DMCC continues to develop new ecosystems in financial markets, including the launch of the “FinX” platform and the “Wealth Centre.” These initiatives aim to attract financial institutions, fintech platforms, alternative finance providers, and digital asset firms to the area. The accelerated growth in these sectors is driven by rising demand for high-quality office spaces in strategically connected locations.
The towers are designed to accommodate a wide array of businesses, offering office spaces between 2,100 and 17,600 square feet, including integrated multi-level designs. The project will also feature over 1,600 parking spaces with valet services, along with a dedicated transportation service linking the development to the Dubai Metro station.
Both towers are targeting Gold certification under the Leadership in Energy and Environmental Design (LEED) rating system, implementing advanced systems for energy and water efficiency, utilizing glass façades that control solar radiation, and improving indoor environmental quality.