Construction has begun on Water Gardens, a Dh5.14 billion ($1.4 billion) mixed-use development at the heart of the Dubai International Financial Centre. The project, part of the Gate District, will include two hotels, branded residences and office space, with direct access to Al Sukook and Al Mustaqbal streets as well as Gate Avenue. the scheme comprises two hotels, including one with 154 rooms, 40 branded residential units, and 132 apartments within a component known as Eden House. The office tower, spanning more than 21,965 square metres, has secured LEED Platinum certification, reflecting high environmental sustainability standards.
Around 30,000 workers are currently active on site, with completion targeted for 2028. The developer said 85 per cent of the branded residential units have already been sold, at prices exceeding Dh8,000 per square metre.
The project is the latest sign of continued growth in Dubai's luxury real estate sector, with DIFC emerging in recent years as one of the most sought-after locations for commercial and residential investment in the UAE, continuing to attract large-scale developments from both international and local builders.