Dubai, United Arab Emirates, 29 May 2024: Dubai World Trade Centre Authority (DWTCA) has officially expanded its jurisdiction to include within its Free Zone, One Za’abeel, the iconic landmark developed by ICD (Investment Corporation of Dubai). The 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.
Decree No. 18 of 2024 formally integrates One Za’abeel into the Dubai World Trade Centre Authority’s Free Zone, granting companies and organisations within the landmark mixed-use development access to a host of advantages provided by the Free Zone. These benefits include 100% foreign ownership, exemption from customs duties, dual-licensing opportunities, 0% Corporate Tax, simplified procedures for visas and permits, and a wide range of flexible office solutions.
Issam Galadari, Director of One Za’abeel Holdings, comments: “One Za’abeel stands at the intersection of Dubai’s busiest business and commercial hubs. Its strategic location, established digital infrastructure, efficient user experiences, and commitment to intelligence and sustainability defines the luxurious icon as a focal point for enterprise and prosperity.
Becoming a part of the Dubai World Trade Centre Authority’s Free Zone further benefits the tenants of One Za’abeel The Offices and its forthcoming retail Podium, offering them continued opportunity to grow and solidify their presence in this thriving business community.”
Abdalla Al Banna, VP of Free Zone Regulatory Operations of Dubai World Trade Centre Authority, adds: “Dubai World Trade Centre Authority’s Free Zone offers a competitive and robust ecosystem, set within a regulated environment that attracts global companies, innovators, and entrepreneurs. Expanding our jurisdiction to include One Za’abeel as part of the Free Zone reinforces our position as a hub for commerce and enterprise in the heart of Dubai’s Central Business District and directly benefits businesses and SMEs that are integral to accelerating the goals of Dubai’s Economic Agenda D33”.
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. The development holds both LEED Gold and WiredScore Platinum certifications, providing the highest standards of technology, connectivity, and sustainability for tenants. Located across 17 Levels of the development, The Offices offers tenants access to an ecosystem of retail, dining, hospitality and more at their doorstep. One Za’abeel’s retail Podium is set to opening its doors later this year. The high-end retail space will feature international and local brands for onsite shopping and F&B experiences.
DWTCA’s Free Zone is the free zone of choice for both large tenants – including Fortune 500 companies – and SMEs. Home to companies across over 40 diverse sectors, DWTCA is committed to a seamless business set-up experience for every tenant. This is enhanced by a unique market proposition with a key focus on offering tailor-made services to meet wide-ranging tenant requirements.
