Dubai – Mubasher: Dubai International Financial Centre (DIFC) on Sunday reported a 4% increase in operating profits to $149 million in 2016, compared to the year-ago period.
Operating profits were mainly driven by rental income, DIFC said in a statement.
The number of companies registered at the DIFC rose by around 13% to 1,648, while the number of people working in the financial free zone increased 9% to 21,600 in 2016, it added.
Occupancy at the DIFC was seen at 98% last year, encouraging its owner Dubai Investments to add more commercial space, including Gate Avenue and The Exchange.
"Continuous investments such as this will reinforce our strong position in the region and support Dubai’s vision of being a leading global financial centre," DIFC Investments chairman Essa Kazim stated.
