Everything you would expect from a 5 star hotel, catering to all your business needs while at home.

Park Towers at DIFC offer panoramic views of the financial hub and provide the ultimate in exclusivity and comfort. With a choice of one, two, and three bedroom apartments in various configurations, The Residences at DIFC are bound to appeal to your discerning tastes. Poised to be the most sought after address in the world's newest financial centre, the two towers are designed to provide you with a luxurious yet comfortable apartment - a masterpiece of contemporary architecture and distinct styling.

The intelligent design of the towers ensures that every apartment has a wide balcony offering you the freedom to relax and enjoy the stunning views of the financial district, with its parks, cafés and entertainment facilities.

Area Information
The DIFC is a 110-acre free zone located at the crossroads of the major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with a 24 hour/7 day a week global financial network. The DIFC is the world's newest international financial center aiming to encompass the same stature as New York, London and Hong Kong. Unlike ‘offshore’ tax havens, the DIFC is a fully fledged ‘onshore’ capital market.

The Dubai International Financial Center - DIFC was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. Since it opened in September 2004, the DIFC has attracted top firms from around the world as well as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September 2005.

DIFC’s ultimate goal is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency. As a new global jurisdiction for financial institutions, the DIFC offers its participants a highly attractive investment environment, including:

100 percent foreign ownership

zero percent tax rate on income and profits

wide network of double taxation treaties available to UAE incorporated entities

no restrictions on foreign exchange or capital/profit repatriation

dollar denominated environment

transparent operating environment with high standards of rules and regulations

strict supervision and enforcement of money laundering laws

ultra modern accommodation, state-of-the-art technology, sophisticated infrastructure

data protection/security, operational support and business continuity

facilities of uncompromisingly high standards.

The Dubai International Financial Center - DIFC focuses on several sectors of financial activity:
Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management and Fund Registration; Insurance and Reinsurance; Islamic Finance; Business Processing Operations and Ancillary Services.

In terms of accommodation in Dubai International Financial Center - DIFC, 45 towers will be built and approximately 30% will be residential while 70% commercial.

Damac project in this area is called PARK TOWERS offering commercial and residential freehold DAMAC properties in DIFC - Dubai International Financial Centre–