ICD Brookfield Place

What ICD Brookfield Place does

ICD Brookfield Place is a mixed-use commercial real estate development located in Dubai International Financial Centre (DIFC), operating as a joint venture between the Investment Corporation of Dubai (the principal investment arm of the Government of Dubai) and Brookfield Property Partners. The asset comprises a 282-meter, 55-storey tower with approximately 140,000 square feet of green space, including a five-storey accessible Summer Garden, and is the tallest and largest office building in EMEA to achieve LEED Platinum certification, as well as the largest WELL Health-Safety rated office building in MENA. The property is designed by Foster + Partners and engineered with MERV13 filtration, UVGI pathogen sterilization, and a building performance analytics dashboard, delivering 30% lower energy consumption and 48% lower water usage versus industry benchmarks.

The core revenue model is multi-stream commercial real estate leasing, anchored by long-term Grade A office leases to enterprise tenants (financial institutions, law firms, EY as a named anchor), supplemented by retail and dining leasing (over 20 venues including The Arts Club, Christie's, Il Gattopardo, Bar des Prés, 1920, 1Rebel, Waitrose), The Suites flexible workspace (1-3 year plug-and-play contracts designed by Marmol Radziner), and event venue rental at Horizon 52 on the 52nd floor. Distribution is exclusively direct enterprise leasing through the in-house property management team, with consumer-facing retail and dining operating as a public-access lifestyle destination.

In April 2024, Abu Dhabi-based Lunate and Saudi-based Olayan Financing Company jointly acquired a 49% stake in ICD Brookfield Place Limited, in one of the largest commercial real estate transactions in the UAE since 2020, validating institutional demand for the asset. The company is privately held (no ticker or public listing), employs 11-50 staff, and is led by CEO Rob Devereux, with operational support from Brookfield's vertically integrated global real estate platform and the strategic backing of the ICD. Marketing is anchored by an integrated social and content strategy (Instagram, Facebook, LinkedIn), earned media in outlets like Bloomberg and Wallpaper, and the ICDBP Arts and Wellness Week programming, which together position the building as a lifestyle and business destination rather than a pure office property.

Name

ICD Brookfield Place

Legal name

ICD Brookfield Place Limited

Website

https://icdbrookfieldplace.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

ICD Brookfield Place is a LEED Platinum-certified 55-storey mixed-use tower in Dubai's DIFC, operating as a joint venture between Investment Corporation of Dubai and Brookfield Properties, serving enterprise office tenants, luxury retail and dining brands, and event clients through premium sustainable real estate.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Office Space Leasing: Long-term commercial office leases to enterprise tenants including financial institutions, law firms, and professional services companies. The building offers premium office space with flexible workspace options (The Suites) and traditional floor plates.
2. Retail and Dining Space Leasing: Premium retail and restaurant space leasing to luxury brands, dining establishments, wellness studios, and lifestyle retailers. Tenants include The Arts Club, luxury restaurants, fitness studios, and specialty retailers.
3. Event Venue Rental: Premium event spaces including Horizon 52 (52nd floor event venue) and The Suites for corporate events, product launches, and private celebrations.
4. Flexible Workspace (The Suites): Plug-and-play flexible workspace solution with flexible contracts ranging from one to three years, designed by Marmol Radziner, offering small private offices and meeting rooms.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

ICD Brookfield Place operates a 282-meter mixed-use tower in Dubai's DIFC, offering premium Grade A office space, flexible workspace solutions (The Suites and Sky Suites), retail and dining venues, event spaces, and a five-storey Summer Garden cultural venue. The property leases space to enterprise financial institutions, law firms, and professional services companies, while also providing public-facing dining, wellness, and cultural amenities.

Product overview

ICD Brookfield Place is a mixed-use real estate development in Dubai's DIFC, operated as a joint venture between the Investment Corporation of Dubai and Brookfield Properties. The property encompasses premium Grade A office space (including The Suites and Sky Suites flexible workspace offerings), a Summer Garden cultural venue, the Niche community hub, and an ICD Brookfield Place Arts program alongside diverse retail and dining experiences. The integrated portfolio combines core office and retail real estate with lifestyle, wellness, cultural, and events programming to serve as the region's premier lifestyle and business address.

Differentiator

Problem solved

Functional benefit

Brands

• The Suites: Flexible workspace solution featuring small private offices designed by Marmol Radziner, with plug-and-play offices, lounge areas, and meeting rooms available on flexible leases ranging from one to three years.
• ICDBP Arts

Products and services

• Office Spaces Premium Grade A office space across a 282-meter tower in Dubai's DIFC, offering efficient floor plates, column-free corners, panoramic views, and LEED Platinum-certified sustainable office environments for enterprise tenants.
• The Suites Flexible workspace solution offering small private offices with plug-and-play setup, stylish lounge and hub areas, meeting rooms, and flexible lease terms ranging from one to three years, designed by Marmol Radziner.
• Sky Suites Premium upper-floor office suites offering enhanced amenities and elevated views within the tower for enterprise tenants.
• Retail and Dining Leasing Mixed-use retail and dining leasing program featuring premium venues including restaurants, cafés, fitness studios, wellness services, luxury retail, and lifestyle brands across the building's ground and public areas.
• Summer Garden A five-storey, 31-meter-high accessible public garden and cultural event space at the heart of the building, unique in Dubai, hosting art exhibitions, public events, and providing year-round climate-controlled green space.
• Niche A vibrant cultural hub and community space within the building designed by Roar Studio, offering flexible co-working areas, workshops, talks, yoga sessions, and a hybrid work environment for tenants and the broader community.
• ICD Brookfield Place Arts Year-round arts and cultural programming featuring rotating exhibitions, artist talks, workshops, and live music performances, showcasing both regional and international artists in the Summer Garden and public spaces.
• Horizon 52 An elevated event space perched on the 52nd floor offering panoramic views of the Dubai skyline, available for business meetings, product launches, milestone celebrations, and private events, open daily from 9am to midnight.
• Parking Services Multi-level car parking including visitor parking in Basement 1-2, tenant parking in Basement 3-7, standard valet services, and designated e-scooter parking areas.

Quantifiable outcome

• 30% energy cost reduction compared to industry standard
• +7 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and secondary.

• Foster + PartnerscoreStrategic or Co-development PartnerFoster + Partners designed ICD Brookfield Place under the direction of Grant Brooker, Director and Head of Studio. The firm created a world-class workplace within an urban setting featuring the distinctive five-storey Summer Garden and A-frame architectural elements.
• Townshend Landscape ArchitectssecondaryStrategic or Co-development PartnerTownshend Landscape Architects designed the landscaping and green spaces at ICD Brookfield Place, including the 31-meter Summer Garden and public realm areas. Led by Carola Enrich, Senior Associate.
• Marmol RadzinersecondaryStrategic or Co-development PartnerAward-winning LA-based architects Marmol Radziner designed The Suites flexible workspace solution at ICD Brookfield Place, creating contemporary and sophisticated workspaces.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Aldar Properties (HQ at Al Maryah Island): Aldar Properties is Abu Dhabi's largest listed developer and operates premium commercial real estate on Al Maryah Island and the Abu Dhabi Global Market (ADGM) financial district, competing regionally for the same Gulf financial-services and multinational tenant base.

Direct peers

• Central Park Towers (DIFC): Central Park Towers is a premium office development within DIFC that competes with ICD Brookfield Place for the same pool of financial-services and professional-services tenants in the DIFC district.
• Uptown Tower (DMCC): Uptown Tower is a mixed-use Grade A tower in the DMCC free zone adjacent to JLT, competing with ICD Brookfield Place for premium Dubai office tenants, particularly multinational corporates seeking flagship regional HQs with strong amenity offerings.
• Boulevard Plaza (DIFC): Boulevard Plaza is a Grade A office tower located within Dubai International Financial Centre, the same micro-market as ICD Brookfield Place. It competes directly for DIFC-anchored banks, law firms, and professional services firms seeking premium office space.
• Emirates Towers (Jumeirah Group): Emirates Towers is a twin-tower Grade A office and hotel complex on Sheikh Zayed Road in Dubai that competes with ICD Brookfield Place for premium multinational and financial-services tenants in the same city. Both assets target enterprise occupiers seeking prestige addresses and high-end amenities.

Broad incumbents

• DAMAC Properties: DAMAC is a major Dubai-based luxury real estate developer with commercial and mixed-use assets in Business Bay and other prime districts. It competes more broadly for premium Dubai commercial tenants and is a useful comparison for UAE CRE operator economics.
• Emaar Properties: Emaar is the largest Dubai-based real estate developer with a broad commercial and mixed-use portfolio across Downtown Dubai, Dubai Marina, and other districts. While not a direct DIFC competitor, Emaar sets pricing benchmarks and competes for the same UAE enterprise tenant pool.
• Ivanhoé Cambridge: Ivanhoé Cambridge is a major global institutional real estate investor with trophy office and mixed-use assets. It is comparable as a peer for institutional investors evaluating ICD Brookfield Place's risk/return profile versus globally diversified CRE platforms.
• Brookfield Properties (parent): Brookfield Properties is the co-owner and operator of ICD Brookfield Place and a global commercial real estate operator with trophy office portfolios across New York, London, Toronto, and other gateway cities, providing a natural benchmark for global CRE operating benchmarks and capital structure.

Others

• Dubai International Financial Centre (DIFC): DIFC is the financial-district authority and master developer within which ICD Brookfield Place is located. As the operator of the surrounding district, DIFC drives tenant demand, regulatory frameworks, and infrastructure that directly shape the building's tenant pool and footfall.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/icdbrookfieldpl
• Facebookfacebook.com/ICDBrookfieldPlace
• LinkedInlinkedin.com/company/icd-brookfield-place

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICD Brookfield Place