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DWTCA expands free zone to include One Za’abeel, offering key benefits to businesses

Companies in One Za’abeel will now have access to benefits like 100% foreign ownership, customs duty exemption, dual-licensing opportunities, zero corporate tax, among others

One Za'abeel

Dubai World Trade Centre Authority (DWTCA) has extended its free zone jurisdiction to include One Za’abeel. Decree No. 18 of 2024, issued by Sheikh Mohammed bin Rashid Al Maktoum, formalised the expansion. Companies in One Za’abeel will now have access to benefits like 100% foreign ownership, customs duty exemption, dual-licensing opportunities, zero corporate tax, simplified visa procedures, and flexible office solutions.

Abdalla Al Banna, VP of Free Zone Regulatory Operations of Dubai World Trade Centre Authority, states, “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.”

Issam Galadari, Director of One Za’abeel Holdings, adds, “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 define 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.”

What is One Za’abeel?

One Za’abeel is an iconic mixed-use development developed by ICD (Investment Corporation of Dubai) and comprises two skyscrapers, One Za’abeel Tower and One Za’abeel The Residences, which are dissected by The Link, a 230m cantilevered building suspended 100 metres above the ground.

The Offices occupy 17 levels in One Za’abeel Tower and cover a total area of 280,000 square feet. Built with sustainability in mind, the development achieved LEED Gold certification in December 2023.

The Offices at One Za’abeel are equipped with smart technologies for automation and energy optimisation. This includes controlling electrical, lighting, air conditioning, and ventilation systems to regulate energy usage while maintaining comfortable indoor temperatures. The workspace also features floor-to-ceiling windows for natural light and unobstructed city views. One Za’abeel is working towards obtaining WiredScore and SmartScore certifications.