Dubai International Academic City (DIAC) is the world’s only Free Zone dedicated to Higher Education. Established in 2007 as part of TECOM Investments, DIAC aims to develop the region’s talent pool and establish the UAE as a knowledge-based economy. The intention is for Academic City to be a base for schools, colleges and universities, while Knowledge Village will house training institutes and educational service organizations. Dubai Academic City will create a global academic destination that provides all institutions housed in it with opportunities for communication, experience-sharing and cooperation to utilize latest technologies and processes, said a senior official.
100% foreign ownership; full repatriation of profits and capital; 100% tax free; guaranteed 50-year exemption from personal, income and corporate taxes; exemption from customs duty for goods and services
DIAC provides different land options to partners including education, mixed-use, student accommodation, retail and hotel plots. Plots are purposefully selected to match the needs for educational institutions, residential apartments, accommodation and dormitory facilities, shopping centers and super markets and Hotels.
Commercial floors are offered to entities which meet licensing requirements of DIAC.
The DIAC Business Center offers a selection of products and services ranging from hot desk to fully furnished complete office environments. A company may choose any type of desk or office space depending upon its requirements.