We're told it will host a "comprehensive program of art exhibitions, workshops, entertainment and talks," aimed at Dubai's creative community.
Inside the venue on Sheikh Mohammed Boulevard, there are art galleries, the aforementioned coworking space, a creative library, and café.
We can also look forward to screenings of documentaries, movies and art films, and workshops aimed at different disciplines and levels.
Founder Emaar says Foundry is a "transformational space created for like-minded people who are looking for an alternative offering."
More details of pop-ups with local and international galleries will be released in the new year, so watch this space.