Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that the construction of the AED 3 billion Mirdif Hills project, being developed by its subsidiary Dubai Investments Real Estate Company [DIRC], is 30% complete.
Structural work on the project’s clusters – Janayen Avenue, Nasayem Avenue and Multaqa Avenue – is progressing as per schedule. Construction of Janayen Avenue is 31% complete including the fourth floor slabs, while Nasayem Avenue is 34% completed with fourth floor slabs. The Mechanical, Electrical and Plumbing works have also commenced. Multaqa Avenue is in preliminary stages of construction.
Mirdif Hills is the only freehold in Mirdif now. A luxury community like no other, the project is expected to be fully completed starting from Q2 2019.
Dubai Investments has also launched the sales in Nasayem Avenue. The cluster offers a mix of two & three bedroom apartments as well as three & four bedroom duplexes.
Obaid Mohammed Al Salami, General Manager of DIRC, said: “The construction of Mirdif Hills is progressing on schedule. DIRC is confident of delivering the project on time while meeting the highest quality standards. A unique, well-equipped development in a strategic location, Mirdif Hills offers distinctive advantages in line with the needs and demands of the market.”
He added: “The Nasayem Avenue offers a unique mix of affordable residential and commercial units that are modernly designed to meet investors’ expectations. The overall response for the project has been very encouraging and the company anticipates similar demand for units in Nasayem Avenue.”
Mirdif Hills offers flexible payment plans at special price points. The payment plan includes 30% payment during the construction phase spread over 18-months’ period and the balance 70% payment on handover, making the process seamless and easier for buyers. Two bedroom units start from AED 1.2 million.
Strategically overlooking Dubai’s Mushrif Park with close proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with lifestyle attractions including a four-star hotel by Millennium Hotels & Resorts with 116 rooms & 128 serviced apartments, retail units, a 230-bed hospital and around 1,500 apartments – a mix of studio, one, two, three-bedroom apartments and duplexes.