An artist's impression of Mirdif Hills project.
Dubai group to launch mixed-use project
DUBAI, September 7, 2015
Dubai Investments Real Estate Company (DIRC) has announced plans to launch Mirdif Hills, a mixed-use residential, commercial and retail development in the UAE emirate, at the upcoming Cityscape Global expo.
A real estate arm of Dubai Investments, DIRC said the project will spread across three million sq ft and will be equipped with all lifestyle amenities and retail components.
Strategically situated adjacent to Mushrif Park, the high-end Mirdif Hills project will include over 1,500 apartments, retail outlets, hotel, commercial options, community recreation and is likely to be completed by the first quarter of 2018.
The development is spread across three components: Al Multaqa Avenue, Janayen Avenue and Nasayem Avenue and offers an array of community attractions.
Set to be one of the mega projects by DIRC, Mirdif Hills is the only freehold development in Mirdif area. It is envisioned as a self-contained community and will feature a swimming pool, clubhouse, playschool, internet facilities, coffee shops and children’s play area, in a 24-hour secured gated environment.
DIRC said the project reinforces its growing eminence in the regional real estate sector, backed by its portfolio of residential, commercial, warehousing and labour accommodation units.
The company has also diversified its presence in the hospitality through its subsidiary Al Mujama Real Estate and tapped into the sports fitness sector through its partnership with Al Qudra Sports Management.
Obaid Al Salami, the general manager of DIRC, said: "Mirdif Hills exemplifies the essence of good living in one of Dubai’s most tranquil locations. This well-integrated project is a significant step towards achieving DIRC’s strategic objectives and consolidating its market presence in the real estate domain."
"The project is an exceptional addition to the company’s portfolio and complements DIRC’s role in the region’s real estate landscape," he added.-TradeArabia News Service