Dubai Investments Real Estate Company (DIRC) said work on its Dh3-billion ($816 million) freehold project, Mirdif Hills, was progressing as per schedule with 30 per cent of the construction already completed.

DIRC, a real estate subsidiary of Dubai Investments, a leading, diversified investment company, said the 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 per cent complete including the fourth-floor slabs, while Nasayem Avenue is 34 per cent completed with fourth floor slabs.

Also the Mechanical, Electrical and Plumbing (MEP) works have started on the Nasayem project, while the construction work on Multaqa Avenue is in its preliminary stages.

A major luxury community, Mirdif Hills is the only freehold in the area and is expected to be fully completed in the second quarter of 2019.

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.

These include a four-star hotel by Millennium Hotels and Resorts with 116 rooms and 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, said the statement from DIRC.

Impressed with project progress, Dubai Investments has now launched the sales in Nasayem Avenue, which offers a mix of two- and three-bedroom apartments as well as three and four bedroom duplexes.

"The construction of Mirdif Hills is progressing on schedule. DIRC is confident of delivering the project on time while meeting the highest quality standards," remarked Obaid Mohammed Al Salami, the general manager of DIRC.

Mirdif Hills offers flexible payment plans at special price points. The payment plan includes 30 per cent payment during the construction phase spread over 18-months’ period and the balance 70 per cent payment on handover, making the process seamless and easier for buyers. Two bedroom units start from Dh1.2 million.

"A unique, well-equipped development in a strategic location, Mirdif Hills offers distinctive advantages in line with the needs and demands of the market," noted Al Salami.

"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," he added.-TradeArabia News Service