Dubai Investments has broken ground on the Mirdif Hills project, being developed by its subsidiary, Dubai Investments Real Estate Company, DIRC.
The AED3 billion Mirdif Hills is a mixed-use residential, commercial and retail development spread across 3.9 million square feet and equipped with 1,054 apartments.
The ground-breaking ceremony was held onsite in the presence of Khalid Bin Kalban, Managing Director and CEO of Dubai Investments and Chairman of DIRC, Obaid Al Salami, General Manager of DIRC, company officials and representatives from the project contractors and consultants.
Khalid bin Kalban said, “The sales of Mirdif Hills, launched in December, received phenomenal response from investors and end-users, which is a great endorsement of not only the project features but also of Dubai Investments and DIRC’s track record. The Janayen and Nasayem Avenues were launched for sales in the first stage. With the ground-breaking ceremony, the company is looking forward to driving the project to completion within the set timeframe.”
Being constructed in two phases, Mirdif Hills is expected to be completed from Q4 2018. DIRC has on offer attractive payment plans for the project, whereby investors can pay up to 50 percent during the construction phase and the balance on completion.
[Source: Emirates News Agency/WAM/Esraa/Moran-Media Relations]
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