Dubai Investments has announced that the construction of its $820 million Mirdif Hills project will commence handover in July.
With the phase 1 of the Mirdif Hills project now ready for handover, Janayen is 98 percent completed withnow ready for handover while the overall progress on the clusters Multaqa, Nasayem are at 55 percent and 96 percent respectively.
Developed by subsidiary Dubai Investments Real Estate Company (DIRC), the sales of Mirdif Hills was launched in December 2017, and received "phenomenal response" from investors and
end users, a statement said.
Mirdif Hills includes a four-star hotel by Millennium Hotels & Resorts with 116 rooms and 134 serviced apartments, retail units, a 230-bed hospital and around 1,500 apartments – a mix of studio, one, two, three-bedroom apartments and duplexes.
It is inspired by French architect, Le Corbusier, and based on his Immeuble Villa vision of many villas in a single vertical building.
Obaid Mohammed Al Salami, general manager at Dubai Investments Real Estate Company, said: “It is gratifying to see the efforts finally ready to yield results. As per the recent updates by Dubai Land Department, there is a healthy demand from buyers and investors who are benefitting from legislation and investment incentives recently announced by the Dubai government to make the emirate a preferred investment destination.
"In line with this growing demand, the Mirdif Hills project is designed to offer the investors an ideal investment option and has led to the development of projects targeted at expatriate investors and end users."For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.