Amlak Finance announces the completion of its new residential development project in Mirdiff
Amlak Finance, a Dubai-based real estate financier, has announced the completion of its new residential development project in Mirdiff.
This marks the first time which Amlak has developed fully-owned property, it said in a statement.
The project consists of 54 villas and was scheduled for handover last month. With the completion of the Mirdiff project, these villas are now ready for viewing by potential tenants.
Arif Alharmi, managing director & CEO of Amlak Finance, said: “We are pleased to announce the completion of the Amlak’s first fully owned residential development project in Mirdiff. This project is a testament towards our forward thinking approach and further strengthens our leadership position in the market.
"Through such developments, we hope to continue to enhance the value of the UAE’s real estate market in addition to fulfilling our commitments to our financiers and shareholders.”
The AED138 million development includes 18 land plots, with total built-up area of 180,085 square feet. Each plot consists of three high-end townhouse villas which have four to five bedrooms, private gardens and parking facilities.