Dubai Investments, listed on the Dubai Financial Market (DFM), on Wednesday announced that the handover of the progressing Mirdif Hills project being developed by its subsidiary Dubai Investments Real Estate Company (DIRC) in Mirdif will commence in July as scheduled.
Phase 1 of the Mirdif Hills project is ready for delivery now, while almost 98% of Janayen’s construction is finished, according to a press release.
Meanwhile, construction works at the clusters Multaqa and Nasayem are 55% and 96% completed, respectively.
The project currently offers an exclusive mortgage plan upon which investors can finance up to 80% and own the flat with 20% down payment to be repaid in easy installments with attractive financing facilities.
Mirdif Hills features 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 including a mix of studio, one-, two-, three-bedroom apartments, and duplexes.
Located in close proximity to Dubai International Airport, the project is based on French architect Le Corbusier’s ‘Immeuble Villa’ vision of many villas in a single vertical building.
Obaid Mohammed Al Salami, general manager at DIRC, said: “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.”
“With Janayen Avenue located around a gated garden with wide walkways, and other lifestyle attractions, which comprises a mix of residential units of one, two, three bedroom apartments and three and four bedroom duplexes, the Nasayem Avenue is situated at the centre of the masterplan, and is surrounded by a gated community garden and a mix of residential buildings ranging from two and three bedroom apartments to three and four bedroom duplexes,” he added.
Moreover, Al Multaqa Avenue comprises of seven blocks with 279 homes distributed across three buildings, and span the studio, one-, and two-bedroom layouts.
The project also includes a 116-key Millennium Hotel with 134 serviced apartments, restaurants, and retail space.