Sunday, August 03, 2008

Dubai Investments to launch Dh.2bn Mirdiff Hills in Dubai

mirdiff hills dubai
Dubai Investments (DI), through its real estate arm Dubai Investments Real Estate Company (DIRC), has announced plans to launch the Dh.2bn Mirdiff Hills mixed-use development in Dubai.

Being the latest in a series of mega projects launched by DI, Mirdiff Hills is considered a self-contained community with corporate offices, residential apartments and retail outlets.

The project, with a total built-up area of 2.7mn Square Feet, includes all modern facilities including clubhouse, swimming pool, playschools, internet connectivity, children play area, cafes, and 24-hour security.

Speaking during the launch of the project, the Managing Director and CEO of DI, Khalid Kalban, mentioned that DIRC aims to play a leading role in regional property sector, and through the launch of Mirdiff Hills the company plans to take a considerable step towards achieving objectives and consolidating the market presence of the company.

He revealed that several other prestigious projects are in pipeline, and DIRC is all set to expand its growing portfolio and presence in UAE realty sector.

Mirdiff Hills is a landmark project, and is likely to be one of the most desired mixed-use destinations in Dubai. With a unique blend of residential, retail and commercial units, together with world-class and leisure amenities, Mirdiff Hills will be a good self-sustained township, which offers tenants a comfortable community lifestyle, described Obaid Al Salami, the General Manager of DIRC.

Construction has already commenced, and the project will be complete by 2010.

Located in the Mirdiff area of the City, the Mirdiff Hills features 680 comfortable apartments, 380 offices and 129 retail units. Designed by the renowned Dubai-based architects Al Shurooq Engineering Consultants, the construction leaders Al Arif Contracting Company has been appointed as the lead contractor.

DIRC owns a portfolio of excellent mix of residential and commercial projects in UAE, apart from the Dh.14bn mixed-use development that is currently under construction in Ajman. DIRC has also made its presence felt in the hospitality and sports management sectors through its subsidiaries.

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