Two-phased project expected to be completed by Q4-2018
Dubai Investments has recently broken ground on its $800 million freehold project Mirdif Hills being developed by its real estate subsidiary Dubai Investments Real Estate Company (DIRC), a company press statement has indicated.
Mirdif Hills, the only freehold project in the area, is a mixed-use residential, commercial and retail development spread across an area of 3.9 million sqft. It will feature 1,054 apartments – a mix of studio, one, two and three-bedroom apartments and duplex units, a four-star hotel with 116 rooms & 128 serviced apartments and a 230-bed hospital.
The groundbreaking ceremony was held in the presence of Khalid Bin Kalban, the managing director and CEO of Dubai Investments and chairman of DIRC, Obaid Al Salami, the general manager of DIRC, company officials and representatives from the project contractors and consultants.
“The sales of Mirdif Hills, launched in December, received encouraging 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,” Bin Kalban said.
To be developed in two phases, Mirdif Hills is scheduled for completion by the fourth quarter of 2018.