Developer is also studying plans to build a five star hotel, general manager says
A subsidiary of Dubai Investments is planning to re-launch a $544.4m mixed-use project and develop a five-star hotel in Dubai Maritime City, according to Emirates 24-7.
The Dubai Investments Real Estate Company (DIRC) is presently studying the project, with possible plans to launch “phase one of the Mirdiff Hills project since designs are already approved by the authorities,” said Obaid Mohammed Al Salami, general manager, DIRC.
The developer is “also studying plans to build a five-star hotel in Maritime City, where we own a plot,” said Al Salami. The development would comprise 680 apartments, 380 offices and 129 retail outlets.
DIRC has more than 2,250 apartments, 100 warehouses, two office building and more than 3,000 labour-camp rooms under its management.
Encouraged by signs of recovery, a number of real estate firms have decided to re-launch previously approved projects.