Deyaar Development Midtown projects near 50% mark
Emirati developer says construction progress on Afnan and Dania districts are near 50% mark
Deyaar Development, one of Dubai’s leading real estate service providers, has said that progress is being made on its Afnan and Dania districts within its Midtown development in Dubai, with nearly 50% of construction work completed.
The Emirati developer handed over two flagship residential projects within its portfolio earlier this year, and in a statement, it said that the construction of both districts had reach the halfway point, with unit sales exceeding the 87% mark.
Comprising of 27 buildings across six districts, Midtown is a family-friendly community with a built-up area of 5.5 million sqft. The six districts will share a single-level podium that covers retail, parking and essential services, the developer said.
Situated in Dubai Production City, Midtown will offer residents easy access to local amenities, along with excellent transport links to Dubai International Airport, Dubai Mall, Mall of the Emirates, and Al Maktoum International Airport, as well as the Dubai Expo 2020 site.
Deyaar added that work on its other project – the Deyaar Millennium Hotel and Serviced Apartments – was expected to be completed by the end of 2018. Located close to the Mall of the Emirates in Al Barsha, the property aims to tap into the increased demand for hotel and serviced apartment accommodation in the area.
Deyaar Millennium has a total built-up area of more than 450,000sqft. The hotel will have 408 units, including 299 hotel rooms – 15 of which will be suites. In addition, it will have 109 serviced apartments – a mix of 93 one- and 16 two-bed units.
The developer handed over the residential towers of the Mont Rose development in March of this year. Located in Dubai Science Park, the project comprises of three towers – one with hotel apartments and two residential.
Both residential towers feature 146 one-, 144 two- and seven three-bedroom apartments. The hotel apartment tower has been designed to offer 126 studios, as well as 72 one-bedroom apartments.
Since July, the handover of The Atria has been ongoing, the statement added. With construction now complete, the hotel apartment tower consists of 347 bespoke apartments, including studios, one-, two- and three-bedroom apartments, and three-bedroom duplex units
“From the very start, Deyaar has been committed to developing properties to the very highest standards of quality,” said Saeed Al Qatami, CEO of Deyaar Development.
“We have demonstrated that this year with two of our flagship residential projects, the Mont Rose was delivered to the owners earlier this year, and we have recently initiated the handover process for The Atria. Deyaar will continue to develop and deliver properties in line with the UAE’s wide-ranging community needs and preferences,” he added.
