Dubai Investments to hand over close to $1bn worth of projects in H2 2021
Portfolio comprises retail, office, hospitality and residential spaces across Dubai and Fujairah
Real estate and diversified investments company Dubai Investments has announced that it is handing over projects worth $953m in the second half of 2021 across Dubai and Fujairah, comprising retail space, office units, hotel rooms and residential and serviced apartments.
Detailing the projects, the company said that they are made up of more than 240,000sqft of retail space, 100 retail units, over 280,000sqft of office space, 350 hotel rooms and more than 1,200 units of residential and serviced apartments.
The company’s handover portfolio during the second half of 2021 includes the final phase of the $816m Mirdif Hills Project, a mixed-use community development in Mirdif comprising mall, retail, offices and a hotel within its commercial cluster. Dubai investments successfully handed over the residential cluster of the project in 2020.
Work is also progressing steadily to complete the $128m flagship Al Taif Business Centre project in Fujairah – a mixed-use project comprising a mall, office tower, residential tower and hotel.
Khalid Bin Kalban, vice chairman and CEO, Dubai Investments, said: “With the real estate sector maintaining stability in Q1 2021, it will continue to be a key vertical for Dubai Investments. We are completing the final phases of projects at strategic locations, offering a range of investment opportunities, aimed at furthering economic diversification and enhancing the investment environment. Our commitment to a fast-paced track to growth will ensure the sustainability of the development process and the consolidation of a knowledge-based economy that can attract assets and investments from around the world.”
