18 August 2021, Trade Arabia – tradearabia.com
Dubai Investments is gearing for the delivery of projects worth AED3.5 billion in the second half of 2021 across Dubai and Fujairah.
The handover portfolio includes the delivery of the final phase comprising mall, retail, offices and the hotel within the commercial cluster of the AED3 billion Mirdif Hills Project – a mixed-use community development in Mirdif.
The company successfully handed over the residential cluster within the project in 2020. Works are also progressing steadily to complete the AED470-million flagship Al Taif Business Centre project in Fujairah – a mixed-use project comprising of the mall, office tower, residential tower, and the hotel.
Vice Chairman and CEO Khalid Bin Kalban, 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 the 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,” he added.
Providing a perfect blend of residential, commercial and hospitality segments, the two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units in addition to over 280,000 sq ft of office spaces, more than 350 hotel rooms and more than 1200 units of residential and serviced apartments.
Counted towards setting a benchmark in the emirate’s planned urban development, the projects will act as a catalyst, attracting investments and elevating profile as a vibrant business destination coupled with attributes addressing lifestyle needs of hospitality, retail, and entertainment across the emirates.
-TradeArabia News Service