More than 240,000 Sq. ft of retail space, 100 retail units, more than 280,000 Sq. ft of office spaces, more than 350 hotel rooms and more than 1200 units of residential and serviced apartments to be made available
Dubai Investments has reaffirmed its commitment to drive the thriving real estate sector with project handovers worth AED 3.5 billion in H2 2021across Dubai and Fujairah.
The Company’s handover portfolio during the 2nd half of 2021 includes the handing over of the final phase comprising of mall, retail, offices, and the hotel within the commercial cluster of the AED 3 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 AED 470 million flagship Al Taif Business Centre project in Fujairah - a mixed-use project comprising of the mall, office tower, residential tower, and the hotel.
“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”, said, Khalid Bin Kalban, Vice Chairman and CEO, Dubai Investments.
Providing a perfect blend of residential, commercial and hospitality segments, the two projects together will provide more than 240,000 Sq. ft of retail space with 100 retail units, more than 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.