Dubai Investments is gearing up for the delivery of projects worth AED3.5 billion ($952 million) in the second half of 2021 across Dubai and Fujairah.
The handover portfolio includes the delivery of the final phase of the commercial cluster of the AED3-billion Mirdif Hills Project, comprising a mall, retail, offices and a hotel.
The company successfully handed over the residential cluster within the mixed-use community development in Mirdif 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 a 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.”
Providing a perfect blend of residential, commercial and hospitality segments, the two projects together will provide 240,000 sq ft of commercial space with 100 retail units in addition to over 280,000 sq ft of office spaces, 350 hotel rooms and more than 1,200 units of residential and serviced apartments.