Business | Property

Dubai Investments launches Dh2 billion self-contained community

Dubai Investments (DI) announced the launch of Mirdiff Hills, a Dh2 billion mixed-use development in Dubai, through its real estate arm Dubai Investments Real Estate Company (DIRC).

  • Staff Report
  • Published: 13:43 July 29, 2008
  • Gulf News

Dubai: Dubai Investments (DI) announced the launch of Mirdiff Hills, a Dh2 billion mixed-use development in Dubai, through its real estate arm Dubai Investments Real Estate Company (DIRC).

The latest in a string of mega projects launched by Dubai Investments, Mirdiff Hills is envisioned as a self-contained community comprising residential apartments, corporate offices and retail outlets.

The project, which will have a total built-up area of 2.7 million square feet, comes equipped with all modern amenities such as swimming pool, clubhouse, playschool, internet facility, coffee shop and children's play area, and offers 24-hour security.

Khalid Kalban, Managing Director and CEO of Dubai Investments, said, "DIRC intends to play a leading role in the regional property scene, and with the launch of Mirdiff Hills we take a significant step towards achieving our strategic objectives and consolidating our market presence. With several more prestigious projects in the pipeline, DIRC is set to further expand its portfolio and position itself at the forefront of real estate activity within the UAE."

In all, Mirdiff Hills will feature 680 well-appointed apartments, 380 offices and 129 retail outlets.

Located in the city's Mirdiff area, prominent Dubai-based architects Al Shurooq Engineering Consultants designed the project, while construction leader Al Arif Contracting Company has been appointed the lead contractor. Mirdiff Hills is scheduled for completion in early 2010.

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