63,000 Sq. Ft of freehold office spaces, more than 37 open retail spaces
Dubai Investments, the leading diversified Investment company listed on the Dubai Financial Market, announced that the construction of the commercial spaces and the residential buildings within the Al Multaqa Avenue, Mirdif Hills — marked as the upcoming commercial hub in the Mirdif area — is 95% complete and ready for handover in February 2021.
Mirdif Hills, which is developed by Dubai Investments Real Estate, is the first freehold, mixed-use, gated community in Mirdif, spanning 1 million square feet. The Al Multaqa Avenue is among the three avenues within the development.
Designed and conceptualised as the commercial hub within the Mirdif Hills project, the first freehold office spaces, open retail spaces, and the residential buildings within the avenue are progressing steadily, with final touches on the fitouts currently ongoing.
“The focus of the commercial aspects within mixed-used developments has shifted and expanded to include authentic experiences, creating a new way of life. The opening of the Al Multaqa Avenue will facilitate this new experience and enable easy access to the commercial aspects within a widespread, mixed-used community development. Retail is an important aspect within this commercial space, and we will be announcing key tie-ups in due time,” said Obaid Al Salami, General Manager, Dubai Investments Real Estate.
The commercial offerings within Al Multaqa Avenue are designed to offer convenient experiences for residents, shoppers and businesspeople. More than 37 open retail spaces conveniently spread within both residential and commercial properties will launch at the avenue, designed to provide shoppers a one-stop destination for all their needs. The exclusive collection of retail shops combined with fine-dining outlets and cafes, make Al Multaqa a unique destination.
The residential buildings within the Al Multaqa Avenue are designed to accommodate more than 279 residential units in a mix of studio and one-bedroom apartments.
The 63,000 sq.ft of freehold office spaces, marking another first in Mirdif, are located within the Al Multaqa Avenue and are designed to cater to the needs of the business community that are seeking ideal office spaces set within a mixed-used development.
Scheduled for opening in April 2021, new store set to serve Mirdif Hills residents and visitors across
Dubai Investments has signed a contract with Carrefour, owned and operated by Majid Al Futtaim in the UAE, to open a new store in Mirdif Hills – the first freehold, mixed-use gated community at Mirdif. The new outlet will be nestled within Mirdif Avenue – the commercial cluster within Mirdif Hills.
Present at the signing ceremony were Obaid Salami, General Manager, Dubai Investment Real Estate (DIR), Philippe Peguilhan, Country Manager of Carrefour UAE at Majid Al Futtaim Retail and Ahmed Al Zarouni, Head of Business Development at Majid Al Futtaim Retail . The facility is scheduled to open its doors in April 2021 and will serve residents living in Mirdif Hills and the visitors from the surrounding areas closer to Mirdif Hills.
Obaid Salami, General Manager, Dubai Investment Real Estate (DIR) said, “We conceptualised and designed Mirdif Hills to offer residents with amenities and facilities truly exemplifying a mixed-used community lifestyle. Our alliance with Majid Al Futtaim Retail to open a new Carrefour store is synonymous with making retail an essential part of a walkable urban development. With 1500 residential units within the community and with the Janayen residential cluster housing residents, Mirdif Hills will attract footfall from the surrounding areas, further expanding Carrefour’s customer database.”
From the region, for the region, Carrefour aims to provide the residents and visitors of Mirdif Hills with a variety of fresh and organic produce as well as everyday essential household goods at competitive prices through the 11,582 Sq.ft facility. Mirdif Hills is strategically located adjacent to Mushrif Park with proximity to Dubai International Airport and leading business districts.
Philippe Peguilhan, Country Manager of Carrefour UAE at Majid Al Futtaim Retail said, “As our new Mirdif Hills location shows, we are fully committed to supporting the growth and prosperity of the communities we are a part of ourselves, being the trusted local partner.
“The new store will boost the local economy by creating more employment opportunities — helping to realise the considerable potential of people in and from the local community. We look forward to welcoming customers to our new store and playing our part in the growth and development of the region.”
Mirdif Avenue’s other’s commercial offerings will include a 4-star hotel, serviced apartments, residential units, retail spaces and freehold office spaces.
Dubai Investments Real Estate Company (DIRC) achieves the remarkable feat of completing the project as scheduled offering distinctive advantages in line with bolstering market demand
Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that the construction of the steadily progressing Mirdif Hills project, in Mirdif, being developed by the subsidiary Dubai Investments Real Estate Company [DIRC] will commence handover in July 2019 as scheduled.
With the phase 1 of the Mirdif Hills project now ready for handover, Janayen is 98% completed with now ready for handover while the overall progress on the clusters Multaqa, Nasayem are at 55%, 96% respectively.
The sales of Mirdif Hills, launched in December 2017, received phenomenal response from investors and end users, reiterating a great endorsement of not only the project features but also of Dubai Investments and DIRC’s efficiency track record.
With Mirdif Hills marking an iconic project by Dubai Investments and DIRC, setting new benchmarks in freehold mixed-use developments in Dubai, impressive financing options have been provided to enable an ideal financing option for property investments. The exclusive mortgage plan currently on offer includes financing upto 80% and possession of the flat with 20% down payment with the latter to be repaid in easy installments with attractive financing facilities.
Strategically overlooking Dubai’s Mushrif Park with close proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with lifestyle attractions including a four-star hotel by Millennium Hotels & Resorts with 116 rooms & 134 serviced apartments, retail units, a 230-bed hospital and around 1,500 apartments – a mix of studio, one, two, three-bedroom apartments and duplexes.
Inspired by French architect, ‘Le Corbusier’ and based on his ‘Immeuble Villa’ vision of many villas in a single vertical building. With its central location, only 10 minutes from Dubai International Airport and its superb connectivity to all the business districts and leisure attractions in the city, Mirdif Hills has recorded strong investor response from UAE-based and international investors.
While expressing his gratitude to all those who have been involved with the Mirdif Hills project since inception, Obaid Mohammed Al Salami, General Manager at Dubai Investments Real Estate Company, said: “It is gratifying to see the efforts finally ready to yield results. As per the recent updates by Dubai Land Department (DLD), there is a healthy demand from buyers and investors who are benefitting from legislation and investment incentives recently announced by the Dubai government to make the emirate a preferred investment destination. In line with this growing demand, the Mirdif Hills project is designed to offer the investors an ideal investment option and has led to the development of projects targeted at expatriate investors and end users.
With Janayen Avenue located around a gated garden with wide walkways, and other lifestyle attractions, which comprises a mix of residential units of one, two, three bedroom apartments and three and four bedroom duplexes, the Nasayem Avenue is situated at the centre of the masterplan, and is surrounded by a gated community garden and a mix of residential buildings ranging from two and three bedroom apartments to three and four bedroom duplexes.
Likewise, made up of seven blocks, Al Multaqa Avenue sits at the centre of the Mirdif Hills masterplan. Its 279 homes are distributed across three buildings, and span the studio, one-, and two-bedroom layouts. A 116-key Millennium Hotel with 134 serviced apartments, restaurants, and retail space is also being developed.
Aesthetically, the entire development has been designed as a place where residents can enjoy a vibrant social community with gardens, promenades, walkways and raised landscapes, including a number of leisure and entertainment facilities.
Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, is ready to go to market with Al Multaqa Avenue, a residential cluster and the newest phase of Mirdif Hills, a prestigious mixed-use project developed by its subsidiary Dubai Investments Real Estate Company.
Comprising seven distinct blocks, Al Multaqa Avenue is a development that sits at the heart of the Mirdif Hills master plan and contains 279 residential units within three buildings, in a mixture of studio, one and two-bed apartments. Al Multaqa Avenue also features a 116-key Millennium Hotel with 134
serviced apartments, restaurants, cafes and retail space.
With its strategic location just 10 minutes from Dubai International Airport and with good connections
to all the city and the business districts, Mirdif Hills will be one the most accessible and sought-after residential areas in the heart of Dubai, making it popular with buyers and international investors.
Obaid Mohammed Al Salami, General Manager at Dubai Investments Real Estate Company, said: “We are proud to launch sales at Al Multaqa Avenue and the mix of predominantly studio and one-bed offerings, in the only freehold community in Mirdif now, offers something unique to buyers.
“Al Multaqa Avenue is an affordable and attractive proposition for individuals and small families as well as investors, and it offers residents an active and fulfilling lifestyle in a location which mixes the urban, with its cutting-edge modern design and lifestyle amenities, and the natural thanks to its strategic location adjacent to Mushrif Park.”
Mirdif Hills is a mixed-use residential, commercial, and retail development spread across one million
square feet, strategically located adjacent to Mushrif Park with total built-up area of four million square feet. The development offers a total of 1500 apartments overall in a mix of studio, one, two and three bedroom apartments and duplex units. The first phase of Mirdif Hills is 93.5% complete with Janayen Avenue 95% and Nasayem Avenue 92% complete.
The Mirdif Hills project was inspired by French architect, ‘Le Corbusier’, based on his ‘Immeuble Villa’ vision of many villas in a single vertical building. Aesthetically, the entire development has been designed as a place where residents can enjoy a vibrant social community with gardens, promenades,
walkways and raised landscapes, including a number of leisure and entertainment facilities.
Mirdif Hills Construction 54% completed
Dubai, March 10, 2019: Construction work on the three residential clusters at Mirdif Hills is progressing as scheduled. Janayen Avenue is 82% complete, Nasayem Avenue 73% and Multaqa Avenue 22%. Overall progress on the clusters is now 54% complete.
Dubai Investments Real Estate Company wins ISO certification
Dubai, June 2, 2018: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that its wholly-owned real estate subsidiary Dubai Investments Real Estate Company [DIRC] has won the prestigious ISO 9001:2015 certification for its quality management system.
The ISO certification, received from the Russian Register and IQ Net international certification network, is in recognition of DIRC’s quality management and organizational excellence in real estate development, purchase and sale of real estate, leasing & management of self-owned property and property guard services.
Obaid Mohammed Al Salami, General Manager of DIRC, said: “The ISO 9001 certification for DIRC is a major endorsement of the company’s processes and systems in line with the international standards in the real estate sector. The certification recognizes and validates DIRC’s achievements as well as its commitment to provide quality services and excellence across its entire operations.”
He added: “Under the direction of Dubai Investments, DIRC has carved a niche with its real estate projects that provide unparalleled quality and value-for-money. This certification is a testimony to DIRC’s commitment to develop projects in line with customers’ needs and market demands, which contribute to the urban growth of the UAE.”
Since its inception in 2006, DIRC has established real estate landmarks, each of which is unique in their own way. One of the key projects currently being developed by DIRC is Mirdif Hills, a mixed-use residential, commercial, hotel and retail development spread across a built-up area of 4 million square feet in Mirdif.
The only freehold community in Mirdif now, Mirdif Hills comprises of around 1,500 apartments – a mix of studio, one, two, three bedroom apartments, three and four bedroom duplexes, the Millennium hotel, NMC Hospital and a retail therapy shopping mall.
Mirdif Hills construction 30% completed; launches sales in Nasayem Avenue
Dubai, February 6, 2018: Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that the construction of the AED 3 billion Mirdif Hills project, being developed by its subsidiary Dubai Investments Real Estate Company [DIRC], is 30% complete.
Structural work on the project’s clusters – Janayen Avenue, Nasayem Avenue and Multaqa Avenue – is progressing as per schedule. Construction of Janayen Avenue is 31% complete including the fourth floor slabs, while Nasayem Avenue is 34% completed with fourth floor slabs. The Mechanical, Electrical and Plumbing works have also commenced. Multaqa Avenue is in preliminary stages of construction.
Mirdif Hills is the only freehold in Mirdif now. A luxury community like no other, the project is expected to be fully completed starting from Q2 2019.
Dubai Investments has also launched the sales in Nasayem Avenue. The cluster offers a mix of two & three bedroom apartments as well as three & four bedroom duplexes.
Obaid Mohammed Al Salami, General Manager of DIRC, said: “The construction of Mirdif Hills is progressing on schedule. DIRC is confident of delivering the project on time while meeting the highest quality standards. A unique, well-equipped development in a strategic location, Mirdif Hills offers distinctive advantages in line with the needs and demands of the market.”
He added: “The Nasayem Avenue offers a unique mix of affordable residential and commercial units that are modernly designed to meet investors’ expectations. The overall response for the project has been very encouraging and the company anticipates similar demand for units in Nasayem Avenue.”
Mirdif Hills offers flexible payment plans at special price points. The payment plan includes 30% payment during the construction phase spread over 18-months’ period and the balance 70% payment on handover, making the process seamless and easier for buyers. Two bedroom units start from AED 1.2 million.
Strategically overlooking Dubai’s Mushrif Park with close proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with lifestyle attractions including a four-star hotel by Millennium Hotels & Resorts with 116 rooms & 128 serviced apartments, retail units, a 230-bed hospital and around 1,500 apartments – a mix of studio, one, two, three-bedroom apartments and duplexes.
DIRC showcases Mirdif Hills at Cityscape Global 2017; announces sale of units in Nasayem, Janayen Avenues
Dubai, September 11, 2017: Dubai Investments Real Estate Company [DIRC], a subsidiary of Dubai Investments PJSC [DFM: DIC], is showcasing the AED 3 billion Mirdif Hills project – the only freehold in Mirdif now, at Cityscape Global 2017 with plans to launch sale of units in the project’s second cluster – Nasayem Avenue, in addition to the sale of units in Janayen Avenue, the first cluster.
Surrounded by linear gardens, Nasayem Avenue – situated at the centre of the project – offers a mix of two & three bedroom apartments up to three and four bedroom duplexes with a contemporary look. The Janayen Avenue comprises a mix of residential units of one, two, three bedroom apartments and three and four bedroom duplexes.
Construction of Mirdif Hills, being developed across three clusters – Janayen, Nasayem and Al Multaqa Avenues, is expected to be completed starting Q4 of 2018. A mixed-use residential, commercial and retail development, Mirdif Hills is equipped with 1,500 apartments – a mix of studio, one, two, three-bedroom apartments and duplexes, a four-star hotel with 116 rooms & 128 serviced apartments, retail units and a 230-bed hospital.
In addition to Mirdif Hills, spread across 3.9 million square feet, DIRC is currently developing six residential and commercial projects across the UAE with a total built-up area of over 1.6 million square feet.
Obaid Mohammed Al Salami, General Manager of DIRC, said: “With the surging investor interest, DIRC is launching the sales of the second cluster of Mirdif Hills – Nasayem Avenue in addition to Janayen Avenue at Cityscape. There is a lot of interest among end users – particularly for the one-, two- and three-bedroom apartments as well as duplexes. With its strategic advantages of location and amenities, Mirdif Hills is an exceptional project catering to the needs and demands of the market.”
He added: “DIRC also has on offer flexible payment plans and a special price of AED 950 per square feet for Mirdif Hills. The payment plan includes 30% payment during the construction phase, and the balance 70% payment on handover, making the process easier for buyers. Backed by the reputation and market leadership of Dubai Investments, DIRC is developing a number of residential and commercial projects in the UAE.”
The other projects include Violet Tower in Jumeirah Village Circle [total built-up area 484,300 square feet, with 29 Floors and over 260 units, estimated completion by Q3 of 2019]; Barsha Tower in Barsha [total built-up area 418,000 square feet with 14 Floors, over 270 units, estimated completion by Q2 2019]; Nahda I building in Al Nahda [total built-up area 200,000 square feet with 14 Floors, over 140 units, estimated completion by Q1 2018]; Nahda II building in Al Nahda [total built-up area 109,000 square feet with 12 Floors, 72 units, estimated completion by Q1 2019]; Four-star hotel in Bur Dubai [total built-up area 175,000 square feet with 132 keys, estimated completion by mid-2019] and Desert Tower hotel apartment in Abu Dhabi [total built-up area 250,000 square feet with 20 Floors, 166 keys].
Over the last 11 years, DIRC has launched a number of high quality, value-for-money projects across the UAE. The new projects reinforce DIRC’s growing eminence in the regional real estate sector, backed by its portfolio of community residences, commercial and warehouses as well as staff accommodation units.
Dubai Investments Real Estate Company to launch second cluster of Mirdif Hills soon
Abu Dhabi, April 18, 2017: Dubai Investments Real Estate Company [DIRC], the real estate arm of Dubai Investments PJSC [DFM: DIC], has announced that the second cluster of the ‘Mirdif Hills’ project – Nasayem Avenue, which is situated at the centre of the project masterplan, will be launched for sales soon.
Nasayem Avenue is surrounded by a gated community garden and a mix of residential buildings ranging from two and three bedroom apartments to three and four bedroom duplexes. Being constructed in two phases across three clusters – Janayen, Nasayem and Al Multaqa Avenue, the construction of Mirdif Hills is progressing as per schedule and the project is expected to be completed starting Q4 of 2018.
The excavation and shoring works for Janayen and Nasayem Avenue have been completed and foundation work is in progress while piling works for Al Multaqa Avenue have been completed.
The AED 3 billion Mirdif Hills, the only freehold in Mirdif now, is a mixed-use residential, commercial and retail development spread across 3.9 million square feet and equipped with 1,054 apartments – a mix of studio, one, two, three-bedroom apartments and duplex units, a four-star hotel with 116 rooms & 128 serviced apartments and a hospital with approximately 230 beds.
The Mirdif Hills project is being showcased at the Cityscape Abu Dhabi exhibition, which continues till April 20 at the Abu Dhabi National Exhibition Centre [ADNEC]. A model of the development is also on show at the exhibition [stand 7F20].
Obaid Mohammed Al Salami, General Manager of DIRC, said: “The demand for Mirdif Hills has been very encouraging – with end users showing a lot of interest in the project, particularly for the one-, two- and three-bedroom apartments as well as duplexes. The Nasayem Avenue offers a unique mix of residential buildings and is set to generate investor interest. With its strategic advantages of location and amenities, Mirdif Hills is an exceptional project catering to the needs and demands of the market.”
DIRC has on offer flexible payment plans for investors in Mirdif Hills. The payment plan includes 30% payment during the construction phase, and the balance 70% payment on handover, making the process easier for buyers with extended payment terms. As per the plan, a 10 percent down payment is to be made on booking, followed by 5% payment on signing the sale and purchase agreement within the next 60 days, 5% within six months of the booking date, 5% within a year of booking, and 5% within 18 months of the booking date. The balance 70% payment can be made on handover.
Strategically located adjacent Mushrif Park in Dubai with close proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with all lifestyle attractions in a 24-hour secured gated environment. It also a wide array of commercial options, retail outlets, hospital, community recreation and landscaped gardens.
Another unique aspect of the project are the Vertical Villas, an architectural concept gaining international popularity, within the Janayen Avenue. Inspired by French architect Le Corbusier, the Vertical Villas series comprises many villas, built in one single building and rising up vertically giving it a sustainable and green look.
Ends
About Dubai Investments Real Estate Company
Dubai Investments Real Estate Company, the real estate arm of Dubai Investments PJSC, was established in 2006 to offer a diverse range of high-quality projects across a range of real estate sectors. The company is involved in developing real estate for residential and commercial purposes as well as warehouses and labour accommodation.
Emicool to provide district cooling at ‘Mirdif Hills’ project by DIRC
Company to deliver 15,000 Tonnes of Refrigeration at the project
Dubai, March 15, 2017: Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a joint venture of Dubai Investments PJSC and Union Properties, will provide district cooling services at the Mirdif Hills project, being developed by Dubai Investments Real Estate Company [DIRC] – a wholly-owned subsidiary of Dubai Investments.
Emicool will deliver 15,000 Tonnes of Refrigeration [TR] chilled water from its utility complex at the Mirdif Hills site through pipes, valve chambers and heat exchange stations.
The system, equipped to cater to over 2,400 customers in the implementation stage, will increase Emicool’s refrigerating tonnes per hour [RTH] production capabilities by 10%. The contract covers chilled water system for all residential buildings, hotel, furnished apartments and hospital within the AED 3 billion Mirdif Hills project– the only freehold development in Mirdif now.
Adib Moubadder, CEO of Emicool, said: “As the demand for district cooling services across the UAE and region continues to grow, Emicool is privileged to be associated with the Mirdif Hills project by Dubai Investments Real Estate Company. Emicool has increased its overall productive capacity by 13% in 2016 alone; and the Mirdif Hills project will provide a major push to the company’s planned capacity expansion to over 500,000 TR by 2020 amidst rampant construction and pent-up demand for district cooling services.”
Obaid Mohammed Al Salami, General Manager of DIRC, said: “Dubai Investments Real Estate Company’s partnership with Emicool for district cooling services is a perfect fit for Mirdif Hills. The project is not only setting benchmarks with its quality standards, but is also committed to offer unmatched facilities and amenities to its users. The district cooling systems will lead to both economic and environmental benefits to the ‘Mirdif Hills’ residents and tenants.”
Mirdif Hills is a mixed-use residential, commercial and retail development spread across 3.9 million square feet and equipped with 1,054 apartments – a mix of studio, one, two, three-bedroom apartments and duplex units, a four-star hotel with 116 rooms & 128 serviced apartments and a 230-bed hospital. Being constructed in two phases, Mirdif Hills is expected to be completed starting Q4 of 2018.