Dubai Investments Real Estate Company to launch second cluster of Mirdif Hills soon

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.