Within the Second half of this year H2 2021, Dubai Investments have reconfirmed out that their overall devotion for powering out the impetus real estate arena alongside the project-based offers valued at Dh3.5billion across Dubai as well as Fujairah.
The Vice-Chairman as well as CEO of Dubai Investments, Khalid bin Kalban, stated out that, with the Real Estate arena in contention of sustaining stability within the Q1 2021, it will be enduring to become a core vertical for the Dubai Investments.
Kalban also stated out that; “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.”
The statement also added that, “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 apartment.”
Within a statement, the firm also stated that their handover portfolio within the second half of 2021, comprises of offering out the concluding phase encompassing of the malls, retails, offices as well as the hotel within the business cluster of Dh3 billion Mirdif Hills Project- a mixed-use public development in Mirdif. Dubai Investments distributed over the domestic cluster within the project in 2020.
It also stated that, “Works are also progressing steadily to complete the Dh470 million flagship Al Taif Business Centre project in Fujairah – a mixed-use project comprising of the mall, office tower, residential tower, and the hotel.”
The firm also stated out that, the projects, counted towards setting a benchmark in the emirate’s planned urban development, 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.