DIRC Unveils Easy Payment Plans for ‘Mirdif Hills’

Thursday, 12th January 2017

Dubai Investments Real Estate Company (DIRC) has set up plans to facilitate payments for buyers of units in its AED 3 bn development project ‘Mirdif Hills’, Trade Arabia reports.

The new plan entails a 10% down payment to be made on booking, followed by a 5% on signing the sale and purchase agreement within the consequent 30 days. Another 5% would be made within six months of the booking date, a third 5% within a year of booking, as well as a fourth 5% within 18 months of the booking date.

The new plan would require buyers to pay 30% during the construction phase and 70% during the handover in Q4 of 2018.

Mirdif is a mixed-use residential, commercial and retail development encompassing an area of 3.9 mn sq ft and featuring 1,054 apartments. The project will also include a four-star hotel with 116 rooms, 128 serviced apartments and a 230-bed hospital.

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