Dubai Investments (DI) broke ground on its Mirdif Hills project, which has a total investment cost of AED 3 bn, according to Trade Arabia.
Set to be built over 3.9 mn square feet, Mirdif Hills is a mixed-use freehold project, set to be completed by the final quarter of 2018. The project is being developed by DI subsidiary, Dubai Investment Real Estate Company (DIRC).
The project is set to include 1,054 apartments, a four-star hotel, and a 230-bed hospital.
Managing Director and CEO of Dubai Investments Khalid Bin Kalban said, “The sales of Mirdif Hills, launched in December, received phenomenal response from investors and end users, which is a great endorsement of not only the project features but also of Dubai Investments and DIRC’s track record.”