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Dubai Investments to showcase megaprojects at Cityscape Global 2018

Dubai Investments to showcase megaprojects at Cityscape Global 2018
Dubai Investments to showcase mega projects at Cityscape Global 2018
Dubai Investments
DIC
0.87% 2.31 0.02

Dubai – Mubasher: Dubai Investments on Tuesday announced its real estate projects it will showcase its portfolio at Cityscape Global 2018 starting 2 to 4 October at stand SAH10A in Trade Centre Arena at the Dubai World Trade Centre (DWTC).

The Dubai-based company will overview its recent mixed-use, residential, commercial, and retail development by DIRC, Mirdif Hills, according to a press release.

Spanning 1 million square feet of land and 4 million square feet of built-up area, Mirdif’s only freehold development has a four-star hotel managed by Millennium Hotels & Resorts.

The hotel features 116 rooms, 128 serviced apartments, retail units, a 230-bed hospital, and around 1,500 apartments comprising a mix of studio, one-, two-, and three-bedroom apartments and 3 & 4 duplexes, Dubai Investment said.

The leading diversified investment company listed on the Dubai Financial Market (DFM) noted that the project’s construction is on track as scheduled with 50% already completed.

The company also pointed out that interested buyers will benefit from a 50% fee reduction from Department of Land and Property in Dubai (DLD).

Moreover, Green Community DIP – West Phase 3, developed by Dubai Investments’ subsidiary Properties Investment in Dubai Investments Park, will be showcased at the exhibition.

The ready to move in project spreads across an area of 1.48 million square feet and comprises a total of 210 townhouses, 122 of which are four-bedroom and 88 are three-bedroom, the company added.

Green Community DIP will also feature 16 duplex apartments, retail units, recreational centres, swimming pools, a squash court, and landscaped areas.

The company’s units are being offered for purchase and leasing, with a free month offer for tenants renting units for a 12-month period and a 100% waiver off DLD fees once they buy any unit at Green Community West 3, DIP.

Moreover, the company’s visitors will be granted a 30% discount on furniture and accessories from Interiors LLC, a 30% discount on selected carpets from Iwan Maktabi at The Dubai Mall, and a 15% discount on Teka kitchen appliances at Al Garhood showroom.

Dubai Investments will showcase 11 projects for sale and leasing at Cityscape, including the Market Expansion located within Green Community in DIP, the AED 900-million mixed-use DI Tower with over 70 floors, slated for a 2020 completion date/

The remaining projects are Al Kawthar building in Sharjah, Al Nahda 1, Al Nahda 2, and Al Nahda 3 Towers, Ritaj - a residential community in Dubai Investments Park, Al Mozna building in Qusais, a tower in Meydan and another in Al Barsha First, Al Hamriya Hotel, and Violet Tower in JVC.

These projects will “boost Dubai Investments’ market presence in the real estate sector where the company’s assets in the sector constitute 67% of its total asset mix,” the DFM-listed firm said.

Furthermore, Dubai Investments noted it will also provide innovative solutions to the construction sector through its 18 subsidiaries working in the sector.