Dubai Investments, the leading diversified Investment company listed on the Dubai Financial Market, announced that the construction of the commercial spaces and the residential buildings within the Al Multaqa Avenue, Mirdif Hills — marked as the upcoming commercial hub in the Mirdif area — is 95% complete and ready for handover in February 2021.
Mirdif Hills, which is developed by Dubai Investments Real Estate, is the first freehold, mixed-use, gated community in Mirdif, spanning 1 million square feet. The Al Multaqa Avenue is among the three avenues within the development.
Designed and conceptualised as the commercial hub within the Mirdif Hills project, the first freehold office spaces, open retail spaces, and the residential buildings within the avenue are progressing steadily, with final touches on the fitouts currently ongoing.
“The focus of the commercial aspects within mixed-used developments has shifted and expanded to include authentic experiences, creating a new way of life. The opening of the Al Multaqa Avenue will facilitate this new experience and enable easy access to the commercial aspects within a widespread, mixed-used community development. Retail is an important aspect within this commercial space, and we will be announcing key tie-ups in due time,” said Obaid Al Salami, General Manager, Dubai Investments Real Estate.
The commercial offerings within Al Multaqa Avenue are designed to offer convenient experiences for residents, shoppers and businesspeople. More than 37 open retail spaces conveniently spread within both residential and commercial properties will launch at the avenue, designed to provide shoppers a one-stop destination for all their needs. The exclusive collection of retail shops combined with fine-dining outlets and cafes, make Al Multaqa a unique destination.
The residential buildings within the Al Multaqa Avenue are designed to accommodate more than 279 residential units in a mix of studio and one-bedroom apartments.
The 63,000 sq.ft of freehold office spaces, marking another first in Mirdif, are located within the Al Multaqa Avenue and are designed to cater to the needs of the business community that are seeking ideal office spaces set within a mixed-used development.
About Dubai Investments
Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 16,530 shareholders and a paid-up capital of AED 4.25 billion. Incorporated in 1995, the Company has grown exponentially, and its diversified portfolio currently holds 35 subsidiaries. Since its inception, Dubai Investments has introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts, driving progress across key sectors and markets including construction and building materials, real estate, manufacturing and industrial, healthcare, education and financial investments across the UAE and the Middle East.
About Mirdif Hills
Mirdif Hills, the only freehold in Mirdif now, is a mixed-use residential, commercial and retail development by Dubai Investments Real Estate Company, a subsidiary of Dubai Investments PJSC. Overlooking Mushrif Park, Mirdif Hills is spread across 3.9 million square feet equipped with 1,500 apartments – a mix of studio, 1, 2, 3 bedroom apartments in addition to three & four bedroom duplex units, a four-star hotel with 116 keys & 128 serviced apartments besides a hospital with 230 beds. Situated in proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with all lifestyle attractions.