Dubai: Amlak completes its first property development in Mirdiff
Real estate financier, Amlak Finance, has completed its new residential development project in Mirdiff.
This marks the first time where Amlak has developed the fully-owned property. The project consists of 54 villas and was handed over in December 2017. With the completion of the Mirdiff project, these villas are now ready for viewing by potential tenants.
Commenting on the announcement, Arif Alharmi, managing director and CEO of Amlak Finance, said: “We are pleased to announce the completion of the Amlak’s first fully owned residential development project in Mirdiff. This project is a testament towards our forward-thinking approach and further strengthens our leadership position in the market. Through such developments, we hope to continue to enhance the value of the UAE’s real estate market in addition to fulfilling our commitments to our financiers and shareholders.”
The AED138mn development includes 18 land plots, with a total built-up area of 16,730sqm. Each plot consists of three high-end townhouse villas, which have four- to five-bedrooms, private gardens, and parking facilities.
The project is centrally located in Mirdiff and provides residents with easy access to retail hubs.