Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, today announced the start of construction on the third and fourth phase within its award-winning Midtown community. With soil testing completed and initial earthworks currently underway, contracts valued at AED370 million have been awarded to the primary contractor for the project, Gammon & Billimoria LLC.
Phase three, the Noor district, is now open for sale. Serious buyers can benefit from the Deyaar Flexi Program that requires an initial payment of only 10 per cent and offers multiple settlement plan options extending for up to 10 years. Once complete in Q4 2022, the Noor district will comprise seven buildings with studios, one-, two-, and three-bedroom apartments, a host of retail and F&B options, sports facilities and vast green spaces, among other amenities to serve the needs of the customers. Notably, phase three and four will add more than 32,000 square feet of retail space to the development.
Speaking on the announcement, Saeed Al Qatami, CEO of Deyaar said: “At Deyaar, we take our commitment to providing affordable, high-quality residential and mixed-use developments very seriously. To this end, we designed Midtown to not only provide residents with an ideal home but also to ensure that they could enjoy community living with all the basic amenities close to them. After the successful delivery of the first two phases, we believe this is the right time to start construction on the new districts. We have received excellent responses, and we look forward to completing yet another top-notch district under our flagship Midtown development as we continue to deliver value to Dubai’s residents and business sector.”
For his part, Khalid Ababneh, Vice President, Projects and Commercial at Deyaar, said: “Designed as an integrated community in Dubai Production City, Midtown boasts over 30,000 sq ft of retail space between the Dania and Afnan districts, and encompasses an anchor supermarket, nursery, restaurants, ladies’ and gents’ salons, and a pharmacy. The combination of retail tenants has been meticulously selected to provide Midtown and Dubai Production City residents with the most suitable retail mix, with eight outlets expected to be operational within the next few months. Residents also have access to amenities such as swimming pools, tennis and basketball courts, and walking tracks, providing a safe environment for recreation and interaction. Furthermore, the development has ample visitor parking as well as podium blocks and a number of relaxing green nooks.”
