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DUBAI / WAM
Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market, has announced that its real estate projects worth over AED4.5 billion across the UAE are generating investor interest, amidst optimistic trends in the real estate sector in the country.
The company is currently developing the Mirdif Hills project in Mirdif through Dubai Investments Real Estate Company, DIRC; Green Community DIP – West Phase 3 in Dubai Investments Park through its subsidiary Properties Investment; and Fujairah Business Centre in Fujairah through Al Taif Investment, besides a number of other residential projects.
Dubai Investments currently has one of the largest land banks in the UAE, and plans to develop projects with over 20 million square feet Gross Floor Area, GFA, in the next two years. The land banks, owned by DI subsidiaries – DIP, DIRC and Properties Investment, includes nearly 15 million square feet GFA within DIP and at strategic locations across the UAE.
Projects, which are either in planning or finalisation stage, include a tower on Sheikh Zayed Road, residential buildings in Al Nahda, Al Barsha, Jumeirah Village Circle, Meydan and Abu Dhabi and a hotel in Bur Dubai, among others.