Dubai Investments announced its readiness to deliver various real estate projects and units worth AED 3.5 billion during the second half of 2021.
The properties to be handed over by the company include a shopping center, retail stores, offices and two hotels in the emirates of Dubai and Fujairah, according to a press release.
These real estate units include the final phase within the commercial spaces of the “Mirdif Hills” project, a mixed-use development in Mirdif worth AED 3 billion, whose residential units the company had delivered in 2020.
The company explained that work is underway to complete the construction of the Spectrum Business Center in Fujairah, a multi-use project worth AED 470 million consisting of a shopping center, an office tower, a residential tower and a hotel.
The Mirdif Hills and Spectrum Business Centre projects offer a mix of residential, commercial and hotel categories, together providing 100 retail units with areas exceeding 240,000 square meters.
In addition to office units with areas exceeding 280,000 square meters, more than 350 hotel rooms and more than 1,200 residential units and apartments.
Dubai Investments' financial results turned profitable during the fourth quarter of 2019, compared to the same period in 2018.
The company’s profits during the last quarter of last year amounted to approximately 198.8 million dirhams, with a loss of 72.9 million dirhams in the fourth quarter of 2018.
“Dubai Investments to deliver AED 3.5 billion worth of real estate units in the second half
