Dubai Investments PJSC (DIC) has divulged plans to expand real estate projects worth $2.7 billion in the next five years.
One of the expansions covered under this project is the Mirdif Hills valued at a USD $680 million. The project will contain 1,500 homes, a 230-room hotel, shops and 200,000 square feet of office space.
The developer will commence tendering for the expansion in the next two months.
Currently, the structure on a business park in Fujairah which cost $217 million is underway and approximated to be finished around 2 and half years. The park will consist of a 220 room hotel, 200,000 square feet of office space, 150,000 square feet of retail space and apartments.
Additionally, Dubai Investments also intends on taking over numerous unfinished buildings within Dubai Investment Park area and finishing the delayed construction.