Dubai mortgage firm Amlak developing villa project in Mirdiff
Originally published in Gulf Business by Aarti Nagraj (link below)
The Dhs135m villa project marks the first time Amlak is developing a fully-owned property
Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday.
The Dhs135m villa project marks the first time Amlak is developing a fully-owned property.
The project consists of 18 land plots with 54 villas, spread across a total area of 136,224 square feet.
Each plot includes three high-end townhouse villas which have four to five bedrooms, private gardens and parking facilities. The project will provide residents access to retail outlets such as City Centre Mirdiff and Mirdiff 35, as well as Mushrif Park.
It is scheduled for completion by Q4 2017 with the handover spread across three phases: phase one will be handed over by August, phase two will be handed over by the end of September, and phase three by the end of November.
As part of the first phase, one mock-villa is completed and available for viewing by potential tenants, a statement said.
The development is part of a larger project in Mirdiff by master developer Meraas.