Dubai Investments expands Mirdif Hills project with $109mln investment

The project is set to begin construction in the second quarter of 2025, with completion scheduled for Q2-27

Dubai Investments Unveils Asayel Avenue as Part of Mirdif Hills Development

Dubai Investments has announced the launch of Asayel Avenue, a new residential cluster within the expansive Mirdif Hills community. The project represents a significant investment of AED 400 million, according to an official press release.

The initiative, spearheaded by Dubai Investment Real Estate (DIR), is scheduled to break ground in the second quarter of 2025, with completion expected by Q2 2027.

Asayel Avenue will introduce 193 meticulously designed residential units, offering an array of 1, 2, and 3-bedroom apartments, tailored to meet the diverse needs of modern residents.

Obaid Salami, General Manager of Dubai Investment Real Estate, remarked, “Aligned with the vision of Mirdif Hills, this new addition focuses on harmonising green living and balanced lifestyles, addressing the increasing demand for high-quality residential properties in Dubai.”

The development will incorporate cutting-edge smart living technologies, including advanced security features and modern, tech-enabled conveniences, creating a sophisticated and seamless urban living experience for its residents.

As of 30 September 2024, Dubai Investments reported an impressive net profit of AED 637.06 million, underscoring the company’s robust financial performance.

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