DIRC starts work on new residential projects
Dubai, October 7, 2013
Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments has started work on its new residential and commercial projects in Dubai.
The new projects at strategic locations within Mirdif, Meydan and Jumeirah areas follow the success achieved by DIRC on its iconic Ritaj project, the modern residential complex located in Dubai Investments Park, said a top offical ahead of its participation at Cityscape Global expo which opens tomorrow at Dubai World Trade Centre.
“Over the last seven years, DIRC has witnessed robust growth – driven by our projects which offer unparalleled quality and value for money," remarked Obaid Al Salami, the general manager of DIRC.
The company has sold or leased most of the residential units within Ritaj, which comprises over 2,000 apartments in 11 blocks spread across 2,580,000 sq ft. Ritaj also offers unmatched lifestyle amenities, boasting of a community centre with 17 outlets as well as a 24x7 supermarket.
"The success of Ritaj is a reflection of the tremendous confidence and trust in our construction and delivery standards. As a step further in this direction, we are happy to announce details about our forthcoming projects at strategic locations within Dubai," he stated.
The new projects reinforces DIRC’s growing presence in the real estate sector, backed by its enviable portfolio of residential, commercial, warehousing and labour accommodation units.
“Our projects are coming up at Meydan – one of the world’s most exciting destinations; Mirdif – one of the most sought-after residential neighbourhoods; and Jumeirah Village – the idyllic development in Jumeirah. The projects stem from the fact that investor buoyancy is back in Dubai’s residential sector, which has maintained positive momentum amidst solid market fundamentals and steady economic growth,” said Al Salami.
DIRC has also diversified its presence in the hospitality through its subsidiary Al Mujama Real Estate and tapped into the sports & luxury health sector with its partnership with Al Qudra Sports Management, he added.-TradeArabia News Service