Business & Money | Wednesday 4 April, 2018 5:03 am |

Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has announced that its wholly-owned real estate subsidiary Dubai Investments Real Estate Company [DIRC] has been conferred the prestigious Recognition Award at the Global Infrastructure Congress 2018.

 

The award, handed over to DIRC in the Housing and Urban Development Category, recognized the company’s contribution and projects that have set new best practices for the industry. Obaid Mohammed Al Salami, General Manager of DIRC, received the award from Eng. Hassan Al Mansoori, Under Secretary of UAE Ministry of Infrastructure Development, during the Congress, held at Grand Hyatt Dubai. Over 20 awards across four different categories were handed over during the ceremony.

                            

In his comments, Al Salami said: “It is a great honour for Dubai Investments Real Estate Company to win the Recognition Award at the Global Infrastructure Congress. Under the direction and supervision of Dubai Investments, DIRC has carved a niche with real estate projects that provide unparalleled quality and value-for-money. This award is a testimony to DIRC’s commitment to design projects in line with customers’ needs and market demands. The company’s projects are strategically located and add immense value to the urban development of the UAE.”

 

DIRC also showcased the company’s real estate projects as part of a presentation during one of the seminars at the Congress. Since its inception in 2006, DIRC has created real estate projects that are unique in their own ways, adding value to the communities they serve, combining contemporary design sensibilities, unparalleled service and long-term potential to its customers at affordable prices.

 

One of the key projects currently being developed by DIRC is Mirdif Hills, a mixed-use residential, commercial, hotel and retail development spread across a built-up area of 4 million square feet in Mirdif. The only freehold project in Mirdif now, Mirdif Hills comprises 1,500 apartments – a mix of studio, one, two, three, four bedroom flats and duplex units, a four star hotel, a 230-bed hospital and retail units.

 

DIRC had earlier developed RITAJ – a residential community in Dubai Investments Park [DIP], besides a number of residential buildings in Dubai, Sharjah and Abu Dhabi.  DIRC also boasts of land banks spread across over 22,000 square metres in strategic areas around the UAE. The company has also carved a niche in the staff accommodation domain and warehouses.