Construction News
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Deyaar's prime Midtown residential projects on track

23-09-2018

Deyaar Development, one of Dubai’s leading real estate service providers, said progress was being made on the Afnan and Dania districts within its Midtown development in Dubai with nearly 50 per cent construction work already competed.

Following the handover of two flagship residential projects within its portfolio earlier this year, Deyaar said the construction of both districts have reached the halfway point, with units’ sale exceeding 87 per cent mark.

A family-friendly community with a built-up area of 5.5 million sq/ft, Midtown comprises 27 buildings across six districts, that will share a single-level podium covering retail, parking and essential services.

Situated in Dubai Production City, Midtown offers easy access to many local amenities, and provides excellent transport links to Dubai International Airport, Dubai Mall, Mall of the Emirates, and Al Maktoum International Airport, as well as the Dubai Expo 2020 site.

The Emirati developer said work on its other project - the Deyaar Millennium Hotel and Serviced Apartments was expected to wrap up by the end of 2018. Located close to Mall of the Emirates in Al Barsha, the property aims to tap into the increasing demand for hotel and serviced apartment accommodation in the area.

Deyaar Millennium has a total built up area of more than 450,000 sq/ft. The hotel will have 408 units, including 299 hotel rooms, of which 15 will be suites, in addition to 109 serviced apartments - a mix of 93 one- and 16 two-bed apartments.

In March, Deyaar handed over the residential towers of the Mont Rose development, a project located in Dubai Science Park. Mont Rose comprises three towers – one with hotel apartments, and two residential.

Both residential towers feature 146 one-, 144 two- and seven three-bedroom apartments. The hotel apartment tower has been designed to offer 126 studios, as well as 72 one-bedroom apartments.

Since July, the handover of Deyaar’s iconic residential tower, The Atria, has been ongoing,. said the Dubai devleoper in its statement.

The Atria is a luxury mixed-use twin tower complex over 1.4 million sq/ft that marks Deyaar’s foray into the hospitality sector. The residential tower comprises 219 units over 30 floors, including one to three-bedroom apartments, three-bedroom duplexes and four-bedroom penthouse.

The hotel apartment tower comprises 347 bespoke apartments, including studios, one-, two- and three-bedroom apartments, and three-bedroom duplex units, with construction now complete.

Speaking on the company’s progress, CEO Saeed Al Qatami said: "From the very start, Deyaar has been committed to developing properties to the very highest standards of quality."

"We have demonstrated that this year with two of our flagship residential projects, the Mont Rose was delivered to the owners earlier this year, and we have recently initiated the handover process for The Atria. Deyaar will continue to develop and deliver properties inline with the UAE’s wide-ranging community needs and preferences," he added.-TradeArabia News Service




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