Dubai Investments Real Estate Company launches ‘Ritaj’ – its first residential project
Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments PJSC, has announced the launch of its first residential project – ‘Ritaj’ - at Dubai Investments Park.
A unique residential development designed to epitomize the concept of affordable luxury, ‘Ritaj’ provides a range of more than 2,200 housing units, including studios, one, two and three bedroom apartments that offer world-class facilities. Residents at the project will enjoy fully serviced accommodation, which includes 24-hour security, maintenance and cleaning.
“Dubai Investments is focused on diversifying its investments and is constantly exploring new business opportunities and revenue streams,” said Khalid Kalban, Managing Director and Chief Executive Officer, Dubai Investments. “DIRC was launched to further our aim of contributing to the growth and development of the UAE by meeting the demand for high-quality but affordable residential and commercial projects. DIRC complements Dubai Investments’ diversification strategy and will soon launch a variety of real estate projects which will include residential and commercial buildings, staff accommodation facilities, warehouses and a unique country club.”
Obaid Al Salami, General Manager, Dubai Investments Real Estate Company, said, “‘Ritaj’ will feature a fully equipped community centre with restaurants, cafes, shops, supermarket, clinic, pharmacy and mosque. Complementing these amenities will be a host of entertainment and recreational facilities including swimming pools and landscaped gardens, exemplifying DIRC’s vision for the project as a self-contained community.”
““Ritaj” is a one-of-its-kind project designed to bring quality residential space within the reach of a cross-section of people. It is effectively a self-contained community, where residents will have easy access to all essential services and can also benefit from an array of recreational facilities and other amenities. ‘Ritaj’ will be the first of several landmark residential projects to come out of the DIRC stable,” he added.
Sales for the Ritaj project start today (Sunday, October 29, 2006) at the DIRC sales office located in Dubai Investments Park. DIRC has partnered with Emirates Islamic Bank to provide a range of attractive financial options to investors.
- Over 70 per cent of phase 1 of DIRC’s ‘Ritaj’ project sold out within a week of its launch AED 2 billion worth of commercial projects to be launched
- DIRC awards construction of ‘Ritaj’ to Robust Contracting
- DIRC completes handover of ‘Ritaj’ Phase 1
- Dubai Investments launches AED 2 billion Mirdiff Hills project
- Dubai Investments Park attracts AED 20 billion in residential investments