Dubai Investments Real Estate Company (DIRC), the real estate arm of Dubai Investments, has announced easy and flexible payment plans for property purchases in its Mirdif Hills project.
The payment plan includes 30 percent payment during the construction phase of the project, and the remaining 70 percent payment on handover in the fourth quarter of 2018, making the process easier for buyers with extended payment terms.
As per the plan, a 10 percent down payment is to be made on booking, followed by 5 percent payment on signing the sale and purchase agreement within the next 30 days, 5 percent within six months of the booking date, 5 percent within a year of booking, and 5 percent within 18 months of the booking date.
The remaining 70 percent payment can be made on handover.
Obaid Mohammed Al-Salami, general manager of DIRC, said: “The payment plan for Mirdif Hills is aimed at offering customers added flexibility and a result of feedback from prospective buyers for ease in payment terms.
The demand for Mirdif Hills has been very encouraging and the flexible payment plans are expected to make the buying process even more seamless.”
The AED3 billion Mirdif Hills, the only freehold project in Mirdif now, is a mixed-use residential, commercial and retail development spread across 3.9 million square feet featuring 1,054 apartments — a mix of studio, one, two, and three-bedroom apartments and duplex units, a four-star hotel with 116 rooms and 128 serviced apartments and a 230-bed hospital.
The Mirdif Hills is being constructed in two phases and is expected to be completed by the fourth quarter of 2018.

Source: Arab News