Amlak Finance on Tuesday announced the completion of its first fully-owned residential project in Mirdif.

The project consists of 54 villas and was scheduled for handover during December 2017.

"We are pleased to announce the completion of the Amlak's first fully-owned residential development project in Mirdif. This project is a testament towards our forward thinking approach and further strengthens our leadership position in the market. Through such developments, we hope to continue to enhance the value of the UAE's real estate market in addition to fulfilling our commitments to our financiers and shareholders," said Arif Alharmi, managing director and CEO of Amlak Finance.

The Dh138 million development includes 18 land plots, with a total built-up area of 180,085 square feet. Each plot consists of three high-end townhouse villas, which have four to five bedrooms, private gardens, and parking facilities.

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