Amlak Finance has announced the completion of its first residential development with a $36m (AED138m) project in Mirdiff, Dubai.  

Consisting of 54 villas, the project started handover in December 2017, with the villas now ready for viewing by potential tenants.

The development includes eighteen land plots, with total built-up area of 16,730m2. Each plot consists of three high-end townhouse villas which have four to five bedrooms, private gardens and parking facilities.

Arif Alharmi, managing director & CEO of Amlak Finance, said: “We are pleased to announce the completion of the Amlak’s first fully owned residential development project in Mirdiff.

“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,” Alharmi added.