Dubai Investments has broken ground on the Mirdif Hills project, a mixed-use residential, commercial and retail development in Dubai. The project is estimated to cost AED 3 billion ($816.8 million). It is being developed by Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments. The development will cover an area of 3.9m sq ft, featuring 1,054 apartments, a four-star hotel, 128 serviced apartments, as well as a 230-bed hospital. Work will be carried out in two phases and wrapped up by the fourth quarter of 2018.