Developer profile · Since 2023

Mirfa IBC Developments

Young Dubai developer: JVC flats and Meydan villas

See what’s selling now Ask us about Mirfa IBC

213Homes delivered

2023Founded

VariesTypical payment plan

11 monthsTypical delay

At a glance

A young Dubai developer with one completed JVC building and four projects under construction

Mirfa IBC is a small private developer that describes itself as a new entrant to Dubai.

Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked October 2026 · 16 sources

Read our full verdict

Its record is short. Ashton Park in Jumeirah Village Circle (213 homes) was recorded as finished by the Dubai Land Department in February 2026, about 11 months after the March 2025 date first shown on a major portal. Four projects are now under construction: Ashton Park The Second and The Borough in JVC, Stories in Dubai South and the Numa Reserve villas in Meydan. Entry prices are mid-market for apartments, and Numa Reserve starts at AED 12 million. Buyers should note that published handover dates differ between sources, that some plans leave 57% to 65% due at or after handover, and that the company publishes little about its ownership or finances.

Best for

JVC apartment buyers
Meydan villa families
Buyers wanting post-handover terms

Delivery recordToo early to say

PricesMid-market

Payment plansVaries

Post-handover plansSometimes

What Mirfa IBC does well

Ashton Park in JVC is complete, with the Dubai Land Department registry showing it as finished on 23 February 2026.
The company reported total sales above AED 1 billion across its active projects in June 2026, including AED 450 million at Numa Reserve.
Apartment entry prices are accessible, from about AED 580,000 at Stories and AED 689,000 at Ashton Park The Second.

All 5 points in full

Ashton Park in JVC is complete, with the Dubai Land Department registry showing it as finished on 23 February 2026.
The company reported total sales above AED 1 billion across its active projects in June 2026, including AED 450 million at Numa Reserve.
Apartment entry prices are accessible, from about AED 580,000 at Stories and AED 689,000 at Ashton Park The Second (official site, October 2026).
The range is broad for a small developer, from studios in Dubai South to 5 to 7 bedroom villas in Meydan.
Some projects have been offered with post-handover payment plans, which lowers the cash needed during construction.

Check before you buy

The track record is thin: one completed apartment and townhouse scheme, plus a small earlier townhouse project.
Ashton Park was first listed for March 2025 and finished in February 2026, roughly 11 months later.
Ashton Park The Second was listed for December 2025 but was about 26% built in October 2025 and reported at 70% in June 2026.

All 5 points in full

The track record is thin: one completed apartment and townhouse scheme, plus a small earlier townhouse project.
Ashton Park was first listed for March 2025 and finished in February 2026, roughly 11 months later.
Ashton Park The Second was listed for December 2025 but was about 26% built in October 2025 and reported at 70% in June 2026.
Handover dates for Numa Reserve differ: portals show Q4 2026, while the developer's June 2026 statement gives Q3 2027.
Numa Reserve asks for 65% on handover, and the company publishes no founding date, ownership details or accounts.

Selling now

Mirfa IBC projects you can buy

Prices change quickly. Tap a project and we’ll send today’s prices and floor plans.

All 3 Mirfa IBC project guides

Under construction

Meydan District 11, Mohammed Bin Rashid City

Numa Reserve

Prices and floor plans sent on request

HandoverQ3 2027Plan10/25/65Beds5, 6, 7

Details

Type: Standalone villas
Bedrooms: 5, 6, 7
Sizes: 6,020 to 15,362 sq ft

View project

Under construction

Jumeirah Village Circle

The Borough

Prices and floor plans sent on request

HandoverQ1 2028Plan55/45BedsStudio, 1, 2

Details

Type: Apartments, G+5+17 tower
Bedrooms: Studio, 1, 2
Sizes: 407 to about 1,082 sq ft

View project

Under construction

Dubai South (Residential District)

Stories by Mirfa

Prices and floor plans sent on request

HandoverQ1 2028Plan60/40BedsStudio, 1, 2

Details

Type: Apartments, G+6 building, 100 homes
Bedrooms: Studio, 1, 2
Sizes: 388 to 961 sq ft

View project

Under construction

Jumeirah Village Circle, District 14

Ashton Park The Second

Prices and floor plans sent on request

HandoverQ4 2026PlanNot published; resale listings mention 3 to 5 year post-handover plansBedsStudio, 1, 2

Details

Type: Apartments
Bedrooms: Studio, 1, 2
Sizes: From about 385 sq ft

Compare all 4 Mirfa IBC projects in a table

Mirfa IBC Developments projects selling now: area, starting price, payment plan and handover date
				Bedrooms
Numa Reserve	Meydan District 11, Mohammed Bin Rashid City	10/25/65	Q3 2027	5, 6, 7
The Borough	Jumeirah Village Circle	55/45	Q1 2028	Studio, 1, 2
Stories by Mirfa	Dubai South (Residential District)	60/40	Q1 2028	Studio, 1, 2
Ashton Park The Second	Jumeirah Village Circle, District 14	Not published	Q4 2026	Studio, 1, 2

Tap a column heading to sort. Dates as checked October 2026.

Track record

Does Mirfa IBC finish on time?

Too early to say

Mirfa IBC has one sizeable completed project.

See project by project (6)

ProjectAshton Park, JVC
PromisedMarch 2025
What happenedFinished 23 February 2026 (DLD registry)
ProjectAshton Park The Second, JVC
PromisedDecember 2025
What happened25.77% built in October 2025; 70% reported June 2026; resale listings quote Q4 2026
In progress
ProjectNuma Reserve, Meydan
PromisedQ4 2026
What happenedDeveloper statement in June 2026 gives Q3 2027; progress not published
ProjectThe Borough, JVC
PromisedQ1 2028
What happenedUnder construction; progress not published
In progress
ProjectStories by Mirfa, Dubai South
PromisedMarch 2028
What happened0.52% complete at 1 October 2026 inspection
ProjectOak by Mirfa, Al Furjan
PromisedNot published
What happenedListed as sold; completion date not published

Projects they have finished (3)

Ashton Park ResidencesJumeirah Village Circle · Apartments (studio, 1 and 2 bed)Completed 2026

Ashton Park TownhousesJumeirah Village Circle · 4 bedroom townhousesCompleted 2026

Oak by MirfaAl Furjan · 4 bedroom townhousesCompleted Not published

Communities

Where Mirfa IBC builds

Tap one for our area guide.

Jumeirah Village Circle65 homes managed by us

Dubai South12 homes managed by us

Al FurjanArea guide

Also builds in Meydan District 11.

Prices

Mirfa IBC prices and rental returns

There is little resale or rental data yet, because Ashton Park only completed in February 2026.

Ashton Park, JVC (studio)

AED 1,486/sq ftNot published yield

Ashton Park, JVC (1 bed)

AED 1,247/sq ftNot published yield

Ashton Park, JVC (2 bed)

AED 1,196/sq ftNot published yield

Ashton Park The Second, JVC (studio)

AED 1,922/sq ftNot published yield

See the full figures

There is little resale or rental data yet, because Ashton Park only completed in February 2026. The figures below are single recorded sales shown on a major portal, not averages, and some may be original off-plan registrations. At Ashton Park, a studio sold for AED 615,000 in July 2026, below the AED 649,254 launch starting price, although the unit sizes differ. Larger units recorded about AED 1,200 to 1,250 per sq ft. Rental yields for Mirfa buildings are not published. Treat these numbers as a guide only and check recent DLD transactions before buying.

Community	Price per sq ft	Change	Gross yield
Ashton Park, JVC (studio)	AED 1,486 (July 2026)	Launch from-price AED 649,254; this sale AED 615,000	Not published
Ashton Park, JVC (1 bed)	AED 1,247 (June 2026)	Not published	Not published
Ashton Park, JVC (2 bed)	AED 1,196 (June 2026)	Not published	Not published
Ashton Park The Second, JVC (studio)	AED 1,922 (December 2025)	Launch from-price AED 689,000; this sale AED 740,027	Not published

Asking prices, gross yields. Work out a net return

Payment plans

Mirfa IBC payment plans

A typical Mirfa IBC plan

10%25%65%

On bookingDuring constructionOn handover

On a home priced at AED 1,000,000 that is AED 100,000 on booking, AED 250,000 during construction, AED 650,000 on handover. Government registration fees are paid on top.

Payment plansVary by project. Numa Reserve: 10% on booking, 25% during construction, 65% on handover.

Vary by project. Numa Reserve: 10% on booking, 25% during construction, 65% on handover. Ashton Park was sold on 11/30/2/57. Plans for Stories are not published.

Post-handover plansOffered on some projects. Ashton Park had 57% after handover.

Offered on some projects. Ashton Park had 57% after handover. Listings quote a 55/45 plan with two years after handover at The Borough. Confirm current terms in writing.

Golden VisaUnder UAE rules, property worth AED 2 million or more can support a 10-year visa application.

Under UAE rules, property worth AED 2 million or more can support a 10-year visa application. Numa Reserve villas are above this level; most Mirfa apartments are below it.

Mortgages on off-planNot published by the developer. Ask your bank whether it will lend on the specific project.

Service chargesNot published. Ask for the estimated rate per sq ft before you sign.

Buyer protectionDubai law requires off-plan projects to be registered with the DLD and payments to go into a project escrow account.

Dubai law requires off-plan projects to be registered with the DLD and payments to go into a project escrow account. Stories is DLD project number 4353. Check each project's registration and escrow details yourself.

Is Mirfa IBC right for you?

Mirfa IBC suits buyers who want a mid-priced apartment in JVC or Dubai South and are comfortable with a newer developer.

Talk to an adviser Send an enquiry

Read Mirfa IBC’s story

2023Official website goes live. Oak by Mirfa, a townhouse scheme in Al Furjan, is presented as the company's first UAE project.
January 2024Sales and construction start at Ashton Park in JVC, with studios from AED 649,254.
November 2024Ashton Park Residences The Second launches in JVC District 14, from AED 689,000.
June 2025Numa Reserve launches in Meydan District 11, with 5 to 7 bedroom villas from AED 12 million.
2025The Borough, a G+5+17 apartment tower in JVC, is added to the portfolio.
February 2026Ashton Park is recorded as finished in the Dubai Land Department registry.
March 2026Construction starts at Stories by Mirfa, a 100-home building in Dubai South.
June 2026The company reports AED 450 million of sales at Numa Reserve and more than AED 1 billion across active projects.

Founded: Not published by the developer. One directory gives 2023; first projects were marketed from late 2023.
Ownership: Private. Shareholders not published. Shahzad Sharif is named as Director in a June 2026 company statement.
Homes delivered: 213 at Ashton Park, JVC (DLD-derived tracker, October 2026), plus the Oak townhouses in Al Furjan (count not published)
Projects: 7 listed on the official site: 4 under construction, 3 earlier schemes
Credit rating: Not published
Best known for: Ashton Park in JVC and the Numa Reserve villas in Meydan

FAQs

Questions about Mirfa IBC

Is Mirfa IBC a reliable developer?

Mirfa IBC is a small private developer that describes itself as a new entrant to Dubai. We rate its delivery record as "Too early to say": One scheme finished (Feb 2026), about 11 months after its first listed date.

Who is Mirfa IBC?

Mirfa IBC is a private residential developer based in Dubai. It describes itself as a new entrant to the Dubai market and focuses on mid to premium homes.

When was Mirfa IBC founded?

The developer does not publish a founding date. One directory gives 2023, and its first projects were marketed from late 2023.

Has Mirfa IBC completed any projects?

Yes. Ashton Park in JVC, with 213 homes, was recorded as finished by the Dubai Land Department on 23 February 2026. Its earlier Oak townhouses in Al Furjan are listed as sold.

Was Ashton Park delivered on time?

A major portal first showed delivery in March 2025. The registry shows it finished in February 2026, about 11 months later.

What is Mirfa IBC selling now?

As of October 2026 its site lists Numa Reserve in Meydan, The Borough and Ashton Park The Second in JVC, and Stories in Dubai South. Some of these may be sold out from the developer, with resales available.

How much do Mirfa IBC homes cost?

Official starting prices in October 2026 are AED 580,000 at Stories, AED 689,000 at Ashton Park The Second and AED 12 million at Numa Reserve. The Borough is quoted from about AED 730,000.

When will Numa Reserve be finished?

Sources differ. Property portals show Q4 2026, while the developer's own statement in June 2026 gave a planned completion of Q3 2027.

What payment plans does Mirfa IBC offer?

They vary. Numa Reserve is 10/25/65, with 65% due on handover. Ashton Park was sold with 57% payable after handover.

Are Mirfa IBC projects registered with the DLD?

Its projects appear in DLD-derived trackers, for example Stories as project number 4353. Always check the project and escrow account on the Dubai REST app before paying.

Sources and how we checked (16)

Facts checked October 2026 from the developer’s own announcements and results, Dubai Land Department records (via Property Finder, DXBinteract and Propsearch), Bayut market reports and the press. Figures given by the developer are labelled as theirs. This page is information, not financial advice.

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