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Home / NEWS / Indian businessman funds $2.4m UAE residential initiative

Indian businessman funds $2.4m UAE residential initiative

by Neha Bhatia on Sep 11, 2017


SZHP will develop nine homes in Dubai's Al Quoz neighbourhood under its Cities of Giving initiative [representational image].
SZHP will develop nine homes in Dubai's Al Quoz neighbourhood under its Cities of Giving initiative [representational image].

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The UAE's Sheikh Zayed Housing Programme (SZHP) has unveiled nine homes, worth $2.4m (AED9m), under Phase 1 of its Cities of Giving initiative. 

Located in Dubai's Al Quoz 2 area, Phase 1 of the project involves the completion of the nine 3,500m2 residences within 16 months. 

Featuring four bedrooms, each unit of the project is a two-storey residence designed across Mediterranean, modern, Andalusian, or Islamic principles. 

Indian businessman, Rajen Kilachand, is the first contributor to the SZHP's Cities of Giving initiative, which has been launched in line with the UAE's Year of Giving programme. 

Dr Abdullah bin Mohammed Belhaif Al Nuaimi, the UAE's Minister of Infrastructure Development and chairman of SZHP, attended a signing ceremony for the project.

The signing ceremony included a field visit for Dr Al Nuaimi and senior officials to one of the models of the residential units, where they were informed about the project's technical details, WAM reported.

 



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