Azizi awards $120m worth of contracts for Dubai Healthcare City projects
Azizi Developments has awarded two contracts worth $120m (AED440m) for the development of two buildings in Dubai Healthcare City (DHCC)
Azizi Developments has awarded two contracts worth $120m (AED440m) for the development of two buildings in Dubai Healthcare City (DHCC).
Zahrat Al Safa Contracting has been appointed to construct the two buildings, with each contract valued at $60m (AED220m).
Construction on the projects began on 1 April, 2018 and is “advancing at a rapid pace”, according to a recent company statement.
Fawad Azizi will have a total of 396 units, including 201 studios, 165 one-bedroom apartments and 30 two-bedroom apartments.
The second building, Jawad Azizi, will have 383 total units, including 216 studios, 137 one-bedroom apartments, and 30 two-bedroom apartments.
Mirwais Azizi, chairman of Azizi Group, said: “Azizi Developments is committed to establishing communities and delivering premier real estate projects in Dubai. Dubai Healthcare City is one of Dubai’s urban upscale landmarks and is committed to being a health and wellness destination.
“DHCC shares close proximity to Downtown Dubai and the financial district of the city, along with key shopping malls and lush green parks in the vicinity, which makes it an excellent investment for buyers and investors.”
Azizi is working on another two projects in DHCC, including the $128m (AED470m) Aliyah Residences and Farhad Azizi.
Azizi Aliyah Residences is a project that will offer a total of 346 fully serviced residences with 191 studios, 135 one-bedroom apartments and 20 two-bedroom apartments, along with upscale retail space of 1,486m2.
Farhad Azizi will have a total of 634 units, including 396 studios, 218 one-bedroom apartments and 20 two-bedroom apartments.