Azizi awards AED200 million contract to Prestige Constructions
Farhad Azizi Residence in Dubai Healthcare City due to complete in 2020
Azizi Developments has awarded a AED200 million contract for the construction of ‘Farhad Azizi Residence’ project in Dubai Healthcare City, to Prestige Constructions.
Piling work for the B+G+2P+17-storey Farhad Azizi Residence, which is scheduled for completion in 2020, has already been completed and Prestige Constructions will commence work on the residential development to feature 634 premium units shortly.
Set in a total construction area of 728,715ft2, Farhad Azizi Residence has 396 studios, 218 one-bedroom and 20 two-bedroom apartments.
Farhad Azizi, CEO of Azizi Developments, said: “With strong demand for residential property in the fast-growing Dubai Healthcare City (DHCC) neighbourhood, we are offering investors truly world-class choices and are delighted to partner with Prestige Constructions again, having already worked with them on our Meydan developments. We are confident that the company will play a pivotal role in the success of this project.
DHCC is the wellness and health district of the UAE with close to 160 clinical partners including hospitals, outpatient medical centers and diagnostic laboratories across 150 plus specialties with licensed professionals from almost 90 countries.