Dubai, UAE: Azizi Developments, one of the leading private developers in the UAE, has awarded a AED200 million contract for the construction of ‘Farhad Azizi Residence’ project in Dubai Healthcare City, to Prestige Constructions.

Scheduled for completion in 2020, Farhad Azizi Residence was launched by Azizi Developments in Dubai Healthcare City following the strong demand for Azizi Aliyah Residences, the company’s first premium residential project in the wellness neighbourhood. Azizi Aliyah Residences is in the final phase of construction with the elegantly designed homes scheduled for handover soon.

Piling work for the B+G+2P+17-storey Farhad Azizi Residence 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 728,715 square feet, 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 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.

Eng. Nur Alam Choudhary CEO of Prestige Constructions, said: “Azizi Developments is setting industry benchmarks with their goodwill and business practices. We are delighted to partner with the company again and are thankful to them for the trust and confidence bestowed in us. We will use our best resources to accomplish this prestigious project within the specified timeframe.”

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.

Residents of Farhad Azizi Residence will enjoy panoramic views of the city, leisure activities, family amenities, and the finest healthcare facilities the country has to offer.

In addition to the convenient proximity to iconic Dubai landmarks, Farhad Azizi Residence will be surrounded by green spaces, making it a beautiful and relaxing location for families and working professionals.

-Ends-

About Azizi Developments

Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has enabled it to expand to include a portfolio worth over AED45billion in the emirate, with more than 200 projects under various stages of development.

Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards in 2018 for the third consecutive year. The company has also been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.