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Azizi's residential and retail project in the Meydan One Development will cover 180 plots
Dubai, UAE - Meydan Group has announced a strategic partnership with Azizi Developments initiating a residential and retail project in the Meydan One development that will cover 180 plots.
The Meydan One development, announced in 2015 by the Meydan Group, features an integrated city and destination for business, sport and lifestyle that will shape the heart of Dubai, UAE.
Azizi’s low-rise residential and retail project which will comprise of G4 – G10 floors will be within Meydan One Development, near Meydan One Mall and its attractions. The mall has a 150 by 80 metre retractable roof, creating a one-of-a-kind, alfresco shopping and dining atmosphere. The Civic Plaza’s record-breaking features include the world's largest dancing fountains (a four kilometre canal and marina), the longest indoor ski slopes (one kilometre long) and a massive professional-standard, multi-purpose sports facility (270,000 square feet with over 5.3 km bicycle and jogging trails, a 9 km boardwalk, a 300 m long beach and a unique heritage village).
Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group and Mirwais Azizi, Chairman of Azizi Group, presided over the signing ceremony at the Meydan Group’s headquarters. The agreement marks a new milestone to expand operations and offerings with this collaboration.
Commenting on this alliance Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group said, ‘’We are delighted to announce this strategic partnership between the Meydan Group and Azizi Developments. This association is an illustration of Meydan’s commitment and statement of intent, which is to make significant contributions to the development of Dubai, UAE. This is in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai.
‘’Meydan is a name that evokes opportunity and we are glad that the Azizi Developments have partnered with us. Like us, they are investing in the future.
‘’Meydan’s assets sit in a strategic geographical corridor. The proximity of this project, with all its important amenities, within the Meydan One eco system, the Dubai Water Canal, where we are co-stakeholders, and proximity to Dubai’s business and financial sector is a case in point. The growth witnessed here will dovetail into the plans that we have articulated for the future and this will be evident soon.’’
Farhad Azizi, Chief Executive Officer of Azizi Developments said: “At Azizi, it is our never-ending ambition to develop quality, luxurious residences, while creating unique retail experiences for our clients. The project within Meydan One will enable Azizi Developments to meet the growing demand of young professionals seeking both leisure and luxury amenities. I am extremely delighted to be signing this agreement with Meydan Group, which is dedicated to transforming this development into a recreational, residential and hospitality destination.”
The Meydan One Development was launched in August 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Azizi’s project will be within Meydan One’s massive 40 million square feet destination (3.75 million square metres). The development is located between Meydan and Al Khail Road and is set to become Dubai’s eminent attraction when the first phase opens in 2020.
Meydan One is set to break at least seven world records; it will become home to more than 83,000 residents. The development will also feature Dubai One Tower, which is the world’s tallest residential tower at a height of 711 metres. It will have 895 exquisitely-appointed apartments with access to the world’s highest 360-degree observation deck and the world's highest sky-view restaurant.
Azizi’s project within Meydan One will also be within close proximity to amenities like schools and hospitals. The site preparation will begin once detailed plans for the project are drawn up.
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About Meydan Group
Meydan is the visionary concept of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. The project is the culmination of his vision to create not just a venue for horseracing, but an integrated city that is sustainable, environmentally responsible and one that positions Dubai at the centre of the competitive global business stage.
Meydan Group aims to link the world with the Emirate of Dubai through international horseracing and equestrian events, a range of commercial developments, hospitality, sports, entertainment and amusement services, a series of state-of-the-art business parks, residential villa communities, schools, hospitals, business towers with luxury waterfront developments and shopping destinations.
Mohammed Bin Rashid Al Maktoum City covers approximately 47 million square feet of prime freehold development in the heart of Dubai and features several development projects by Meydan. Mohammed Bin Rashid Al Maktoum City - District Eleven is a cosmopolitan, family-oriented community comprising villas and mixed-use buildings and offering a number of attractive amenities and facilities including Emirates Airline housing,
Meydan Villas and The Kent College of Canterbury. Meydan Heights is also home to Emirates Airline housing, a premium development comprising 528 units of townhouse community living and includes retail, park areas and public amenities such as a community centre and mosques. Meydan Avenue incorporates the iconic Grandstand and The Meydan Hotel at its heart will set new standards of living, build an inspirational business culture and offer a lifestyle of exceptional quality.
Taking the modern standard of living to new heights, Meydan One will offer a premium lifestyle to more than 83,000 residents with remarkable amenities and facilities including the 711m tall Dubai One Tower, Meydan One Mall, a five-star hotel, a civic plaza with dancing water fountains, an indoor sports facility, a 4km canal and a marina.
The centrally located Meydan Free Zone offers a prime location and ease of incorporation while driving businesses through advanced telecommunications, high technology and business space flexibility.
Meydan Group brings together elegant lifestyle opportunities with leading entertainment and sporting events. The portfolio consists of The Meydan Hotel, Bab Al Shams Desert Resort & Spa, The Track Meydan Golf, QUBE Sports Lounge, Meydan Tennis Academy, Dubai Equestrian Club, Emirates Equestrian Centre, Dubai Racing Club and the iconic architectural marvel, Meydan Racecourse, home of the world’s richest horse race – the Dubai World Cup. For more information about Meydan, please visit www.meydan.ae.
About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group. Established in 1998, the company’s diverse experience in the property market has led the value of its current portfolio in the Emirate to AED 7.3 billion for a total of 20 projects at various stages of development.
As one of the prominent property developers in the region and international markets, the company’s strategic operations and extensive experience recently led the organisation to win ‘Developer of the Year’ award at the Construction Innovation Awards Middle East 2016.
Ever since its inception, Azizi Developments has been instrumental in developing some of the finest properties in the UAE ranging from luxurious high-end to affordable projects. Some of the major developments by the company include residential and serviced apartments at Al Furjan, The Palm Jumeirah and Dubai Healthcare City.
Over the years, the company has well-established its presence in the real estate market outlining an impeccable reputation for its customer relations, affordable pricing and after sales services in the global business circuit. The company’s key business operations includes acquisitions, site selection, market analysis, zoning and permitting, architectural planning, financing, constructing, managing, marketing, leasing and sales.
For further information about Meydan Group please contact:
Robin Chatterjee
Director – Media relations
O: +971 4 316 8797 F: +971 4 327 0049
M: +971 56 5079950
Robin.Chatterjee@meydan.ae
For further information about Azizi Development, please contact:
SAHARA Communications
Amira Gamal
Tel: +971 4 3298996
Mobile: +971 50 5430701
amira@saharagcc.com
© Press Release 2017
