01 December 2018

Prestige Constructions has been awarded a Dh200-million ($54.4 million) contract by Azizi Developments for the construction of ‘Farhad Azizi Residence’ project within Dubai Healthcare City (DHCC).

Scheduled for completion in 2020, the project was launched by Azizi Developments in DHCC following the strong demand for Azizi Aliyah Residences, the company’s first premium residential project in the Dubai wellness neighbourhood.

Piling work for the 17-storey Farhad Azizi Residence, which has a basement and two podium levels, has already been completed and Prestige Constructions will soon start work on the residential development that will feature 634 premium units.

Set in a total construction area of 728,715 sq ft, Farhad Azizi Residence boasts 396 studios, 218 one- and 20 two-bedroom apartments.

Azizi Developments CEO Farhad Azizi says: “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.”

Prestige Constructions CEO Nur Alam Choudhary says: “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.”

Prestige Constructions has a strong presence in Dubai, Sharjah and Ajman.   

• BICC wins armed forces club revamp deal
• Fluor JV milestone on Clean Fuels Project
• Prestige to build DHCC residential tower
• Wabag secures $208m deals in GCC
• News in brief

Tags

Facades Bathrooms Transport Jeddah Environment BIM Plastics Just Out Regional News Saudi Focus UAE Focus Events Legally Bound Real Estate Contractors Interiors Manufacturers & Procurement Tenders

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.