Azizi Invested Dh1.6 Billion for Dubai Healthcare City Projects

Azizi Invested Dh1.6 Billion for Dubai Healthcare City Projects

Azizi Developments has picked Belhasa Projects to build three residential buildings — with 1,900 units — at Dubai Healthcare City. It follows an earlier project the developer launched in the same cluster, and takes the combined value to Dh1.6 billion.

Two of the buildings are 20 storey structures, while the other is a 18 storey one. The residences, which are located near a five-star hotel, will encompass studios, one- and two-bedroom apartments. “These residences encompass efficiently-designed apartments that cater to the health-conscious lifestyle of professionals and nuclear families,” said Farhad Azizi, CEO of Azizi Developments.

The company also has projects in Palm and recently took up land parcels in Meydan. These, numbering 180 plots, will be used for buildings of between six and 11 storeys. In fact, Azizi became one of the biggest bulk investors in that freehold destination.

Developers are now homing in on the Dubai Healthcare City cluster for residential options, more so now that the offices and speciality clinics have already established themselves. Going forward, there will be a lot more pitching up with their own offerings.

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Source:Gulf News

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