UAE's Azizi awards $54m contract for Dubai residential project.

UAE-based Azizi Developments has awarded a AED200 million ($54 million) contract for the construction of its 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 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, the developer said.

Piling work for Farhad Azizi Residence has already been completed and Prestige Constructions will commence work on the residential development to feature 634 premium units shortly, it added.

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."

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