Azizi awards Dh1.7bn worth of contracts to build apartment blocks at Meydan One
Azizi Developments has awarded two contracts at Meydan One in Dubai to build 35 new apartment blocks worth a total of Dh1.7 billion.
The company, which bought 186 plots at Meydan One in February from the master developer Meydan, said the land it has bought has been amalgamated into sites that will contain a total of 76 buildings.
Construction work for the first 35 of these will be split jointly between KCC Engineering Construction and Maintenance and Actco General Contracting. This will be carried out in two phases. The first, involving construction of 18 low to mid-rise buildings, will have 2,273 apartments and retail units. Phase two will involve a further 17 buildings containing 2,162 units completed.
The apartments being built will all be studios, one-bed and two-bed, available both for sale and for lease. The first phase is set for handover in 2020.
Meydan One is a 3.75 square kilometres community that will have the Meydan One mall as its centrepiece. A US$435 million contract for the mall was awarded to the Italian contractor Salini Impregilo last month following a groundbreaking ceremony led by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.
Mirwais Azizi, the chairman of Azizi Developments, said: “We are pleased to appoint these two renowned contractors with the 35-building project to exemplify our line of high-quality, efficiently-designed buildings.
“Delivering a new community asset that will simultaneously attract people from all over the city and appeal to families is a challenge that we have risen to.”
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