Azizi Developments has awarded two contracts at Meydan One in Dubai to build 35 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 has been amalgamated into sites that will contain 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 concurrent 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 of 2,162 units.
The apartments being built will all be studios, one-bed and two-bed units available for sale and for lease. The first phase is set for handover in 2020.
Meydan One is a 3.75 square kilometre 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 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.”
mfahy@thenational.ae
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