Leading master-developer Meydan Group has joined hands with Azizi Developments, a leading UAE-based real estate company, to develop a residential and retail project at Meydan One that will cover 180 plots in Dubai.
The development, announced in 2015 by the Meydan Group, features an integrated city and destination for business, sport and lifestyle that will shape the heart of the UAE emirate.
Azizi’s low-rise residential and retail project which will comprise of G4 – G10 floors will be within Meydan One Development, near Meydan One Mall and its attractions.
The mall has a 150 by 80 m retractable roof, creating a one-of-a-kind, al fresco shopping and dining atmosphere. The Civic Plaza’s record-breaking features include the world’s largest dancing fountains (a 4-km canal and marina), the longest indoor ski slopes (1 km long) and a massive professional-standard, multi-purpose sports facility (270,000 sq ft with over 5.3 km bicycle and jogging trails, a 9-km boardwalk, a 300-m-long beach and a unique heritage village).
Saeed Humaid Al Tayer, the chairman and CEO of the Meydan Group and Mirwais Azizi, chairman of Azizi Group, presided over the signing ceremony at the Meydan Group’s headquarters.
The agreement marks a new milestone to expand operations and offerings with this collaboration.
On the alliance, Saeed Humaid Al Tayer, the chairman and CEO of Meydan Group, said it was an illustration of Meydan’s commitment and statement of intent, which is to make significant contributions to the development of Dubai.
“Meydan is a name that evokes opportunity and we are glad that the Azizi Developments have partnered with us. Like us, they are investing in the future,” he noted.
‘’Meydan’s assets sit in a strategic geographical corridor. The proximity of this project, with all its important amenities, within the Meydan One eco system, the Dubai Water Canal, where we are co-stakeholders, and proximity to Dubai’s business and financial sector is a case in point. The growth witnessed here will dovetail into the plans that we have articulated for the future and this will be evident soon.’’
Azizi Developments CEO Farhad Azizi said: “It is our never-ending ambition to develop quality, luxurious residences, while creating unique retail experiences for our clients.”
“The project within Meydan One will enable Azizi Developments to meet the growing demand of young professionals seeking both leisure and luxury amenities. I am extremely delighted to be signing this agreement with Meydan Group, which is dedicated to transforming this development into a recreational, residential and hospitality destination,” he added
Credit: gulfconstructiononline.com
