Meydan Group and Azizi Developments have teamed up on a residential and retail project within the Meydan One master development.
The low-rise project will comprise of G4 G10 floors will be close to Meydan One Mall and its attractions.
Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group and Mirwais Azizi, Chairman of Azizi Group, presided over the signing ceremony at the Meydan Groups headquarters.
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, said Saeed Humaid Al Tayer.
Meydans 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 Dubais 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.
Farhad Azizi, Chief Executive Officer of Azizi Developments said: The project within Meydan One will enable Azizi Developments to meet the growing demand of young professionals seeking both leisure and luxury amenities.
Located between Meydan and Al Khail Road, Meydan One was launched in August 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The development will have a number of record breaking features, including Dubai One Tower, which will be the worlds tallest residential tower at 711 metres.
The mega project will also have the world’s largest dancing fountains, the worlds longest indoor ski slopes and a huge multi-purpose sports facility.
Azizis project within Meydan One will also be within close proximity to amenities like schools and hospitals. The site preparation will begin once detailed plans for the project are drawn up.