Azizi Developments has awarded the AED 118m ($32.12mn) construction contract for its latest project to Al Qandeel Contracting Company.
The 17-floor Azizi Aura in Downtown Jebel Ali will be home to 479 residential units, 349 of which are studios.
Farhad Azizi, CEO of Azizi Developments and Mufeed Al-Zeir, Managing Director of Al Qandeel at the Murjaan Ballroom signed the deal at Madinat Jumeirahs Conference & Events Centre.
Farhad Azizi, Chief Executive Officer of Azizi Developments, said: We are pleased to appoint Al Qandeel Contracting Company for the 38-building project to exemplify our line of high-quality, efficiently-designed residences in this community which will soon be pulsating with life.
“Partnering with contractors with proven track records, like Al Qandeel, means that this project is moving forward while maintaining the highest standards of excellence.
Mufeed Al-Zeir, Managing Director of Al Qandeel Contracting Company, said: We bring more than 30 years of experience in the residential construction sector and our collaboration with Azizi Developments is the result of our mutual dedication to excellence. This united effort to make Downtown Jebel Ali the next leisure destination will bolster its position in the region as an exciting location for residential developments and retail projects.