UAE-based Azizi Developments has awarded a contract worth Dh200 million ($54 million) to Keilani Construction Company (KCC) for the development of two high-end serviced residences at Al Furjan master community, a 15-minute drive from the new Al Maktoum International Airport in Dubai.

The high-end serviced residences – Roy-Mediterranean and Montrell – comprise studios and one-bedroom apartments, each standing nine storeys tall, including the ground level and two parking levels.
 
The Dh510-million ($139 million) projects, which are already under construction, will be delivered by the end of 2017, said a statement from Azizi.
 
Facing the Dubai Investment Park roundabout, Roy-Mediterranean spans over 285,367 sq ft, and features 271 units including 224 studios and 47 one-bedroom apartments.

Montrell, on the other hand, is being constructed on an entirely new location on the other side of the road. This is the first construction to have begun on the location, adding value to the particular site in Al Furjan, it stated.

The project comprises 222 units, including 168 studios and 54 one-bedroom residences, and spreads over 246,243 sq ft.
 
Both the serviced residences boasts of world-class luxury, offering all the amenities of a hotel, but flavoured with a homely environment, said the UAE developer.

Facilities include laundry and valet parking, room service, landscaped gardens, restaurants, café, gymnasium, swimming pool, kids’ pool, spa and prayer rooms. All the apartments will be fully furnished at the time of delivery.
 
The serviced residences will be just a 10-minute drive to Expo 2020, besides being at a convenient distance from Jebel Ali, Dubai Investment Park and Industrial City. Tourism hotspots, such as Burj Khalifa, Dubai Marina, Palm Island and Ibn Batuta Mall are also located at a short driving distance, it added.
 
Expressing his pleasure at the tie-up with KCC, Farhad Azizi, the chief executive and vice chairman of Azizi Developments, said: "We as developers like to think out of the box. In this, project, for instance, most of the construction is concentrated in one area of Al Furjan."
 
"We are the first developers to begin development on the other side of the road and hopefully others would follow suit. The location is also in close proximity with the under construction Al Furjan Pavilion West Community Centre which adds to the value," stated Azizi.  
 
Besides Al Furjan, where Azizi Developments is the biggest private developer with 24 plots and counting, the company also owns an ongoing project in Palm Jumeirah, Royal Bay Residence.

According to Azizi, the company is planning future projects worth Dh1.8 billion ($490 million) in Healthcare City, Palm Island and Al Furjan.

The group plans to launch over 2,000 units of serviced residences by December 2016, he added.-TradeArabia News Service