Hotels being planned for Healthcare City Phase 2
Dubai Healthcare City Authority and Nshama announce joint venture to develop an integrated community in Phase 2
Dubai Healthcare City Authority has announced a joint venture with Nshama to establish a mixed-use development in Phase 2 of the city’s wellness expansion project at Al Jadaf Dubai, parallel to Al Garhoud Bridge.
The agreement will deliver an integrated community, named Al Fursan, comprising premium apartments, serviced residences, four- and five-star hotels, and retail and leisure features, spread over approximately 2.9 million square feet of Dubai Healthcare City’s Phase 2 expansion project.
The agreement will create a dynamic living, working and recreation environment for the Dubai Healthcare City community, residents, and medical tourists in Phase 2, overlooking the historic Dubai Creek lined with cultural and architectural sites.
The Phase 2 of Dubai Healthcare City, spread over land area of 22 million square feet, was launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai in March this year.
The joint venture follows on from the launch.
The signing was attended by Her Excellency Dr Raja Al Gurg, vice-chairperson and executive director of Dubai Healthcare City Authority; Dr Amina Al Rustamani, group CEO – TECOM Investments and board member of Dubai Healthcare City; other board members of the Authority and Fred Durie, chief executive officer, Nshama.
“Our partnership is a milestone to support the vision of His Highness Sheikh Mohammed in establishing the emirate as a global medical tourism hub, and developing Dubai’s key sectors of health, retail and hospitality,” said Al Gurg.
She added, “Nshama’s developmental model dovetails with our planning requirements for Phase 2. The project will cater to the growing demand for living choices from healthcare specialists who relocate to the emirate and from medical tourists.”
The first phase of planning will take into account connectivity to promote activity and interaction on a community level, and the required infrastructure to ensure environmental prudence and social responsibility. Details on the progress will be announced in the future.
Fred Durie, chief executive officer, Nshama, said: “The JV is a key addition to our development portfolio. The project will be an interconnected community with walkways linking different components, offering a refreshing creek-side ambience.”
Nshama will focus solely on the development aspects such as the master plan and design, and work closely with Dubai Healthcare City to ensure optimum land use to integrate the network of high-quality, mixed-use healthcare and wellness offerings with a residential community aspect.
“We are thankful to Dubai Healthcare City for their support to develop this JV project. It will set the highest standards in design, architecture and construction,” added Durie.