Real-estate company Asico, a subsidiary of Al Suwaidi Investment, has secured a contract to design and oversee the construction of the Sama Al Jaddaf residential project in Al Jaddaf, Dubai, United Arab Emirates.
The agreement was established through a memorandum of understanding signed by project owner and Saudi businessperson Abdelkarim Al Sayyar and Ahmed Mohd Saif Bukhazmia Al Suwaidi, chair of Al Suwaidi Investment, according to a press release posted on Zawya.
The project will be developed with an investment of Dh90m ($24.5m) and will have a total built-up area of 157,441ft².
Ahmed Mohd Saif Bukhazmia Al Suwaidi said: “Sama Al Jaddaf represents our unwavering commitment to delivering high-quality residential developments in prime locations. This collaboration with Mr Abdelkarim Al Sayyar marks another milestone for Al Suwaidi Investment and its subsidiary Asico as we continue to contribute to Dubai’s real-estate landscape.”
Asico, as the project developer, will manage all design and construction aspects.
The Sama Al Jaddaf development will include 12 residential floors and a rooftop with ‘luxurious’ amenities.
The building will feature 108 residential units, including 24 studios, 60 one-bedroom apartments, and 24 two-bedroom apartments.
The rooftop will comprise an outdoor lounge, a 25m-long and 4m-wide semi-Olympic swimming pool, and a 970ft² gym.
Asico real-estate director Wail Abualhamail said: “We are proud to be entrusted with the management of the design and construction of Sama Al Jaddaf. This project reflects Asico’s commitment to combining innovative design with top-tier project management, creating properties that meet the highest standards.
“Sama Al Jaddaf will enhance the residential appeal of Al Jaddaf, offering a modern lifestyle in a prime location.”
