Dubai – MENA Herald: Dubai Healthcare City Authority today announced a joint venture with Nshama, a private developer of smart integrated communities, to establish a mixed-use development in Dubai Healthcare City’s Phase 2 wellness expansion project at Al Jadaf Dubai, parallel to Al Garhoud Bridge.
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 agreement will deliver an integrated community, named Al Fursan, comprising premium apartments, serviced residences, 4- and 5-star hotels, and retail and leisure features, spread over approximately 2.9 million square feet of Dubai Healthcare City’s Phase 2 expansion project.
Dubai-based Nshama develops elegantly masterplanned neighbourhoods that are smart, interconnected and sustainable.
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; Fred Durie, Chief Executive Officer, Nshama; and senior officials from Nshama and Dubai Healthcare City.
The partnership with Nshama demonstrates Dubai Healthcare City’s commitment to sustainable urban planning and the importance of bringing together interdisciplinary stakeholders to ensure long-term growth, said Her Excellency Dr Raja Al Gurg, Vice-Chairperson and Executive Director of Dubai Healthcare City Authority.
“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 Dr 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.