Offering a thoughtfully designed residential building comprising a total built-up area of 157,441.04 square feet
Asico Secures Contract for Prestigious Sama Al Jaddaf Residential Project in Dubai
Dubai, UAE – Asico, a key subsidiary of Al Suwaidi Investment, has been entrusted with the design development and construction supervision of the esteemed Sama Al Jaddaf residential project. This milestone was cemented through a Memorandum of Understanding (MoU) signed between Mr. Abdelkarim Al Sayyar, a distinguished Saudi businessman with a track record of successful ventures, and Mr. Ahmed Mohd Saif Bukhazmia Al Suwaidi, Chairman of Al Suwaidi Investment.
With a total investment of AED 90 million, Sama Al Jaddaf is set to rise in Al Jaddaf, Dubai, a sought-after residential location. The project will feature a meticulously planned structure spanning a total built-up area of 157,441.04 square feet. As the designated developer, Asico will oversee every phase of the design and construction process, ensuring seamless execution and timely delivery. The development will include a ground floor, four parking levels, 12 residential floors, and a rooftop with premium amenities. The project will house 108 residences, including 24 studios, 60 one-bedroom apartments, and 24 two-bedroom apartments. Additionally, the rooftop will be equipped with an outdoor seating area, a semi-Olympic swimming pool measuring 25 metres by 4 metres, and a fully equipped 970-square-foot gym.
Expressing his views on the project, Mr. Ahmed Mohd Saif Bukhazmia Al Suwaidi, Chairman of Al Suwaidi Investment, stated: “Sama Al Jaddaf reflects our dedication to delivering top-tier residential properties in prime locations. This collaboration with Mr. Abdelkarim Al Sayyar is a significant achievement for Al Suwaidi Investment and its subsidiary Asico, further strengthening our contributions to Dubai’s thriving real estate sector.”
Mr. Wail Abualhamail, Director of Real Estate at Asico, added: “We are honored to be leading the design and construction of Sama Al Jaddaf. This project is a testament to Asico’s commitment to innovation and excellence in project management, ensuring that we deliver high-end living spaces that align with the highest industry standards. Sama Al Jaddaf will enhance the appeal of Al Jaddaf, offering residents a contemporary and luxurious lifestyle in a prime location.”
The Sama Al Jaddaf development underscores Asico’s vision of urban transformation, bringing together luxury, sustainability, and cutting-edge design while contributing to Dubai’s progressive real estate landscape.
About Asico
Asico is a premier real estate development and brokerage firm based in Dubai, UAE, specializing in sourcing high-end listings, fostering exclusive developer partnerships, and providing turnkey investment solutions. With an integrated property management division, Asico delivers seamless services for property owners and tenants, ensuring a hassle-free experience. With a deep understanding of the market and a customer-first approach, Asico caters to a broad spectrum of clients, ranging from individual homebuyers to institutional investors.
About Al Suwaidi Investment
Established in the 1990s, Al Suwaidi Investment is a leading Dubai-based investment firm with a diversified portfolio across real estate, hospitality, and other key industries. Renowned for its commitment to excellence and innovation, the company has played an instrumental role in shaping Dubai’s economic landscape. Al Suwaidi Investment’s ventures reflect its core mission of driving growth, fostering strategic partnerships, and delivering exceptional value across various sectors.
