Swiss Property has signed an agreement to develop wellness residences for Phase 2 of Dubai Healthcare City (DHCC) in the UAE.
The new project, known as La Reserve Residences, will be located in Al Jaddaf. It will overlook Dubai Creek, Ras Al Khor Wildlife Sanctuary, and the widest stretch of Dubai Water Canal.
La Reserve Residences will be jointly developed by DHCC and Swiss Property. The project has been designed to complement the residential cluster of DHCC’s Phase 2, which, ultimately, will accommodate more than 25,000 residents and workers.
Bader Saeed Hareb, chief executive officer of Dubai Healthcare City Investments, said: “We are pleased to partner with Swiss Property, and to work together to tap into the wellness lifestyle real estate [sector], one of the fastest-growing global wellness markets.
“In creating a world-class health and wellness destination, DHCC believes that a residential cluster is important to enhance the wellness experience and make the destination liveable. DHCC’s focus is on long-term value creation for our partners in the DHCC community, and for future residents who will call our wellness expansion their home.”
Karim Adi, CEO of Swiss Property, added: “We believe healthy living can be nurtured by integrating active design concepts and making physical exercise a natural part of our everyday life.
“We support DHCC’s focus on wellness and are delighted to work [together] to develop a community that addresses today’s lifestyle challenges and enables residents to enjoy an elevated quality of life.”
La Reserve Residences will comprise 230 units, ranging from one- to four-bedroom simplex and duplex apartments. The project will feature open terraces, outdoor activity areas and pedestrian trails, running tracks, pools, gyms, and recreational greens.
The development is expected to complete by the end of 2019.