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Fri 3 Jun 2016 09:55 AM

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UAE's Thumbay plans $163m healthcare, residential projects

Company says its construction unit has been tasked with expansion plans across the UAE

UAE's Thumbay plans $163m healthcare, residential projects
Doctor, Healthcare

Dubai-based Thumbay Group has announced that its construction subsidiary will build several major healthcare and residential projects in the UAE valued at AED600 million ($163.3 million).

The deal with Thumbay Builders will see the parent company add to facilities at its Gulf Medical University (GMU) and expand its healthcare facilities.

The total area of the projects add up to around 1.4 million sq ft, the company said in a statement.

It added that the upcoming projects include a Thumbay Hospital with 300-plus beds, a dental hospital with 60 chairs and a rehabilitation centre - all expected to be completed with 15 months.

The hospital, once complete, will be the biggest private academic hospital in the Middle East region, Thumbay said.

Thumbay Moideen, founder president of Thumbay Group, said: "With these projects, Thumbay Group will cement its position as the largest private academic healthcare provider in the region."

Thumbay said it is also planning a project which includes a hotel and separate hostels for boys and girls and staff accommodation which is expected to be complete in two years.

The housing project will provide campus living facilities for students and faculty of GMU, and it will have studio, one-bedroom and two-bedroom furnished apartments.

An office tower and a hospitality project incorporating The Terrace Restaurant, Body & Soul Health Club & Spa and Blends & Brews Coffee Shoppe are also in the pipeline for the GMU campus, the statement said.

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