The Dubai-based MAG Group has agreed to form a joint venture with Dubai Healthcare City to develop a Dh800 million project that will house two hospitals, hotel apartments and residential and retail complexes.
The development will also include a mosque and an automated car park.
The announcement follows November’s decision to introduce mandatory health insurance in Dubai, and is expected to add tens of thousands of new customers to insurers’ rolls.
Private inpatient and outpatient facilities accounted for a majority of visits in 2011, according to a release from MAG.
Inpatient visits to private clinics in Dubai grew by 18 per cent from 2006 to 2011, while inpatient visits overall grew 9 per cent, meaning that more inpatients are choosing private rather than public clinics.
“The healthcare sector in Dubai is on the cusp of a sustained period of growth and will need to build medical facilities for the future,” said Moafaq Al Gaddah, MAG’s chairman.
The project is expected to be completed by the end of 2016.
abouyamourn@thenational.ae
