Gulf Construction Online - Hot demand for Azizi’s Al Furjan properties

Real Estate

Azizi Developments’ properties in Al Furjan... sold out.

Hot demand for Azizi’s Al Furjan properties

01 July 2019

Azizi Developments, one of the leading private developers in the UAE, has recorded a sell-out response to its key properties in Al Furjan, Dubai’s high-growth corridor with superb connectivity to the entire city.

The developer announced that all residences in 10 of its Al Furjan buildings have been sold out, with only some recently-released unit types still being available in the remaining buildings.

This underlines UAE-based and international investors’ high demand for affordable premium homes with excellent connectivity.

Azizi Aliyah ... handover of homes has commenced.

CEO Farhad Azizi says: “Al Furjan is undoubtedly becoming one of the most desirable addresses in the emirate, signified by rental prices already being on the rise. Our research finds that location remains the single most important factor to our customers – it has an incredibly profound impact not only on residential lifestyle, but also on rental yields and value appreciation.

“We are proud to have 22 developments in this blossoming area, with many more to come.”

The defining feature of Al Furjan is its spectacular location. With the new Route 2020 metro line now being complete, and its proximity to some of the city’s most popular business, leisure and retail hubs, Al Furjan is an up-and-coming location, ideal for families and young professionals alike, the developer says.

The community boasts direct access to Sheikh Mohammed bin Zayed Road and is only minutes away from Dubai Marina, JBR, Dubai Eye, Al Maktoum International Airport and Dubai Expo 2020 site.

Meanwhile, Azizi Developments is celebrating the on-schedule completion of Azizi Aliyah, an elegantly designed, Dh470-million ($128 million) residential high-rise in the heart of Dubai Healthcare City.

The building completion certificate was handed over to the developer by local authorities, thus marking the commencement of the handover of homes.

CEO Farhad Azizi says: “The timely completion of this exceptional development is a noteworthy milestone, not only for Azizi and its customers but also for the city of Dubai as a whole.”

Azizi Aliyah features 346 residences, comprising 191 studios as well as 135 one- and 20 two-bedroom units, in addition to 16,000 sq ft of premium retail space.

Built on the concept of maximising terrace space through staggered slabs and unroofed balconies, the uniquely designed, 16-storey building overlooks the surrounding Healthcare City area that encompasses the Dubai Creek and a stunning skyline.

Situated on Al Khail Road, 15 minutes from Dubai International Airport, and in proximity to all major business, leisure and retail hubs, hospitals, and Wafi Mall, this development delivers on consumer demand for residential buildings in this highly sought-after area.

Since its launch, Azizi Aliyah has recorded a strong response from customers for its strategic location and the easy access to upscale amenities and family-oriented activities.

Azizi Developments follows a construction-focused approach, driven by its commitment to quality and timely project delivery.

In 2019, marked as the ‘Year of Construction,’ the developer is making dedicated efforts to ensuring the swift construction and completion of its launched projects. This is being accomplished through the careful selection of and close collaboration with contractors, coupled with the announcement of realistic completion dates. With delivering on its promises to customers being Azizi Developments’ priority, 2019 will be defined by rapid progress in construction and on-schedule handover.