Azizi records sell-out response

Business Bureau, Gulf Today

Azizi Developments, one of the leading private developers in the UAE, has recorded a sell-out response to its highly sought-after 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. Farhad Azizi, CEO of Azizi Developments, commented: “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 vicinity 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 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. Azizi Developments is the real estate investment arm of Azizi Group, which was established in 1989. The company’s diverse experience in the international property market has enabled it to expand to include a portfolio worth over Dhs45billion in Dubai, with more than 200 projects under various stages of development.