Azizi Developments, another one of the esteemed UAE-based private real estate developers, announced the sale of 99% of all the units in its latest residential project, Azizi Neila, located in Al Furjan. This accomplishment denotes the remarkable demand for splendid quality allied with the location of the property within the UAE real estate sector. The Project has attracted investors from 31 different nationalities, notably indicating that it is immensely attractable.
PC: Construction Week Online
The greatest number of buyers one can think of, therefore, to be Emiratis would be only 20% on a total scale of sales. Then comes the majority of buyers, who made it 45%, comprising investors from the Western and European places, namely, the UK, US, and Canada. The ownership mostly held by investors from South Asia constituted 25%, while a mere 9% is from the MENA region, primarily originating from Egypt and Jordan. This rich, diversified blend of investors is an illustration indicating the emerging premium attractiveness of Al Furjan.
Farhad Azizi, Group CEO Azizi Developments, said to be overwhelmed with how fast the project has taken off, and emphasized how in-demand properties have been in Al Furjan. He further ascribed the staggering sales of Neila to its modern and family-oriented design, and blamed it on the ongoing commitment of the company of developing lifestyle-endorsed, well-connected residences. He additionally said that very few prime units still remain; this being, the company has its eyes on their release. Azizi Developments continues to set new benchmarks in a dynamic real estate field and consolidates its position in the market.
In Azizi Neila, residents are indeed blessed with a nice blend of urban living and tranquility within the bustling Al Furjan community. The development showcases opulent studio and one-bedroom apartments, catering to select residents, be it young professionals or a small family. Additional variety exists in the project, punching up the already invisible lifestyle and ratio levels which may make living a bit more convenient and cut from the shell.
Strategically situated, Azizi Neila provides easy access to Dubai metro line and main highways, ensuring convenient travel within the city. Major shopping centres such as Ibn Battuta Mall and Dubai Marina Mall, which house a varied mix of retail, dining, and entertainment options, are also within easy reach of the property. In addition, due to the proximity of key commercial districts in Dubai, including Media City, Internet City, and Expo City Dubai, the development is attractive to working professionals seeking to balance their careers with a more fulfilling lifestyle.
As the demand for high-quality residential developments continues to rise in Dubai, Azizi Developments remains committed to planning premium projects that will meet investors’ and end-users’ needs. With Azizi Neila close to being sold out, the company will offer more property options to the market.
For prospective buyers and investors interested in the remaining units, Azizi Developments’ Sales Gallery will be open for visits on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
