Dubai: Azizi Orchid Residence at Al Furjan targets mid-income segment

Azizi Developments announced another project at Al Furjan that will feature fully furnished one-to three bedroom apartments targeted at mid-income families. Azizi Orchid Residence will have 99 units featuring contemporary European finishing.

Being built at a cost of Dh140 million, the project seeks to take advantage of a growing demand for more affordable residential property, according to the developer.

Mohsen Kamel, CEO of Azizi Developments, said the project is compliant with Dubai's escrow account regulations and is a good investment opportunity for long-term investors. Buyers can avail of a payment plan wherein half the amount will be paid during construction and the rest on completion.

Kamel said Provident Estate is the sales and marketing agent of the project. Construction work is under way and is expected to be completed by December next year.

The developer earlier launched Azizi Liatris Residence, a Dh180-million project that features furnished apartments, also at Al Furjan.

Source: Property Weekly


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