Dubai: Azizi revives Dh250m residential development in Al Furjan

Azizi Developments has relaunched two residential G+11 projects - Azizi Feirouz Residence and Azizi Yasamine Residence - in Al Furjan, a residential development by Nakheel near Palm Jebel Ali. The Dh250million tower developments will have one-, two- and three-bedroom residences with the podium-level units featuring private terraces.

Azizi Feirouz Residence has a plot area of35,587 sq ft and comprises 39 one-bedroom, 40 two-bedroom and 20 three-bedroom units. The 37,339-sq-ft Azizi Yasamine has 39 one-bedroom, 60 two bedroom and ten three-bedroom units. The residences have Boor areas ranging from 937-1,915 sq ft. The buildings also have swimming pools, private parking and gyms.

''We are delighted to announce that we are relaunching our projects, which are escrow compliant,'' said Mohsen Kamel, CEO of Azizi Developments. ''Construction has already started on these two projects and will be completed by the fourth quarter of next year. There was a delay during the economic downturn; however, even during the recession we ensured that financial investments made by customers were returned.

''Azizi Developments has a strategic vision of contributing positively to the UAE residential market by developing mid-income and high end properties with affordable prices.''

The company has also revealed plans to deliver more than 1,200 residential units and 1,600 hotel apartment keys by 2020.

Source: Property Weekly


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