(MENAFN- Mid-East.Info)
Dubai, United Arab Emirates: Azizi Developments, a leading private real estate developer in the UAE, has announced the complete sale of its Creek Views I development located in Dubai Healthcare City. The project has been sold to over 47 nationalities, following Azizi's efforts to attract foreign investment. UAE nationals represent the biggest buyer group with 20%, followed by investors from India (14%), Pakistan (7%), Saudi Arabia (6%), the United Kingdom (5%), Canada (4%), and the United States of America (3%). European buyers represent a total of 10% of all buyers.
The development is now 76% complete and is scheduled to be handed over by the end of the year, with 100 per cent of both its structure and blockwork already being done. Internal plastering is currently at 99 per cent, while the tiling, HVAC and MEP works are now 82 per cent, 26 per cent and 37 per cent respectively.
Creek Views I is home to 634 units that comprise 396 studios, 218 one-bedroom flats, and 20 two-bedroom units, as well as 33,341 square feet of premium retail space.
Commenting on this significant milestone, Mr Farhad Azizi, Chief Executive Officer at Azizi Developments, said: “It comes as no surprise to us that this stunning project, with its exceptional location, amenities and build quality, has sold out this rapidly. It is a testament to our customer-centric commitment to the high-quality development of world-class residences, embedded in only the best communities, and to our timely project delivery. Dubai Healthcare City, as a unique and well-connected residential destination, is seeing a significant increase in investors, representing a highly growth-inclined location that showcases Dubai’s progressive, fast-paced nature and advancements. We are investing substantial amounts in attracting not just local, but also foreign investment to Dubai, and are delighted that these efforts are paying off and supporting the growth of the sector and the emirate as a whole.”
Overlooking Dubai Healthcare City, Creek Views I boasts stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline. Situated on Al Khail Road, 7 minutes away from Dubai International Airport, 8 minutes from Dubai Mall and 9 minutes from Business Bay and DIFC, the development has all major business, leisure and retail hubs in its vicinity.
Positioned as the epicentre of the future, merging views of both the old and new Dubai, Creek Views I represents the city's remarkable transition from a traditional, iconic past to a contemporary, reinvented future. Built to offer modern luxury at its finest, Creek Views I will feature an all-inclusive health club comprising a swimming pool, a fully equipped gym, a sauna, a steam room, as well as a serene outdoor yoga space.
Creek Views I is one of 46 projects constituting over 10,000 units and more than 11,204,623 square feet of built-up area that Azizi Developments plans to hand over in 2021.
About Azizi Developments :
Azizi Developments is a leading developer based in Dubai, UAE. With thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi's residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.
Azizi currently has approximately 100 ongoing projects that are to be delivered between 2020 and 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai's key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
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