Azizi Developments sells remaining nearly-50% of Park Avenue...| MENAFN.COM

Sunday, 27 November 2022 09:37 GMT

Azizi Developments sells remaining nearly-50% of Park Avenue I in just 1 week


(MENAFN- Mid-East.Info)

50% of the inventory had sold in just one month, and the remaining almost-50% in less than a week, with only 3 unreleased units left

Dubai, United Arab Emirates: Azizi Developments, a leading private developer in the UAE, sold out the remaining almost-50% of its prestigious Park Avenue I projects in MBR City in less than a week, with only three unreleased units left.

Park Avenue comprises three buildings with 372 residential and 29 retail units, with each of the buildings having its own fully equipped gym and swimming pool. Work is progressing swiftly, with the structure of Park Avenue I now being 66% complete, and Park Avenue II and III's structures being at 77% and 79% respectively. The workforce was also recently increased to 280 to further accelerate construction.

As part of the announcement, Mr Farhad Azizi, CEO of Azizi Developments, said:“Park Avenue selling out so swiftly is a testament to our customer centricity, build quality, and the lifestyles that our developments shape for our investors and end users, as well as to the many merits of the awe-inspiring emirate of Dubai. We are delighted to see this world-class project being in such great demand among both local and foreign investors, with the value it adds as a well-connected, comfortable, and luxurious community being unique. It excites us to know that every additional sale is a result of the hard work that we, and all of our diligent stakeholders, are putting in. We now only have 3 units left – some of the very best, that we have saved for last.”

Built around the concept of connected serenity, Azizi's Park Avenue project is the epitome of a strategic, easily accessible, and convenient location that is its own little getaway within the city. Surrounded by greenery and within proximity to Azizi's French Mediterranean-inspired master-planned community, Riviera, the upcoming Meydan One Mall, the Meydan Grandstand, The Track, and only a 10-minute-drive to Dubai Mall and Downtown Dubai, these contemporary homes are ideally located for those wanting access to some of the city's most vibrant points of interest while also being able to bask in the tranquillity of their own community with panoramic views of Dubai's skyline. 

Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.

About Azizi Developments

Azizi Developments is a leading developer based in Dubai, UAE. With tens of 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 by 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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