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Azizi Developments, a fast growing Dubai-based real estate developer operating in the UAE for over a decade, announced the completion of Azizi Royal Bay, a luxury residential property project at Palm Jumeirah in a short span of 22 months. This makes it the sixth project to be delivered by the developer.

The delivery of the AED350million Azizi Royal Bay project marks yet another step in Azizi Developments’ track record of completed projects on schedule. Since the start of the year, the property developer demonstrated a faster pace of completed projects, with handovers of 1,000 units in Dubai. The developer is expected to hand over five more projects for the remainder of the year and 80 projects before 2020, including the AED12billion Azizi Riviera development in Meydan One.

Azizi Royal Bay comprises 90 stylishly designed serviced apartments including 58 one-bedroom, 30 two-bedroom and two 3-bedroom penthouses. The interiors blend contemporary architecture with state-of-the-art European fittings and appliances. Angled at 45 degrees with spectacular views of the city’s skyline, the Atlantis Hotel and the Arabian Gulf, the fully-serviced residential apartments provide direct access to a private beach.

Apartments range from between 802 sq ft to 1,638 sq ft and prices start at approximately AED2.2million and go up to AED4.5million.

Farhad Azizi, CEO, Azizi Developments said: “We are very excited to hand over yet another project in Dubai and this reflects our capabilities to deliver our properties on time. The remainder of the year will see us delivering more projects. Construction work is underway in a number of our projects across prime locations in Dubai and, in the run up to Expo 2020, the next few years are a critical period for us.”

Azizi Royal Bay is also very strategically located and is never too far from the best retail, F&B and entertainment options on The Palm, including The Atlantis, Aquaventure Waterpark and Dolphin Bay, while residents will also have access to the Palm Monorail that connects the Atlantis to the Al Ittihad Park Station.

Furthermore, expansive windows and functional areas create spacious and airy living spaces in one of Dubai’s most sought after neighbourhoods.

 “Serviced residences are an important part of the real estate landscape in Dubai as they supplement the demand for space. With Dubai’s emergence as a regional hub for business, tourism and world-class events such as the Expo 2020, we are confident that the demand for international-level serviced apartments will only grow in the future,” Azizi added.

Azizi Developments is a construction-driven company with over 100 projects in the pipeline across Dubai. Additionally, Azizi Developments continues to offer the best community living experience for customers, and is increasingly focusing on creating urban neighbourhoods supported by investments in developing signature communities with distinct identities.

 

About Azizi Developments

Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has led the value of its current portfolio in the emirate to AED18billion and more than 100 projects at various stages of development.

In 2016, Azizi Developments was awarded ‘Developer of the Year’ and has been instrumental in developing some of the finest properties in The Palm Jumeirah, Meydan, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Jebel Ali.

 

Source: BPG Cohn & Wolfe