Azizi relaunches residential projects worth $68mn
Yasamine and Feirouz located in Al Furjan, Dubai
Azizi Developments, a sister firm of Azizi Investment, has successfully relaunched its two residential G+11 projects, Yasamine and Feirouz, in Al Furjan, a residential property development by Nakheel near the Palm in Jebel Ali.
Worth a combined AED250mn ($68mn), the projects are aimed at providing prospective residents a contemporary living space which is equipped with modern amenities and facilities.
Mohsen Kamel, CEO of Azizi Developments, said: “We are delighted to announce that we are relaunching our projects, which are escrow compliant, in Dubai. The construction has already been started on these two projects and will be completed by the 4th quarter of 2015.
"Our decision to relaunched Al Furjan projects within the UAE is timely and apt, given the tremendous growth and equally potential returns any one person or organisation can gain from investing in this growing market."
Azizi Development has also planned to developed another 18 plots comprises of residential and hotel apartments in Al Furjan and Palm Jumeirah.
Mohsen said that Azizi Developments has a strategic vision of developing mid income and high end properties. He added that the company has planned to deliver more than 1,200 residential units and 1,600 hotel apartment keys till 2020.