Azizi launches another Al Furjan project

$38mn Azizi.Orchid project will contain 99 new apartments

Azizi Orchard Residence.
Azizi Orchard Residence.

Azizi Developments has announced the launch of a second project in the Al Furjan area within seven days.

The firm, which claims to be the biggest in the Al Furjan area after the project's master developer, Nakheel, has launched the Azizi.Orchid Residence project with a value of $38.1mn (AED140mn).

It will contain 99 one-, two- and three-bed apartments. Construction work has already started on site and the project is expected to complete by December 2015.

Azizi Developments CEO Mohsen Kamel said the units would be fully furnished and completed as ready for occupancy, and that it was targeting mid-income buyers and institutional investors.

It has introduced a payment plan for the units, with 50% being paid during construction and the remainder on completion.

The firm also appointed local agency Provident Estate to handle sales of the units.

Last week, Azizi Developments launched the $49mn Azizi Liatris project, which is also in Al Furjan.

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