Azizi reveals fourth Furjan project in four months
The $50.4mn Azizi.Aster will contain 128 apartments, complete in 2017
Azizi Developments has announced the launch of a new project in the Al Furjan area of Dubai - its fourth in as many months.
The $50.4mn (AED185mn) Azizi.Aster project will contain 128 apartments ranging in size from one to three bedrooms. It will also have a podium containing a swimming pool, kids' pool, fitness club and a sauna and steam room.
Construction work on the project has already started, the company said, with SS Lootah as main contractor. Completion is planned for the first half of 2017. Azizi.Aster follows on from the recent launch of the developer's Iris, Liatris and Orchard projects.
The company says it is the biggest sub-developer within the Al Furjan area, which is owned by master developer Nakheel. It recently announced plans to build 1mn ft2 of property in the area, where it now has a total of seven projects.
The company's CEO, Mohsen Kamel, said: “Demand for stylishly designed apartments in Al Furjan continues to be strong, led by its appeal as a popular upcoming destination. Homes in Al Furjan will appeal to investors as it provides them a sought-after address in the heart of the emirate”.