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Azizi unveils $117m mixed-use project in Dubai

Azizi Plaza will encompass a total of 434 units, comprising 286 studios, 46 one-bedroom apartments, and 102 two-bedroom apartments

NEWS, Projects, Affordable construction dubai, Al Furjan, Azizi Developments, Azizi Plaza, Dubai, Investment, Property, Real estate, Residential buildings

Dubai-based developer Azizi Developments unveiled its new project, Azizi Plaza, worth $117m (AED430m) in the Al Furjan district.

The Plaza, a G+2P+12 structure, will encompass residential, commercial and retail space with fully furnished serviced apartments catered towards convenient, affordable luxury living for families.

Farhad Azizi, CEO of Azizi Developments, said: “Azizi Plaza is another project in our line of affordable luxury apartments that have been popular with investors and clients in the past. It has been earmarked as a good time for investment in real estate and we at Azizi Developments hope that investors would place Azizi Plaza at the top of their lists.”

He continued, “Furthermore we are delighted to announce that along with our Azizi Plaza, we will also be offering affordable payment plans that are flexible enough to suit each individual client.”

Scheduled for completion in 2018, Azizi Plaza spans 5,551m2, and will include hotels, outdoor sports facilities, community retail centre, common areas, landscaped gardens, schools, public transport access, private pool, spa, and gym.

The project will encompass a total of 434 units, comprising 286 studios, 46 one-bedroom apartments, and 102 two-bedroom apartments, and a total retail space of 873m2. 

Likewise, Azizi Plaza will proffer a flexible payment plan: 1% down payment to secure the unit and another 4% within 30 days. Subsequently, the plan also requires a 2.5% for the next 10 months and 70% upon handover.

 

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Construction Week - Issue 746
Jul 20, 2019