Azizi Developments opens sales office in India
Azizi Developments has announced the opening of its first sales office in India as sales begin for its $3.2bn (AED12bn) Azizi Riviera project
Azizi Developments has announced the opening of its first international office as sales begin for the $3.2bn (AED12bn) Azizi Riviera project.
Located in Chennai, the office will meet the demand from Indian buyers and investors looking for real estate exposure in Dubai to counter burgeoning property prices in India.
Farhad Azizi, CEO of Azizi Developments, said: “We have been encouraged by the positive response from Indian investors who are looking for attractive residential options in the city of Dubai.
“As for all property developers in the UAE, India is a key focus market for us since clients from the country are very familiar with the UAE market and remain one of its biggest investors.”
Azizi Riviera includes 69 mid-rise residential buildings of 13,000 units of one-, two-, and studio apartments, as well as a retail district and a four and a five-star hotel. The project is located in Mohammed Bin Rashid Al Maktoum City within the Meydan One project.
The property developer recently announced a partnership with Dubai Land Department to promote Dubai as an attractive location for local and international investors by carrying out roadshows in overseas markets, including India.