Azizi delivers two projects worth $125m in Dubai's Al Furjan
Azizi Developments has completed two serviced apartment projects in Dubai’s Al Furjan community worth a collective $125m (AED460m) over a span of 20 months
Azizi Developments has completed two serviced apartment projects in Dubai’s Al Furjan community worth a collective $125m (AED460m) over a span of 20 months.
The properties include the $65m (AED240m) Candace Acacia Serviced Residences by Azizi, which includes 316 units of studio and one-bedroom apartments, spanning a construction area of 31,145m2, the developer said in a statement.
The second property, the $60m (AED220m) Candace Aster Serviced Residences by Azizi, will include 227 units of studios and one-bedrooms, spread over a construction area of 24,132m2.
Farhad Azizi, CEO of Azizi Developments, said: “Candace Acacia and Candace Aster were conceptualised to meet the growing demand for premium living spaces in Al Furjan.
“Serviced apartments are an important category for Azizi Developments and one that we will aggressively tap into in the coming years in emerging residential neighbourhoods in Dubai.
“In this regard, we have seen that Al Furjan is emerging as a premier residential real estate destination in Dubai, offering a comfortable community lifestyle to residents.”
Al Furjan is one of Dubai’s fastest growing residential neighbourhoods, with easy access to Ibn Battuta Mall, Jebel Ali Free Zone, and the Expo 2020 site.
Aziz Developments has delivered more than 800 units across eight projects in Al Furjan over the last three years.
The developer is expected to complete a further nine projects in the area before 2020.