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Ground breaks on Azizi Developments’ Avenue project

Located in Dubai’s MBR City, the three-building community will be developed at a cost of $81.6m

Ground has broken on Azizi Development's Avenue project
Azizi Developments
Ground has broken on Azizi Development's Avenue project

Construction has started on Azizi Developments’ latest residential project – Avenue – which is a three-building community located in Dubai’s Mohammed bin Rashid City (MBR City).

Worth a total of $81.6m (AED 300m), the three building community comprises a total of 427 units: Park Avenue I, which will feature 89 one-bedroom and 7 two-bedroom units, Park Avenue II with 30 one-bedroom and 115 two-bedroom apartments, and Park Avenue III, which will comprise 160 one-bedroom and 26 two-bedroom homes.

Azizi Development marked the groundbreaking with a ceremony in the presence of Mirwais Azizi, founder and chairman of Azizi Developments, and Farhad Azizi, CEO of Azizi Developments.

Commenting on ground breaking at the residential project, Mirwais Azizi said: “With the first two phases of our flagship project in MBR City, Riviera, having received such an extraordinary investor response and almost being sold out, launching the Avenue community is our response to the remarkable, increasing demand for this very up-and-coming part of Dubai.”

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Construction Week - Issue 767
Sep 01, 2020