Azizi Developments, a leading private developer in the UAE, has sold a whopping 81 per cent of its inventory across its 54 ongoing projects in Dubai, as of the third quarter (Q3) of 2019.
This milestone adds to Azizi’s legacy, signifying a strong investor appetite for strategically located, well-connected, carefully designed and reasonably priced residences in Dubai’s high-growth corridors, said a company statement.
Projects such as Aliyah in Dubai Healthcare City and Plaza in Al Furjan have yielded an average of approximately 90 per cent of units sold prior to completion.
Farhad Azizi, CEO of Azizi Developments, said: “All of our developments are tailored and direct responses to carefully researched, contemporary market trends and needs, as our remarkably high ratio of units sold prior to completion underlines.”
“This percentage is also a testament to the importance that we assign to our customers’ best interest – they are the very core of our business and the reason Azizi Developments is what it is today. This entails not only making sure that their purchasing experience with us is outstanding, but more importantly, ensuring that their properties are differentiated, add real value and represent investor-friendliness. A happy customer is the best marketing and sales tool one can imagine - word of mouth through customer satisfaction is the greatest force behind client acquisition and retention.
“We are committed to our mission of enriching lifestyles through our elegantly designed world-class homes and communities. We intend to become the real estate developer of choice for the new generation, working hand-in-hand with our stakeholders in Dubai and beyond to continuously innovate, enhance our offers, and catalyse the vision and development of this extraordinary emirate,” he added.
Azizi has sold over 12,000 units to a very diverse customer base comprising more than 100 nationalities, effectively driving Foreign Direct Investment into the emirate and developing homes for thousands of happy families.
To date, Azizi has delivered 14 projects across Palm Jumeirah, Dubai Healthcare City and Al Furjan, valued at a total of over Dh2.5 billion ($680 million). In addition to its 54 ongoing projects that are to be delivered between 2020 and 2023, the developer also has an extensive, well-positioned land bank with optional extensions through its long-standing partnerships with key master developers.
Azizi has another100+ projects in planning that are projected to be delivered between 2023 and 2025. The developer’s portfolio comprises projects across MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali. – TradeArabia News Service
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