Azizi Developments achieves over 86% completion of Farishta Azizi in Al Furjan

Farishta Azizi stands to yield investors substantial returns, with rental prices on the rise in the up-and-coming lifestyle hub

  
Azizi Developments achieves over 86% completion of Farishta Azizi in Al Furjan
  • Al Furjan offers residents easy access to major business and leisure attractions in the city

Dubai: Azizi Developments, one of the leading private developers in the UAE, completed more than 86% of the construction and 60% of the external works of Farishta Azizi, one of the most sought-after residential properties and part of the impressive lineup of Azizi Developments’ 20 projects in Al Furjan.

On schedule for completion in Q2 of 2019, the final finishes are underway, including the installation of wardrobes, kitchen cabinets, sanitary fixtures, and final mechanical, electrical and plumbing fixing work. Additionally, more than 85% of the façade work is completed, while work on the second fix of the mechanical-electrical and plumbing is at 95%.

Farishta Azizi is one of Al Furjan’s most popular residential developments, comprising 284 elegantly designed residences in a mix of 137 studio, 124 one-bedroom, and 15 two-bedroom apartments as well as eight spacious penthouses.

Farhad Azizi, CEO of Azizi Developments, said: “Farishta Azizi, a flagship residential building in the up-and-coming Al Furjan, has gained strong customer response. With over 1,800 residences already handed over in Al Furjan, Farishta Azizi owners will move into an established community with a vast array of lifestyle amenities. We are committed to the on-schedule delivery of homes, reflected in the rapid pace of construction.”

Assuring a strong return on investment through growing rental yields, Farishta Azizi is located in the high-growth corridor of Dubai and enjoys easy access to the Expo 2020 site, Ibn Battuta Mall, and Discovery Gardens, among many other points of interest. With reports of over 25 million anticipated visitors to Dubai set to catalyse real estate growth in the build-up to Expo 2020, Faristha’s prime location sets it apart as one of the most lucrative developments in Dubai.

Farishta Azizi has a retail precinct of over 7,200 sq. ft and is located between Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road. It will become part of the highly connected Al Furjan mega-development, offering easy access to all the business and leisure attractions in the city.

Adding to the convenience of the residents is the new metro line ‘Route 2020,’ currently under construction for Expo 2020 Dubai that enjoys proximity all of Azizi Developments 20 projects across Al Furjan. Moreover, a wide range of retail, leisure, and lifestyle attractions are available within the Al Furjan Pavilion, in addition to landscaped gardens that add to its serene surroundings.

In line with its Year of Construction, Azizi Developments deployed a full force of contracting teams to ensure 100 % completion as per the delivery schedule. Working closely with contractors on every project, Azizi Developments focusses on handing over its projects as per the initial schedule and, through careful planning, strives to announce completion dates as realistically as possible.

-Ends-

About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group, which was established in 1989. The company’s diverse experience in the international property market has enabled it to expand to include a portfolio worth over AED45billion in Dubai, with more than 200 projects under various stages of development.

Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for three consecutive years in 2016, 2017 and 2018. The company is a keen advocate of the UAE Vision 2021 and has been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations and Communications
M: +971 55 867 3606
Email: tizian.raab@azizidevelopments.com 

© Press Release 2019

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