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| 13 November, 2017

Azizi Developments on Course to Complete AED350Mn Azizi Aliyah Project in Dubai Healthcare City

Once completed, the AED350million project will offer a total of 346 serviced residences with 191 studios, 135 one-bedroom apartments and 20 two-bedroom

Azizi Developments on Course to Complete AED350Mn Azizi Aliyah Project in Dubai Healthcare City

Developer strengthens portfolio of serviced apartments in Dubai

Dubai: Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, has announced that Azizi Aliyah Residences, one of its first major projects in Dubai Healthcare City, is on track to be completed in Q3 2018.

Once completed, the AED350million project will offer a total of 346 serviced residences with 191 studios, 135 one-bedroom apartments and 20 two-bedroom apartments along with upscale retail space of 16,000 sq. ft.

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Farhad Azizi, CEO of Azizi Developments, said: “Azizi Aliyah Residences was our first project launched in Dubai Healthcare City, one of the most sought-after locations in Dubai, and we are pleased to be on track to completing this luxurious project of serviced residences in the next year.”

Azizi Aliyah Residences is a tastefully-planned community, located near major attractions in Dubai, including Dubai Creek Harbour, Downtown Dubai, Dubai Mall, Dubai Festival City and Zabeel Park. Residents will enjoy panoramic views of the city, leisure activities, family amenities and the finest healthcare facilities.

In addition to easy access to a number of key Dubai landmarks, Azizi Aliyah Residences will be surrounded by green spaces and some of the best healthcare facilities in the world, making it a very convenient location for families and working professionals.

Azizi Developments has been witnessing growing demand for serviced residences in key locations across Dubai – which is why the company continues to expand its portfolio to meet existing and expected demand. The developer’s other serviced apartment projects include the delivered Royal Bay, and Mina by Azizi on the Palm Jumeirah, which it expects to complete in 2018, and further projects in Al Furjan.

Since the start of the year, Azizi Developments has demonstrated a faster pace of developing projects across the city. The largest development includes the AED12billion Azizi Riviera project in Meydan One, in addition to other projects in Dubai Healthcare City, Palm Jumeirah, Al Furjan and Jebel Ali.

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About Azizi Developments

Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has led the value of its current portfolio in the emirate to AED20billion and more than 100 projects at various stages of development.

Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for two consecutive years in 2016 and 2017, and has been instrumental in developing some of the finest properties in The Palm Jumeirah, Meydan, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Jebel Ali.

For further information about Azizi Developments, please contact:
Ahmad Ibrahim - Head of Marketing and Communication
Marketing and Communication Department, Azizi Developments
Tel: +971 50 228 1043
Email: ahmad.ibrahim@azizidevelopments.com

Mara Carpencu/Siddhi Sainani
BPG Cohn & Wolfe
Tel: +971 4 506 5563 / +971 4 506 5582
Email: Mara@bpgcohnwolfe.com / Siddhi@bpgcohnwolfe.com

© Press Release 2017