Azizi’s Park Avenue II set for Q2 handover

The structure is now 94% ready and the workforce has been augmented to boost delivery timings, the developer said

UAE-based Azizi Developments has announced that work is rapidly progressing on its premium project, Park Avenue II, a residential community in Mohammed Bin Rashid City, Dubai. The developer said that it is on track for handover in Q2 of this year.

Park Avenue comprises three buildings with 372 residential and 29 retail units, with each building having its own fully equipped gym and swimming pool.

Sharing a project update, Azizi said that steady progress is being made on the second building, with its structure now 94% ready and overall construction work standing at 51% complete. While the blockwork is fully complete, the internal plaster work is in its final stages, the developer said.

In early January 2023, Azizi said it would deliver 11,000 units in Dubai in 2023 and, later in the month, it said that it would develop a $5.4bn Dubai South project.

The developer added that it had augmented its workforce on the project to 660, in a bid to accelerate construction.

Azizi CEO, Farhad Azizi, said: “We are thrilled with the rapid progress we are making with Park Avenue II and are looking forward to its handover in Q2 2023. With only the finest quality of building materials having been procured and only the most reliable contractors being appointed, we have managed to speed up the construction and exceed the needs and expectations of our esteemed investors and end-users.”

He concluded, “Moreover, with the distinguished and contemporary lifestyle the project offers, it has attracted strong demand from local and international investors, who we are confident will be excited and impressed with its outstanding quality.”

In late January 2023, Azizi said that its Park Avenue I project was 58% complete.


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