Azizi Developments unveils $117m project in Al Furjan, Dubai
Residential units in the mixed-use Azizi Plaza project to offer ‘affordable luxury’, developer says
Azizi Developments, the UAE-based real estate developer, has announced its newest project, Azizi Plaza, in the district of Al Furjan.
Built as a B+G+2P+12 structure, Azizi Plaza is a $117 million mixed-use project that will contain residential, commercial and retail spaces. Fully furnished serviced apartments will also be available within the project.
“Azizi Plaza is another project in our line of ‘affordable luxury’ apartments that have been popular with investors and clients in the past. It has been earmarked as a good time for investment in real estate and we at Azizi Developments hope that investors would place Azizi Plaza at the top of their lists,” said Farhad Azizi, CEO of Azizi Developments.
Azizi added that the developer will offer affordable payment plans to clients for the project.
“We will also be offering affordable payment plans that are flexible enough to suit each individual client. We value our client’s comfort and we have even developed an in-house renting option so that potential investors never have to worry about renting out their investments,” he added.
Scheduled for completion in 2018, the Azizi Plaza project will cover 5,551.89sqm and is valued at $117 million. The development will house hotels, outdoor sports facilities, a community retail centre, common areas and landscaped gardens. Schools, public transport access, and a private pool, spa and gym will also form part of the amenities on-site.
In total, The Plaza will contain a total of 434 units – 286 studios, 46 one-bedroom apartments and 102 two-bedroom apartments. The total retail space will be 873.29sqm.
The flexible payment plan offered will require a 1% down payment to secure the unit, with another 4% scheduled to be paid within 30 days. Subsequently, the plan requires a 2.5% payment for the next 10 months, and 70% upon handover.
