We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 18 Jan 2020 12:48 AM

Font Size

- Aa +

Developer Azizi says 81% of its Dubai homes sold off-plan

More than 12,000 units have so far been sold to a customer base comprising more than 100 nationalities prior to completion

Developer Azizi says 81% of its Dubai homes sold off-plan

Projects such as Aliyah in Dubai Healthcare City (pictured) and Plaza in Al Furjan have yielded an average of approximately 90 percent of units sold prior to completion.

Azizi Developments has revealed that it has sold 81 percent of its inventory across its 54 ongoing projects in Dubai.

The figure, correct as of the end of the third quarter of 2019, signifies a strong investor appetite for reasonably priced residences in Dubai’s high-growth corridors, the UAE-based developer said in a statement.

It added that projects such as Aliyah in Dubai Healthcare City and Plaza in Al Furjan have yielded an average of approximately 90 percent of units sold prior to completion.

Azizi said it has sold over 12,000 units to a customer base comprising more than 100 nationalities.

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... 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."

He added: “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."

To date, Azizi has delivered 14 projects across Palm Jumeirah, Dubai Healthcare City and Al Furjan, valued at a total of over AED2.5 billion.

In addition to its 54 ongoing projects that are to be delivered between 2020 and 2023, the developer said it also has an extensive land bank with optional extensions through its long-standing partnerships with key master developers.

Azizi has another 100+ projects in planning that are projected to be delivered between 2023 and 2025.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.