Azizi Developments has announced that the AED 300 million ($81.6 million) Montrell by Azizi and AED 350 million ($95.2 million) Roy Mediterranean by Azizi have been completed and handed over to Al Furjan, the company announced on Monday.
According to Azizi Developments, the developer successfully completed more than 2,000 units in Al Furjan since 2016, with Roy Mediterranean and Montrell being completed in a record time of 18 and 17 months, respectively.
“The successful completion of these two projects is a testimony to our commitment to delivering best-in-class residential properties,” said Mirwais Azizi, chairman of Azizi Group.
“We believe that investors and buyers of Montrell by Azizi and Roy Mediterranean by Azizi will benefit from prime, high-demand locations like Al Furjan and an alpha return on investment leading up to and during the Expo 2020 Dubai.”
The Roy Mediterranean by Azizi is comprised of 224 studios and 47 one-bedroom apartments, while the Montrell includes 168 studios, 54 one-bedroom units and 7,500 square feet of retail space over a total construction area of 246,243 square feet.
“Quality and timely completion of projects remains our top priority and we are continuing to make strong progress across Azizi’s live developments,” Mirwais Azizi added.
Two more developments, the AED 350 million ($95.2 million) Aaliya Residences in Dubai Healthcare City and the AED 780 million ($212.3 million) Mina by Azizi on the Palm Jumeirah are expected to be delivered in Q2 and Q3 of this year, according to the company.For all the latest business 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.
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