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Wed 24 Aug 2016 03:18 PM

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UAE's Azizi says $95m Royal Bay project is 85% sold

Developer says Dubai serviced residential apartment project is set to be completed in Q2 2017

UAE's Azizi says $95m Royal Bay project is 85% sold
Farhad Azizi, CEO of Azizi Developments.

UAE-based Azizi Developments has announced that 85 percent of its AED350 million ($95.2 million) Royal Bay Residence project in Dubai has been sold.

The project is scheduled to be completed by second quarter of 2017, the company said in a statement.

Farhad Azizi, CEO of Azizi Developments, said: “Dubai is one of the fastest growing cities in the world and continues to boom as a prime real estate hub. With great interest from expatriates in the emirate’s ever-expanding developments, we felt a need to present potential homeowners with something unique.”

Royal Bay Residence is a part Azizi Developments’ AED7.3 billion portfolio for thousands of apartment units in Nakheel’s Al Furjan and Palm Jumeirah districts in Dubai.

A 90-unit fully serviced residential apartment building, Royal Bay offers a choice of 58 one-bedroom and 30 two-bedroom options, as well as two penthouses. It also provides direct beach access, swimming pools, jacuzzi, gymnasium and landscaped gardens.

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