property

Azizi Developments completes and delivers Dh350m project on Palm Jumeirah in 22 months

Developer expects to handover five more projects for the remainder of the year

Staff Report
16:17 August 12, 2017

Dubai

Azizi Developments has announced the completion of Azizi Royal Bay, a Dh350million residential property project at Palm Jumeirah, in 22 months. This makes it the sixth project to be delivered by the developer.

Since the start of the year, the property developer demonstrated a faster pace of completed projects, with handovers of 1,000 units in Dubai. It is expected to hand over five more projects for the remainder of the year and 80 projects before 2020.

Farhad Azizi, CEO, Azizi Developments said: “We are very excited to hand over yet another project in Dubai and this reflects our capabilities to deliver our properties on time. The remainder of the year will see us delivering more projects. Construction work is underway in a number of our projects across prime locations in Dubai and, in the run up to Expo 2020, the next few years are a critical period for us.”