The Dubai-based developer’s incentives and better yields point to new trends in the real estate market
Azizi Developments – a leading UAE-based real estate developer with global reach into international markets –held a sales event at the Safinah Ballroom, Jumeirah Beach Hotel. Azizi Developments has a total of 20 projects, valued at AED 7.3 billion, in Al Furjan, The Palm Jumeirah, and Dubai Health Care City. The event will feature the few available apartments of Azizi Developments (with the exception of four delivered projects and two more that will be handed over in the next two months). Dubai’s real estate industry trends indicate that tenants and investors are opting for the affordability route with a high demand for mid-market residential properties.
Commenting on the event Farhad Azizi, CEO of Azizi Developments said, “This event is a concrete example of how Azizi Developments stays ahead of the newest trend sweeping across Dubai’s property and real estate market: affordable luxury units. This event allows the opportunity to become first-time homeowners and the promotions offer a great incentive to invest in this flourishing district while it is still available.”
The sales event will include 14 projects in different construction phases and will take place on the 14th of January 2017 where the Dubai-based developer’s mid-priced luxury apartments respond to the increasing demand for affordable units with a variety of different promotions. One of the rare incentives at the event is purchasing a two-bedroom apartment for the price of a one-bedroom. Investors will also receive a 50% discount on the OQOOD fees (contract registration fees). By offering these promotions and flexible payment plans, Azizi Developments is inspiring renters to become buyers.
The residences located in the new urban development of Al Furjan are within close proximity to major Dubai icons and attractions including the EXPO 2020 site, Ibn Battuta, Discovery Gardens and the new Al Maktoum Airport (DWC). The properties offer potential investors with convenient access to transportation, near Sheikh Zayed Road and Al Khail Road with an upcoming metro station within walking distance. The community also has all the luxurious amenities and necessities nearby: schools, outdoor sports facilities, community retail centres, 7000 square feet of retail space, common areas, landscaped gardens, climate-controlled infinity pools, spas, and state-of-the-art gyms and play areas.
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