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Dubai, UAE, 18 March 2024: Azizi Developments, a leading private developer in the UAE, has announced that 86% of building 3, 82% of building 4, 97% of building 8, and 75% of building 9, in its approximately AED 30 billion mixed-use development, Azizi Venice located in Dubai South, are now sold out. New and previously unseen units in these buildings are to be released in the coming weeks.
Azizi Venice will comprise more than 30,000 residential units across approximately 100 apartment complexes, and over 400 luxury villas and mansions. Azizi Developments is taking on the role of master developer, in charge of constructing the buildings, roads, and all the infrastructure.
Of the total 95 nationalities who purchased units in Venice so far, buyers from the United Arab Emirates made up the largest demographic, followed by investors from Egypt, Iraq, India, and European countries.
Mr. Farhad Azizi, Chief Executive Officer of Azizi Developments, said: “We are thrilled to witness the remarkable sales momentum at Azizi Venice, a testament to the exceptional quality and allure of our latest venture in Dubai South. This rapid success mirrors the dynamic growth of Dubai’s real estate landscape, solidifying its reputation as a premier global destination for business and tourism. As the construction is off to a rapid start, we remain steadfast in our commitment to exceeding expectations and delivering unparalleled excellence.”
At the heart of Azizi Venice lies its luxurious pedestrian-friendly boulevard, which will be open-air in the winter and glass-covered in the summer to ensure a temperature-controlled space with year-round activity and visitors. Lined with three-storey buildings planned to host the world’s top retailers and brands, nightlife, and entertainment options, as well as eateries that represent a vast number of countries from across the world, Azizi Boulevard will represent a new and unique point of interest on Dubai’s map of outstanding sights.
Another major attraction to be developed within Azizi Venice is Azizi Opera. Located at the heart of the boulevard and built to the highest, most contemporary standards in design and architecture, Azizi Opera will become one of the most notable venues for cultural and community events in Dubai.
A prime tourist attraction and high-end local hotspot, Azizi Venice is planned to welcome over 30,000 visitors on a daily basis. The opulent community will have its very own two Azizi-owned and operated five-star hotels at the entrances of the community, as well as one boutique hotel located on an island in the middle of the lagoon. A large number of underground parking spaces will be constructed to grant tens of thousands of daily visitors easy access to Azizi Boulevard and Azizi Opera.
Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
