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Dubai, UAE, 25th February 2020: Azizi Developments, a leading private developer in the UAE, is celebrating the inauguration of Farishta in Al Furjan, one of the most up-and-coming and highly strategic locations of Dubai.
Faristha’s 284 residences, which comprise 137 studios, 124 one- and 15 two-bedroom apartments and eight spacious penthouses, will be handed over shortly.
Mr Mirwais Azizi, Founder and Chairman of Azizi Developments, commented: “It is with great pride and excitement that we mark our 14th project completion in Al Furjan, one of the most sought-after, growth-inclined and highly strategic locations in the emirate. As we celebrate the inauguration of Farishta, a remarkable residential development that reflects world-class construction standards, we thank the thousands of hardworking, dedicated individuals who came together to turn our vision into reality – each and every one of them played a pivotal role in delivering these homes to hundreds of happy families from many different walks of life – homes where memories will be created, shared and treasured for generations.”
“With rental yields being on the rise in this blossoming community, we are delighted to have successfully delivered thousands of homes to local and international investors and end-users representing over 100 nationalities in Al Furjan. With many more completions and deliveries to come this year and beyond, we look forward to a very bright future. As a catalyst to the UAE’s real estate market, development and growth, we will continue to add value, developing distinctive homes that set the standards in contemporary building design and offer unparalleled, ideal platforms to live, work and play”, Mr Azizi added.
Farishta sold out in Q4 of 2019. Its elegantly designed units were sold to 44 nationalities, with 27% of customers holding UAE passports. 74% were sold to UAE residents and 8% to investors living in the Kingdom of Saudi Arabia, with the rest having been purchased by customers living across 19 other countries.
Farishta is situated in one of the high-growth corridors of new Dubai — a prime location that, through its direct highway and metro line connectivity, boasts easy access to the Dubai Expo 2020 site, Ibn Battuta Mall, Dubai Marina, and JBR among many other of the emirate’s points of interest. With reports of over 25 million anticipated visitors to Dubai set to catalyse the real estate growth in the build-up to Expo 2020, Farishta’s prime location sets it apart as one of the most lucrative developments in Dubai.
The development is a reflection of Azizi Developments’ philosophy of creating world-class properties embedded in master-planned communities that are carefully designed to foster a community lifestyle and create healthy, balanced social settings that promote convenience, human comfort and leisure.