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Dubai, 01 November 2017: Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, is on track with the construction of one of its most iconic projects on the Palm Jumeirah – Mina by Azizi – with the project expected to be ready by the last quarter of 2018.
Architecturally inspired by the traditional Arabic Dhow and the waves, Mina by Azizi features panoramic views of the sea and provides private beach access. The AED780million project will be the new lifestyle destination on the Palm covering a total area of 11,244 square metres, encompassing 178 fully-furnished and serviced residences, divided into one and two-bedroom apartments, and three and four-bedroom apartments and penthouses.
The project’s proximity to Dubai Marina, the Jumeirah Beach, and flourishing business hubs like Dubai Media City and Internet City, will help it provide a lucrative return on investment once completed. Mina by Azizi will set new standards in planning, design, natural environment and lifestyle.
Farhad Azizi, CEO - Azizi Developments said: “Investor confidence in the UAE is increasing and is reflected in the registration of 68 projects during the first half of 2017 valued at AED21billion. Mina by Azizi was established to meet the growing demand for serviced residences specifically on Palm Jumeirah. Azizi Developments is focused on driving growth and capturing this niche segment by delivering unrivalled living spaces for the residential market in Dubai.”
Azizi Developments previously announced the handover of its AED350million Royal Bay, a luxury residential property project on the Palm Jumeirah in August this year, which is also supplementing the growing demand for luxury serviced residences in Dubai.
These developments are in addition to its AED12bn Azizi Riviera project in Meydan One, as well as other projects in Dubai Healthcare City, Studio City, Sports City and Jebel Ali.