Dubai, UAE, 23rd September: UAE’s homegrown leading real estate company; Azizi developments confirmed that they have witnessed a positive response from investors during Cityscape Global 2014. The exhibition had provided potential buyers a great opportunity to explore and discuss project related information directly with the developer’s management, said Azizi developments Vice Chairman, Farhad Azizi.
During the three-day event, Azizi developments received overwhelming response from investors and end users and according to Mr. Farhad Azizi, many enquiries were registered at the opening day of the event, indicating that the outlook of the property market in Dubai is vibrant.
“In general, the Dubai property market has really stabilized and you can witness numerous construction of medium and large scale projects are going on as well as government of Dubai’s strategic vision towards Expo 2020 has given a long lasting opportunity to private developers to come up with their own developments, especially towards hospitality sector keeping in view of great demand and future growth towards this sector,” said the Vice Chairman.
“We had received a lot of queries as regards to our ongoing projects and we have also booked good business throughout the event,” disclosed Farhad.“Right from day one we have been very optimistic about the response rate that we realized at this year’s Cityscape Global,” he added.
Investors have shown strong interest in the standard of not only premier living but the affordable properties that we had showcased through a wide selection on offer.
“Our investors have been seeking for the most exclusive and affordable living, and also looking at the option for the Return on Investment (ROI) on our projects, as our offer no doubt remains a handsome deal for them in all the prime locations,” said Farhad. “The prime location for the real estate investment still remains to be the Al Furjan location, due to its proximity to the proposed site of the Expo 2020 with the presence of master developers, Nakheel on site,”he said.
Azizi developments have been showcasing their latest upscale residential community project, Liatris among others. The company has also established a five-star hotel in the Healthcare City location, though it is rated as a five-star establishment, all the amenities of this hotel corresponds to that of a seven-star, explained Farhad.
“Presently, we have 30 projects in hand and we shall soon be announcing more projects, once ample of land has been acquired,” he re-affirmed.
By 2015 and 2016 the company expects to acquire an additional 15 to 20 plots and develop them in good time in readiness to meet the 2020 period demand, when Dubai will actively host the World Expo. Before the Expo kicks off the company anticipates to have completed at least over 70 projects.
Asked how he sees the Cityscape Global event this year, Farhad explained “We are elated by the tremendous response received by both investors and potential buyers especially for our residential project.”
“We have received several enquiries from regional as well as international investors throughout the three-day show from interested parties who have shown keen interest in the details of the respective projects,” emphasized Farhad.
“Every year, Cityscape Global has been a perfect platform to highlight the strategic advantages of investing in affordable living, however this year’s event had exceeded our expectations,” said the Vice Chairman.”Our projects fall in line with the high demand towards the Expo 2020, and the investors have been excited with the ongoing efforts by the Dubai government to provide state-of-the-art infrastructure be it the airports, transport network or the general construction industry,” he observed.
“The company has planned to deliver more than 1,500 residential units and 2100 hotel apartment keys till 2020,” he said.
For more information about the company please visit: www.azizidevelopments.com
About Azizi Developments:
Azizi Developments, a sister concern of Azizi investment and a business arm of AziziHolding, caters to the construction and the real estate sectors in UAE and strategically develop properties to increase future growth while minimizing financial risk. The company is the biggest sub developer within Al Furjan master development by Nakheel, with plans to launch new 7 hotel apartments this year additional to various projects under construction on Palm Jumeirah and Dubai Heath Care City.