Dubai's Mirwais Azizi-led Azizi Developments has sold 10 buildings within the UAE’s Al Furjan residential development to date, with a company official telling Construction Week that this list includes the Feirouz, Iris, Liatris, Orchid, Yasmine, Daisy, Freesia, Tulip, Candace Aster, and Roy homes.
Chief executive officer of Azizi Developments, Farhad Azizi, said: “Al Furjan is undoubtedly becoming one of the most desirable addresses in the emirate, signified by rental prices already being on the rise.
“Our research finds that location (remains the single most important factor to our customers – it has an incredibly profound impact not only on residential lifestyle, but also on rental yields and value appreciation."
The CEO stated that Azizi had 22 developments in Al Furjan, adding that it was eyeing additional schemes in the neighbourhood.
Last month, the developer launched Connect by Azizi, a seven-storey structure comprising 245 homes, including 90 studios, and 41 one- and 14 two-bedroom apartments.