Azizi Developments: Azizi Neila Reaches 99% Sales in Al Furjan
Deal News | Feb 11, 2025 | Zawya
Azizi Developments, a premier developer in the UAE, has announced that its Azizi Neila project located in the Al Furjan area is now 99% sold. The buyers of Neila's units range across 31 nationalities, with notable participation from Emiratis, Western and European countries, and South Asian nations. The project offers modern studio and one-bedroom apartments with leisure facilities that appeal to family-centric buyers. Its proximity to business hubs and retail destinations in Dubai makes it an attractive investment. The overwhelming sale success is seen as a testament to Al Furjan's appeal and Azizi's commitment to providing lifestyle-enhancing properties. Azizi Developments continues to build on its status with around 40,000 units under construction, aiming for completion by 2027.
Sectors
- Real Estate Development
- Residential Housing
Geography
- United Arab Emirates – Azizi Developments and the Azizi Neila project are based in Dubai, showcasing the UAE's growing real estate market.
- International – The diverse nationalities of buyers, including those from Western, European, South Asian, and MENA countries, indicate the project's international appeal.
Industry
- Real Estate Development – The article discusses Azizi Developments' residential project in Dubai and its sales success, focusing on the real estate market and community development.
- Residential Housing – The focus on Azizi Neila's residential units and amenities aligns the article with the residential housing industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Azizi Developments | Developer | Company | Azizi Developments is a leading residential complex developer in the UAE, known for modern luxury developments. |
| Farhad Azizi | Group CEO | Person | Farhad Azizi is the Group CEO of Azizi Developments, leading the company's project and strategic initiatives. |