Azizi Sells 99% of Units in Premium Dubai Project

Portfolio - People | Feb 11, 2025 | Zawya

Azizi Sells 99% of Units in Premium Dubai Project

Azizi Developments, a UAE-based real estate developer, has announced that 99% of its residential units in the Azizi Neila project, located in the Al Furjan community in Dubai, have been sold. The project attracted a diverse group of investors from 31 nationalities, with Emirati buyers making up 20% and Western and European investors, including those from the UK, US, and Canada, accounting for 45%. South Asian investors comprised 25%, and buyers from the MENA region constituted 9%. Farhad Azizi, the Group CEO, highlighted the project's success and explained that only a few units remain available. The project offers modern and family-centric living with convenient access to Dubai's infrastructure and key business hubs, affirming its appeal in Dubai's real estate landscape.

Sectors

  • Real Estate

Geography

  • United Arab Emirates – The article is set in Dubai, UAE, where the Azizi Neila real estate development is located.

Industry

  • Real Estate – The article discusses a real estate development, focusing on the sale of residential units in a specific project in Dubai.

Financials

  • 99% – The percentage of residential units sold in the Azizi Neila project.

Participants

NameRoleTypeDescription
Azizi DevelopmentsDeveloperCompanyA UAE-based real estate developer responsible for the Azizi Neila project in Dubai.
Farhad AziziGroup CEOPersonThe CEO of Azizi Developments, commenting on the success of the Azizi Neila project.