UAE’s Azizi Developments posts record sales in December

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Azizi Developments, a leading private developer in the UAE, has announced record sales in December, across a number of its key projects including Riviera, Al Furjan, Mina on Palm Jumierah, and Creek Views I and II in Dubai Healthcare City.

 

Announcing the December sale, Azizi said its sales increased by over 60% compared to November.

 

Last month’s sales made up over 22.5% of the total annual sales with Riviera’s share being at almost 70%, Al Furjan contributing approximately 20% per cent, Mina on Palm Jumeirah over 5%, and Creek Views I and II in Dubai Healthcare City adding another 5%.

 

In November, Dubai Land Department had recorded 3,927 property sales transactions worth AED7.65 billion, up 15.6 per cent over October in terms of volume and almost 10 per cent more in terms of value.

 

Nearly 38.2 per cent of these transactions were from the off-plan market, while 61.8 percent of these transactions were in the secondary market.

 

The Dubai real estate market performance is now back to a pre-Covid sales-transaction levels, primarily attributed to the proactive measures taken and protocols set by Dubai’s government, it stated.

 

While many global industry players struggled during these testing times, 2020 proved to be a year of achievements and milestones for Azizi Developments, with December being one of the most successful months in terms of both construction and sales, paving the way for a promising 2021.

 

Nima Khojasteh, Executive Director (Sales and Marketing) said: “We’re seeing a V-shaped recovery – when we look at the numbers, from the lowest we’ve had in May – 1,452 transactions, the market is experiencing a recovery by more than 270%.”

 

“We at Azizi are delighted to be contributing to this by delivering and selling increasing volumes of world-class properties to local and international investors alike,” he stated.

 

Riviera was the most well-received among Azizi’s projects in December. It is strategically located near the upcoming Meydan One Mall and the Meydan Racecourse — home of the Dubai World Cup — as well as Dubai’s major business, leisure and retail hubs.

 

Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art but also about a certain ‘joie de vivre’ — a celebration of life and exultation of spirit — Riviera represents a new landmark that will add differentiated value to the real estate landscape.

 

Overlooking Dubai Healthcare City, Creek Views, another popular project of Azizi Developments, boasts stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline, said Khojasteh.

 

“We’re committed to the successful completion of our projects and our extensive portfolio of modern luxury developments across the emirate’s most sought-after residential destinations, as well as to our transparent, construction-driven and customer-centric approach, which has made us a trusted developer of choice,” he added.-TradeArabia News Service

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).



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