UAE-based Azizi Developments has announced the launch of its 178-unit Azizi Mina Hotel Apartments project located on The Palm Jumeirah, Dubai.
According to the developers, the property is now the company's flagship project in Dubai and will run to an approximate total value of AED750 million ($204.1 million).
When complete, the fully furnished upscale hotel apartment building will offer 120 one-bedroom and 58 two-bedroom units, as well as four luxury penthouses.
The new luxury hotel apartments are named after Azizi chairman Mirwais Azizi's first grandchild and CEO Farhad Azizi's daughter. Mina means love in the Azizi family's native language of Pashto.
Farhad Azizi, CEO of Azizi Developments, said: "The Azizi Mina Hotel Apartments has become Azizi Developments' flagship project in the Dubai market and will be one of the largest properties and most distinctive to be situated on The Palm Jumeirah. This takes the value of our current portfolio in the Emirate to AED7.3 billion for a total of 20 projects already under construction."
Due to be completed in 2018, Azizi Mina will be handed over well in advance of Expo 2020, he added.
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