UAE-based Azizi Developments has announced its newest project in the Dubai district of Al Furjan, the AED430 million ($117 million) Azizi Plaza.
The project will encompass residential, commercial and retail space with fully furnished serviced apartments catered towards affordable luxury living.
Spread across 59,760 square feet, Azizi Plaza will encompass a total of 434 units comprising 286 studios, 46 one-bedroom apartments and 102 two-bedroom apartments – and a total retail space of 9,400 square feet.
Azizi Plaza is scheduled for completion by 2018, the developer said in a statement.
Farhad Azizi, CEO of Azizi Developments, said: “Azizi Plaza is another project in our line of ‘affordable luxury’ apartments that have been popular with investors and clients in the past. It has been earmarked as a good time for investment in real estate and we at Azizi Developments hope that investors would place Azizi Plaza at the top of their lists.”
Last month, Azizi Developments announced plans to build Azizi Shaista Residence in Al Furjan, adding to the company's portfolio of UAE-based projects valued at around AED7.3 billion.