- The luxury development on the east crescent of Palm Jumeirah will be handed over within a month
- 155 units out of the 164 are now sold, with the remaining 9 units just having been released
- 15% of the sales went to UAE nationals and 10% to KSA nationals, with a total of over 41 nationalities having purchased premium units in the distinguished development
Dubai, United Arab Emirates: Azizi Developments, a leading private developer in the UAE, has recorded the sale of over 95% of the residential units at Mina on Palm Jumeirah. The developer has managed to maintain consistency in achieving a high pre-handover sales ratio across all of its projects, entirely selling out inventories prior to project completion.
Azizi has successfully attracted foreign investors to Dubai’s flourishing property market and widened its client base by bringing in investors of over 41 nationalities. UAE nationals formed the largest buyer demographic with over 15%, followed by Saudi Arabian and Indian nationals with 10% each, United Kingdom investors with 7.2%, Nigerians with 6.4%, and Canadians with 5.5%. The remaining investors’ nationalities span 35 countries.
Nima Khojasteh, Executive Director – Sales & Marketing at Azizi Developments, commented: “Mina enjoys a high demand from both local and international investors due to the sophisticated, lavish and contemporary lifestyle it offers – especially now, with it being handed over in less than a month. Owning a residence in this prestigious community, one of the most esteemed projects in the entire emirate with a truly iconic landmark address, is undoubtedly a matter of pride for our valued, savvy clients, who are also very well aware of the outstanding ROI they stand to benefit from.”
Spanning nearly 38,500 square metres of built-up area, Mina features 178 units, comprising 120 one- and 54 two-bedroom residences, as well as four spacious. The project also features several retail units across 1,847 square metres, and over 69 percent of the project’s total area is allocated for lifestyle-enhancing amenities, including, a children’s’ play area, a jogging track, and green outdoor spaces, private beach access, two swimming pools, a fully equipped gym and a comprehensive health club.
Immaculately designed to leverage its waterfront location and overlooking the Arabian Gulf with stunning views of the city’s spectacular skyline, Mina offers residents seaside serenity at its finest.
The development hosts a dedicated retail precinct, covered parking spaces, and concierge services as well as offers easy access to the Palm Monorail, Dubai Tram, Dubai Metro, and a variety of hotels and other retail and leisure attractions. The project embodies a truly exclusive and resort-like lifestyle that enriches the lives of its residents and is a manifestation of Azizi Developments’ customer-centricity, attention to detail, and contributions to the development of the UAE’s awe-inspiring landscape.
About Azizi Developments:
Azizi Developments is a leading developer based in Dubai, UAE. With thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.
Azizi currently has approximately 100 ongoing projects that are to be delivered between 2020 and 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.