Azizi Developments’ unit sales reach pre-pandemic levels

18

Dubai, United Arab Emirates: Azizi Developments, a leading private developer in the UAE, has announced that its unit sales have reached their pre-pandemic levels as of March 2021.

Developers struggled to sell properties during the lockdown, but once it was lifted, Azizi began selling around five to six units a day. Towards the end of 2020, the developer was then close to reaching its pre-pandemic levels, with daily sales of 10 to 12 units. Now, it’s sales volume has reached a healthy level, with approximately 12 to 15 units being sold per day. Azizi Developments’ resilient sales framework, which is rooted in its commitment to transparency, customer centricity and its distinguished, value-adding world-class properties, has proven its merits. 

Azizi is now set to exceed its pre-pandemic levels, projecting sales upward of 14 units per day in the coming months, largely due to the emirate’s promising future. With the onset of Expo 2020, Dubai’s outstanding macroeconomic fundamentals, its forward-thinking, agile leadership, and a plethora of new, highly impactful initiatives being introduced, the emirate, which will continue to thrive as a world-leading hub for business, tourism and innovation, is set for vast economic growth. 

Over the past three months, 69 per cent of Azizi Development’s unit sales were for Riviera in MBR City, 13 per cent for its developments in Al Furjan, and 10 per cent for its projects in Dubai Healthcare City. Another 7 per cent were for Mina on Palm Jumeirah, and 1 per cent for Avenue – it’s recently launched project in MBR City. 

In terms of unit types, 32 per cent of the developer’s sales comprise one-bedroom units, 27 per cent were retail units, 19 per cent were studios, 17 per cent were two-bedroom apartments, and 5 per cent were three-bedroom apartments.

Mr Farhad Azizi, CEO of Azizi Developments, said: “Our extensive portfolio of modern luxury homes across the emirate’s most sought-after residential destinations, coupled with our transparent, construction-driven, and customer-centric approach, have made us a trusted developer of choice for investors and end-users in the UAE and beyond. 2020 was an unusual – and at times challenging – year for us all, but a strong rebound is what defines us and our resilience.”

“Our projects, which are developed to meet and exceed buyer aspirations, remain among the top choices in the UAE, as well as to international investors. All of our homes are tailored and direct responses to carefully researched, contemporary market trends and needs, as our remarkably high ratio of units sold prior to completion underlines as well. We’re tremendously proud of having reached our pre-pandemic sales volumes this month and look forward to surpassing these, while going above and beyond in ensuring our valued investor’s happiness.”

Riviera 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 boasts stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline. Situated on Al Khail Road, seven minutes away Dubai International Airport, eight minutes from Dubai Mall, and nine minutes from Business Bay and DIFC, the development has all major business, leisure and retail hubs in its vicinity.

While many global industry players struggled to stay afloat during the testing pandemic times, for Azizi Developments, 2020 proved a year of achievements and milestones. In 2020 alone, Azizi raised over 300 storeys, poured over 239,000 cubic metres of concrete, constructed over 3.68 million sq. ft of built-up area, and recorded more than 17.6 million man-hours. The developer will now complete over 10,000 units this year. With its pronounced rebound in sales, Azizi is looking forward to a year marked by resurgence and new heights. 

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.