Azizi Developments has unveiled plan to build a AED 250mn ($68mn) serviced residence project in Dubai.
Located in the Al Furjan neighbourhood in the south of the city, Azizi Shaista Residence will be a 12-storey development offering a total of 284 fully furnished units.
The project, which is due for completion in 2018, will have 137 studios, 124 one-bed and 23 two-bed apartments, the company said.
In the spirt of creating a new, family-oriented development, our latest project, Azizi Shaista Residence is prudently located near the Expo 2020 sitethe meeting point for ideas and trade that is set to produce $23 billion in revenue and provide a staggering 277,000 job opportunities, said Farhad Azizi, CEO of Azizi Developments, upon unveiling the companys latest developments’ lastest project.
Azizi Developments has a pipeline of 20 property projects, many of them in Al Furjan, worth AED 7.3bn.
The company will host a pre-launch sales event of Azizi Shaista Serviced Residences on September 24 at The Westin Dubai Mina Seyahi Beach Resort & Marina, between 10am to 10pm.