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81% of Azizi Developments’ inventory is pre-sold
Azizi’s pre-sales ratio has soared significantly, with the developer now having sold over 12,000 units, enabling it to deliver more projects at an accelerated pace
Azizi Developments, a leading private developer in the UAE, has sold a whopping 81 per cent of its stock throughout its 54 ongoing projects in Dubai, as of Q3 2019. This milestone provides to Azizi’s legacy, signifying a strong investor appetite for strategically located, well-connected, cautiously designed and fairly priced residences in Dubai’s high-growth corridors. Azizi’s massive portfolio of modern luxury projects throughout the emirate’s most sought-after residential destinations, as well as its transparent, construction-driven and customer-centric approach, have made it a relied on developer of preference for investors and end-users in the UAE, the region, and beyond. Projects such as Aliyah in Dubai Healthcare City and Plaza in Al Furjan have yielded an average of about 90% of units sold prior to completion. Farhad Azizi, CEO of Azizi Developments, said: “All of our developments are tailored and direct responses to cautiously researched, modern market tendencies and needs, as our remarkably high ratio of units sold prior to completion underlines. This proportion is also a testament to the significance that we assign to our customers’ fine interest – they are the very core of our business and the reason Azizi Developments is what it is today. This entails not only making sure that their purchasing experience with us is outstanding, however more importantly, making sure that their properties are differentiated, add actual value and represent investor-friendliness. A completely satisfied customer is the nice marketing and sales tool one can imagine - word of mouth via customer satisfaction is the greatest force at the back of client acquisition and retention”. Farhad added, “We are committed to our mission of enriching lifestyles via our elegantly designed world-class houses and communities. We intend to become the real estate developer of preference for the new generation, working hand-in-hand with our stakeholders in Dubai and beyond to consistently innovate, enhance our offers, and catalyse the vision and development of this excellent emirate”. With its well-established credentials and relied on brand, Azizi has sold over 12,000 units to a very diverse customer base comprising more than 100 nationalities, successfully driving Foreign Direct Investment into the emirate and creating houses for thousands of blissful families. To date, with its highly efficient execution model, Azizi has delivered 14 projects throughout Palm Jumeirah, Dubai Healthcare City and Al Furjan, valued at a total of over AED 2.5 billion. In addition to its 54 ongoing projects that are to be delivered between 2020 and 2023, the developer also has an extensive, well-positioned land bank with non-obligatory extensions via its long-standing partnerships with key master developers. Azizi has another 100+ projects in planning that are projected to be delivered between 2023 and 2025. The developer’s portfolio consists of projects throughout MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
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