Azizi Developments, a leading private developer in the UAE, is celebrating the inauguration of Farishta in Al Furjan, one of the most up-and-coming and quite strategic areas of Dubai.
Faristha’s 284 residences, which include 137 studios, 124 one- and 15 two-bedroom apartments and eight spacious penthouses, will be delivered shortly.
Mr Mirwais Azizi, Founder and Chairman of Azizi Developments, commented: “It is with great pride and pleasure that we mark our 14th project completion in Al Furjan, one of the most sought-after, growth-inclined and quite strategic areas in the emirate. As we celebrate the inauguration of Farishta, a extraordinary residential development that reflects world-class development standards, we thank the thousands of hardworking, devoted people who came together to turn our vision into reality – each and every one of them performed a pivotal function in handing over these homes to hundreds of joyful families from many different walks of life – homes where memories will be created, shared and treasured for generations.”
“With rental yields being on the rise in this blossoming community, we are glad to have successfully delivered thousands of homes to local and international investors and end-users representing over 100 nationalities in Al Furjan. With more completions and deliveries to come this year and beyond, we look ahead to a very bright future. As a catalyst to the UAE’s real estate market, development and growth, we will continue to add value, developing unique homes that set the standards in modern building design and offer unparalleled, perfect platforms to live, work and play”, Mr Azizi added.
Farishta sold out in Q4 of 2019. Its elegantly designed units were sold to 44 nationalities, with 27% of clients holding UAE passports. 74% have been sold to UAE residents and 8% to traders residing in the Kingdom of Saudi Arabia, with the rest having been bought by clients residing throughout 19 other countries.
Farishta is located in one of the high-growth corridors of new Dubai — a top location that, via its direct highway and metro line connectivity, boasts easy access to the Dubai Expo 2020 site, Ibn Battuta Mall, Dubai Marina, and JBR among many other of the emirate’s factors of interest. With reports of over 25 million predicted visitors to Dubai set to catalyse the real estate growth in the build-up to Expo 2020, Farishta’s top location units it apart as one of the most lucrative developments in Dubai.
The development is a reflection of Azizi Developments’ philosophy of creating world-class properties embedded in master-planned communities that are carefully designed to foster a community lifestyle and create healthy, balanced social settings that promote convenience, human comfort and leisure.