UAE-based Azizi Developments on Tuesday announced a new residential project, Azizi Grand, in Dubai Sports City as well as three new residential and commercial projects in Meydan Avenue.
The projects have a combined value of AED750 million ($204 million), the developer said in a statement.
The developer’s first project in Sports City, Azizi Grand will consist of 431 apartments, including 238 studio, 140 one-bedroom, and 53 two-bedroom units.
It also features two swimming pools and six panoramic view elevators.
Mirwais Azizi, chairman of Azizi Group, said: “As Azizi Developments’ first project in Dubai Sports City, Azizi Grand is a reflection of our strategy to develop products in strategic areas of Dubai where neighbourhoods and communities will thrive.
“We are confident that Azizi Grand’s modern design and superb location will offer a high-value proposition for long-term investors and end-users looking for strong returns”.
He added tha the new projects at Meydan Avenue will consist of three low-rise buildings located along the Meydan Road leading to the Meydan Hotel and Meydan Racecourse and Grandstand.
The three individual complexes – Azizi Gardens, Azizi Park Avenue, and Azizi Greenfield – will comprise a total of 242 one and two-bedroom apartments.
Azizi Gardens will consist of a total of 51 apartments, while Azizi Greenfield comprises 96 apartments and Azizi Park Avenue will feature 95 apartments.
Azizi Gardens, Azizi Greenfield and Azizi Park Avenue are Azizi’s third development in the Meydan master development, following the Azizi Riviera and Azizi Victoria projects in Meydan One and MBR City – District 7.
Source : Arabianbusiness