UAE-based Azizi Developments is set to complete the AED265m($72m) Shaista Azizi, one of the five projects in Al Furjan due for completion, by the end of 2018.
The project is progressing at a fast pace with elevation works, mechanical and electrical installations progressing to the eighth floor and upwards. External works are progressing according to schedule and the building is expected to be completed by the end of 2018.
Shaista Azizi will have 12 residential floors and offer a total of 284 units, comprising 137 studios, 124 one-bedroom apartments and 23 two-bedroom apartments, in addition to 7,100ft² retail space.
Shaista Azizi residential apartments will also include parking facilities, a swimming pool and a modern gymnasium.
Azizi Group chairman Mirwais Azizi said: “Al Furjan has developed into a vibrant community with excellent infrastructure along with a strategic location.
“Witnessing the ongoing transformation across the Al Furjan community is a source of pride for Azizi Developments as most of our completed properties are located there.
“The strategic foresight to avail land bank and build multiple projects in Al Furjan has contributed to high rental returns for our buyers and investors alike.”
Al Furjan is only a 10-minute drive away from Ibn Battuta Mall and adjacent to Discovery Gardens, Jebel Ali Village and The Gardens.
The metro extension, Route 2020, will connect Al Furjan to areas such as Dubai Investment Park, and will also eventually service the Al Maktoum International Airport.
Azizi Developments has demonstrated a faster pace of developing projects across the city. The company’s projects include the AED470m ($128m) Azizi Aliyah Residences in Dubai Healthcare City and the AED780m ($212m) Azizi Mina project on the Palm Jumeirah.
Azizi Developments, the real estate investment arm of the Azizi Group, currently has more than 200 projects under various stages of development.
The company has also been involved in the development of major properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.