UAE: Azizi Developments has launched a AED750 million serviced hotel apartments project on the Palm Jumeirah.
The company describes Azizi Mina Hotel Apartments as its flagship property. It will feature 120 one-bedroom, 58 two-bedroom units and four luxury penthouses.
Set on a plot area of 120,989 square feet on the crescent part of island, the 10-storey property will be complete in 2018.
Farhad Azizi, CEO of Azizi Developments, said: “This takes the value of our current portfolio in the Emirate to AED 7.3 billion for a total of 20 projects already under construction. While we have several interests and projects in many countries around the world, Dubai is a favourite with Azizi Developments, due to its location, great infrastructure, business ¬friendly rules and regulations, easy access to support from investors and a clear legal framework relating to the real estate market.”
The project is Azizi’s second property on the Palm, following the launch earlier this year of Royal Bay Palm Jumeirah, a block of 90 apartments due to be completed in March 2017.
azizidevelopments.com</p
