In Dubai’s booming and well-connected residential neighborhood, MBR City, UAE-based Azizi Developments has announced that it has completed the sale of all the apartments within the Park Avenue I development as well as 50% of that of Park Avenue II, with few units still to be released.
Three buildings on Park Avenue house 372 residential and 29 retail units. Each building includes a separate swimming pool and a fully stocked gym.
Giving a project update, Azizi stated that the Park Avenue development’s construction is currently more than 45% complete.
According to its CEO Farhad Azizi, Park Avenue I, II, and III are now all 99% complete, and the total staff has expanded to 675 to speed up construction.
“Park Avenue selling out so rapidly is a testament to its unique value-add to the UAE’s real estate landscape, our efforts in the realm of customer-centricity and build quality, as well as to the lifestyles that our developments present to our investors and end users.”
“We are thrilled to see this prestigious project being in such high demand among both local and foreign investors. The value it adds as a well-connected, comfortable, and luxurious community is truly unparalleled,” noted Azizi.
“Every additional sale is a result of the hard work that we, as well as our many diligent stakeholders, are putting in. We now look forward to releasing Park Avenue II’s remaining units, as well as those in Park Avenue III, in the near future,” he added.