The Dubai-based property developer, Azizi Developments, had completed the development of two apartment buildings in Al Furjan, Dubai.
The $124mn projects were completed in record time, within 18 months.
Azizi Developments build the Montrell by Azizi – costing $57.6mn – and the Roy Mediterranean – costing $67.2mn.
The Montrell building features 168 studio apartments and 54 one-bedroom flats across 696sqm of land, with the construction space covering 22,000sqm.
The Roy Mediterranean includes 224 studios and 47 one-bedroom apartments in 975sqm of retail space, across 26,000sqm of construction land.
The projects note the 11th and 12th completed works in Al Furjan by the company since it decided to transform the location.
“The successful completion of these two projects is a testimony to our commitment to delivering best-in-class residential properties,” remarked Mirwais Azizi, Founder and Chairman of Azizi Developments.
“We believe that investors and buyers of Montrell by Azizi and Roy Mediterranean by Azizi will benefit from prime, high-demand locations like Al Furjan and an alpha return on investment leading up to and during the Expo 2020 Dubai.”
“Quality and timely completion of projects remains our top priority and we are continuing to make strong progress across Azizi’s live developments.”