Azizi Developments, one of the leading private developers in the United Arab Emirates, announced that it had sold almost all of the stock of Park Avenue I units less than a week after selling its 50% of units within development. Now, there are only three unreleased units left for sale.
Park Avenue comprises three buildings with 372 residential units and 29 commercial units, with each of the buildings having its own fully equipped gym and swimming pool, a statement from Azizi said.
The Emirati developer said work is progressing rapidly, with the Park Avenue I structure now 66% complete and the Park Avenue II and III structures at 77% and 79% respectively. The workforce was also recently increased to 280 to further speed up construction.
CEO Farhad Azizi said: “Selling Park Avenue so quickly is a testament to our customer focus, the quality of construction and the lifestyles our developments shape for our investors and end users, as well as the many merits of the ‘impressive emirate of Dubai.’
“We are delighted to see this world-class project being in such demand by local and overseas investors, the value it adds as a well-connected, comfortable and luxurious community being unique,” he said.
“It excites us to know that every additional sale is the result of the hard work we, and all of our diligent partners, put in. We are down to just 3 units – some of the best, which we saved for last,” he added.-TradeArabia news service