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In the agreement, Amlak becomes the exclusive escrow trust agent for the first two approved projects at Nakheel's family community development which launched at a starting price of Dhs1600 per sq ft for residential and Dhs1850 per sq ft for commercial.
In a joint announcement, Azizi Investments confirmed that all units were sold out within the first day.
Mr. Merwiss Azizi, Founder and Chairman of AZIZI Investments, comments:
'As the first developer to offer approved projects for sale at Al Furjan, one of Dubai's most high profile development projects, it is vital to provide a quality product at good value, and to do so in a fashion that provides peace of mind. Our incredible sales success demonstrates that we have got this mix right. Having Amlak with us certainly reinforces the strength of our first phase offer. As we roll out further projects at Al Furjan we expect future sales to be very popular indeed.'
Almasa Two and Feirouz Two are the first of twelve properties that will be launched by Azizi Investments at Al Furjan over the coming months. Based in the heart of 'new Dubai', Al Furjan is a uniquely planned 'community development' with exceptional facilities like schools, village centres and public parks.
Azizi is developing ten residential blocks with over 1,000 apartments at Al Furjan along with two commercial buildings which offer 300,000 square feet of office space.
There are three residential buildings as part of 'Feirouz' in the South Village of Al Furjan, two residential buildings as part of 'Sawsan', also in the South Village, five residential building in 'Yasamine' in the East Village and two commercial buildings under the 'Almasa' banner.
Azizi Investments expects to announce the next phase of Al Furjan sales over the next couple of weeks.
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Posted by Eman Hassan
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