15 Jumada I 1445 - 28 November 2023
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Eye of Dubai
Business & Money | Monday 20 February, 2023 8:10 am |

Azizi Developments’ Park Avenue I, II, III are now 100% sold

Azizi Developments, a leading private developer in the UAE, has announced that it has now sold all of Park Avenue I, II and III, a vibrant and well-connected residential community strategically located in one of Dubai’s most sought-after areas, the prestigious MBR City. Park Avenue I has recorded over 64% construction completion, while Park Avenue II and III are now more than 60% and 41% complete respectively.


Park Avenue comprises three buildings with 372 residential and 29 retail units. Each building has its own fully equipped gym and swimming pool. Work is progressing rapidly, with the structures being finished and the total manpower having been increased to 750 to further accelerate construction. 


In his comments, Mr Farhad Azizi, CEO of Azizi Developments, said: “We are delighted to see Park Avenue I, II, and III having been fully sold this swiftly, with this major milestone signifying the unique value that our developments add to the UAE’s unparalleled real estate market, our commitment to customer-centricity and build quality, and the exquisite lifestyles our homes grant our valued investors and end-users. The remarkably strong demand for these exceptional MBR City projects among both local and international investors excites all of us at Azizi Developments, with Park Avenue truly representing the pinnacle of easy connectivity, comfort, and luxury. We attribute every sale to the hard work that we, as well as our many dedicated stakeholders, have put in, and now look forward to handing over the keys to hundreds of happy families.”


Built around the concept of connected serenity, Azizi’s Park Avenue project is the epitome of a strategic, easily accessible, and convenient location that is its own little getaway within the city. Surrounded by greenery and within proximity to Azizi’s French Mediterranean-inspired master-planned community, Riviera, the upcoming Meydan One Mall, the Meydan Grandstand, The Track, and only a 10-minute-drive to Dubai Mall and Downtown Dubai, these contemporary homes are ideally located for those seeking access to some of the city’s most vibrant points of interest while also basking in the tranquillity of their own community with panoramic views of Dubai’s skyline. 


Azizi Developments is now gearing up for its 2023 deliveries and plans to deliver approximately 11,000 units across 45 projects in Dubai, spread across the first, second and third phases of Riviera, Park Avenue I, II and III in MBR City and Berton in Al Furjan.


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