Azizi Developments, a leading private developer in the UAE, has announced that it has sold 486 out of the 645 apartments within its luxury development, Creek Views I at Dubai Healthcare City.
These sold units comprise 325 studios, 138 one- and 20 two-bedroom homes, as well as three retail spaces, making up for 75 per cent of the total sellable units, said the company in its statement.
A key AED550 million ($150 million) development, Creek Views I has been mostly sold to UAE nationals, with Emiratis representing 25% of the investors, followed by India with 14%, Saudi Arabia with 7% and Jordan with 6%.
So far, more than 45 nationalities have purchased units in Creek Views I, underscoring Azizi Developments' efforts in getting foreign nationals to invest in Dubai, said the statement.
Two-bedroom apartments were the most popular choice, with all 20 having been sold, it stated.
Second to that were studios with 88 per cent of them having been snatched up by investors, followed by one-bedroom units of which 63 per cent have been sold. Moreover, three out of the 11 retail spaces have also been purchased by savvy buyers, it added.
On the solid sales, CEO Farhad Azizi said: "It brings us great pleasure to put Dubai on the world map of growth-inclined, high ROI real estate investment destinations."
The first quarter egistered the highest recorded number of home sales transactions in Dubai since 2010, according to a market report by real estate consultancy ValuStrat.
Dubai recorded sales of more than 6,000 ready homes worth AED13.5 billion ($3.7 billion), as well as 3,600 off-plan properties worth AED5 billion in the first three months of the year alone, the report said.
"Our portfolio of modern-luxury homes across Dubai’s most sought-after destinations, as well as our construction-driven and customer-centric approach, continues to make us a trusted developer of choice and attracts investors from all across the globe, which fills us with great pride," noted Azizi.
"2020 was a challenging year for all, but 2021 marks a pronounced comeback for many," he added.
Overlooking Dubai Healthcare City and situated on Al Khail Road, just seven minutes from Dubai International Airport, eight minutes from Dubai Mall and nine minutes from Business Bay and DIFC, Creek Views I has all major business, leisure and retail hubs in its vicinity, said the statement from Azizi.
Positioned as the epicentre of the future, merging views of both the old and contemporary Dubai, Creek Views I represents the city’s remarkable transition from a traditional, iconic past to a contemporary, reinvented future, it added.-TradeArabia News Service