Azizi Developments, a leading private real estate developer in the UAE, has announced the complete sale of its Creek Views I development located in Dubai Healthcare City. The project has been sold to over 47 nationalities, following Azizi’s efforts to attract foreign investment.
Overlooking Dubai Healthcare City, Creek Views I boasts stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline, said the statement from Azizi.
Situated on Al Khail Road, 7 minutes away from Dubai International Airport, 8 minutes from Dubai Mall and 9 minutes from Business Bay and DIFC, the development has all major business, leisure and retail hubs in its vicinity, it added.
UAE nationals represent the biggest buyer group with 20% followed by investors from India (14%), Pakistan (7%), Saudi Arabia (6%), the UK (5%), Canada (4%), and the US (3%). European buyers represent a total of 10% of all buyers.
The development is now 76% complete and is scheduled to be handed over by the end of the year, with 100 per cent of both its structure and blockwork already being done.
Internal plastering is currently at 99 per cent, while the tiling, HVAC and MEP works are now 82 per cent, 26 per cent and 37 per cent respectively, stated the developer.
Creek Views I is home to 634 units that comprise 396 studios, 218 one-bedroom flats, and 20 two-bedroom units, as well as 33,341 square feet of premium retail space.
Commenting on this significant milestone, CEO Farhad Azizi said: "It comes as no surprise to us that this stunning project, with its exceptional location, amenities and build quality, has sold out this rapidly. It is a testament to our customer-centric commitment to the high-quality development of world-class residences, embedded in only the best communities, and to our timely project delivery."
Dubai Healthcare City, as a unique and well-connected residential destination, is seeing a significant increase in investors, representing a highly growth-inclined location that showcases Dubai's progressive, fast-paced nature and advancements.
"We are investing substantial amounts in attracting not just local, but also foreign investment to Dubai, and are delighted that these efforts are paying off and supporting the growth of the sector and the emirate as a whole," he added.
Positioned as the epicentre of the future, merging views of both the old and new Dubai, Creek Views I represents the city’s remarkable transition from a traditional, iconic past to a contemporary, reinvented future.
Built to offer modern luxury at its finest, Creek Views I will feature an all-inclusive health club comprising a swimming pool, a fully equipped gym, a sauna, a steam room, as well as a serene outdoor yoga space.
Creek Views I is one of 46 projects constituting over 10,000 units and more than 11,204,623 sq ft of built-up area that Azizi Developments plans to hand over in 2021.-TradeArabia News Service