Azizi Developments, a leading UAE-based real estate developer, has announced its newest project in Dubai's  burgeoning district of Al Furjan - the Azizi Plaza.

The Plaza, a 12-storey structure with an additional two podium levels, will encompass residential, commercial and retail space featuring fully furnished serviced apartments catered towards convenient, affordable luxury living for professionals and nuclear families.

Farhad Azizi, CEO of Azizi Developments, said: “Azizi Plaza is another project in our line of ‘affordable luxury’ apartments that have been popular with investors and clients in the past. It has been earmarked as a good time for investment in real estate and we at Azizi Developments hope that investors would place Azizi Plaza at the top of their lists.”

Sprawling over 59,760 sq ft and valued at approximately Dh430 million ($117.07 million), Azizi Plaza will have on-site hotels, outdoor sports facilities, community retail centre, common areas, landscaped gardens, schools, public transport access, private pool, spa, and gym.

The plaza will encompass a total of 434 units comprising 286 studios, 46 one-bedroom apartments and 102 two-bedroom apartments – and a total retail space of 9,400 sq ft. Azizi Plaza is scheduled for completion by 2018.

The project will offer a flexible payment plan: a one per cent down payment to secure the unit and another four per cent within 30 days. Subsequently, the plan also requires a 2.5 per cent for the next 10 months and 70 per cent upon handover.

Al Furjan community is in close proximity to Discovery Gardens, The Gardens, and Ibn Battuta Mall that features Novo Cinemas, over 30 restaurants and a Geant supermarket. – TradeArabia News Service