Azizi's Creek Views I is 75 percent sold out to local and international investors

Azizi's Creek Views I is 75 percent sold out to local and international investors

Investors from over 45 nationalities bought apartments in one of the developer's most popular project in Dubai Healthcare City. The development made about USD 100 million in sales.

UAE's leading private developer Azizi Developments has announced the sale of 486 out of 645 units at its world-class Creek Views I project in Dubai Healthcare City. The units sold include 325 studios, 138 one- and 20 two-bedroom apartments and along with three sold retail spaces make up for 75 percent of the total sellable units.

The USD 150 million development was purchased mostly by UAE nationals, representing 25 percent of all the investors, followed by India (14 percent), Saudi Arabia (7 percent) and Jordan (6 percent). So far, more than 45 nationalities have bought units in Creek Views I, which reflects Azizi Developments' efforts in getting foreign nationals to invest in Dubai.

Two-bedroom apartments were the most popular choice among the buyers – all 20 of them have been sold. Studios were the second popular choice with 88 percent of them having been snatched up by investors, followed by one-bedroom apartments, 63 percent of which have been sold. Moreover, three out of 11 retail spaces have also been bought by savvy buyers.

Creek Views I is truly a property purchaser’s delight, boasting stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline. In addition to that, the project has outstanding connectivity. It is 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.

As for amenities inside Creek Views I, this futuristic project features 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 that comprise a total of over 10,000 units and more than 11,204,623 square feet of built-up area, that Azizi Developments is due to complete in 2021.

2020 was a challenging year for all and UAE's property market was no exception but 2021 promises to be more successful. According to a market report by the real estate consultancy ValuStrat, Q1 2021 registered the highest number of home sales transactions in Dubai since 2010. Dubai recorded sales of more than 6,000 ready homes worth USD 3.7 billion as well as 3,600 off-plan properties worth USD 1.3 billion in the first three months of the year alone.

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