Dubai developer's unit sales hit pre-pandemic levels

Dubai developer's unit sales hit pre-pandemic levels

At the moment Azizi's sales volume has reached a healthy level with 12 to 15 units being sold per day.

Leading UAE developer Azizi Developments has announced that its unit sales have reached their pre-pandemic levels as of March 2021.

Sales had notably decreased during the lockdown but once it was lifted Azizi began selling around five to six units per day. By the end of 2020, sales almost reached pre-pandemic levels with 10 to 12 units per day, said the developer in its statement.

As of now, its sales volume has reached a healthy level with 12 to 15 units being sold per day.

In terms of unit types, 32 percent of the developer's sales comprise one-bedroom units, 27 percent – retail units, 19 percent – studios, 17 percent – two-bedroom apartments and 5 percent – three-bedroom apartments.

Over the past three months, 69 percent of Azizi Development's unit sales were for Riviera in MBR City, 13 percent for its developments in Al Furjan and 10 percent for its projects in Dubai Healthcare City.

Another 7 percent account for Mina on Palm Jumeirah and 1 percent for Avenue - Azizi's recently launched project in MBR City.

The developer also said it was intended to exceed its pre-pandemic levels, projecting sales upward of 14 units per day in the coming months, largely due to the emirate’s promising future.

Azizi’s resilient sales framework, which is based on its commitment to transparency, customer centricity and its distinguished, world-class properties, has proven its merits.

CEO Farhad Azizi remarked, 'Our extensive portfolio of modern luxury homes across the emirate’s most sought-after residential destinations, coupled with our transparent, construction-driven, and customer-centric approach, have made us a trusted developer of choice for investors and end-users in UAE and beyond'.

'We’re tremendously proud of having reached our pre-pandemic sales volumes this month and look forward to surpassing these, while going above and beyond in ensuring our valued investor’s happiness,' he added.

Comments
See also
  • Distance to the sea: 7 kmCompletion year: III quarter, 2026, off-plan
    4762+CG7 - Dubai Hills Estate - Dubai - UAE
    Dubai Internet City
    6000m
    Mashreq (formerly Sharaf DG)
    5200m
    Mall of the Emirates
    5500m
    Be the first to know about objects for sale
  • Distance to the sea: 10.7 kmCompletion year: I quarter, 2024, off-plan
    JVC District 15 - Jumeirah Village Circle - Dubai - UAE
    Al Khail (formerly Nakheel)
    5600m
    Dubai Internet City
    5600m
    Mashreq (formerly Sharaf DG)
    6200m
    North 43 in Dubai North 43 in Dubai, UAE, is an under-construction project by the reputable Naseeb Group Holdings developer in the Jumeirah Village Circle (JVC) neighbourhood. The 20-storey tower... Details
    Be the first to know about objects for sale
  • Distance to the sea: 1.8 kmCompletion year: III quarter, 2027, off-plan
    45JW+49G Etisalat - Umm Suqeim - Umm Suqeim 3 - Dubai - ОАЭ
    Mall of the Emirates
    1100m
    Mashreq (formerly Sharaf DG)
    2900m
    Umm Al Sheif (formerly First Abu Dhabi Bank)
    4000m
    3 bedrooms
    min. 6 130 000 AED
    1 property from agencies
  • Distance to the sea: 9 kmCompletion year: II quarter, 2027, off-plan
    Empire Livings, Dubai Science Park - Al Barsha - Al Barsha South - Dubai - UAE
    Mashreq (formerly Sharaf DG)
    7200m
    Mall of the Emirates
    7000m
    Dubai Internet City
    8000m
    1 property from agencies