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.

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