Azizi Developments, a UAE-based company, has stated that 85% of its Royal Bay Residence project in Dubai has been sold, reported Arabian Business.
The project is worth of AED 350 million and was scheduled to be completed by the second quarter of 2017.
CEO of Azizi Developments, Farhad Azizi, stated that he considers Dubai a “prime real estate hub” and attracts great interest from expatriates.
The project offers a variety of apartments, including 58 one-bedroom apartments, 30 two-bedroom apartments and two penthouses, as well as beach access, swimming pools, a gym and landscaped gardens, according to Construction Week Online.
Royal Bay Residence adds to Azizi’s developments of thousands of apartment units in Nakheel’s Al Furjan and Palm Jumeriah districts in Dubai, which overall are worth AED 7.3 billion.