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UAE-based Azizi Developments has announced that it has sold more than 40% of its Beach Oasis development in Dubai Studios.
Beach Oasis is a vibrant mixed-use community consisting of two buildings containing 476 studios, 200 one- and 36 two-bedroom residences, and multiple retail units.
Investors from 35 different countries have bought the units, with 24 percent of the largest share being snapped up by Russian investors, followed by GCC investors (21 percent), Azizi said.
The nationality breakdown also conveyed significant demand from European and British investors, as well as Canadian buyers, the developer said.
Regarding the quick sale, CEO Farhad Azizi said: “Dubai is a microcosm of the world, which is why our programs cater to so many countries, which is further fueled by our roadshows, flight programs and other extensive international marketing efforts .”
Built for the modern youth, Beach Oasis is located in one of the most dynamic and youngest areas of the UAE, next to Dubai Sports City and Motor City.
The modern low-rise residential community boasts an array of amenities including a beach-like swimming pool – the highlight of the project’s central courtyard – a well-equipped gym, landscaped gardens, children’s play areas and a pristine central courtyard housing a number of retail outlets Convenient choice for residents.
“Our sales framework has proven its worth based on our commitment to transparency, client focus and delivering some of the highest quality, world-class properties tailored directly to market needs and wants,” he said.
“The rapid sale of the Beach Oasis is certainly a reflection of what remains a buyer’s market, but is on the cusp of a clear surge, and the attractiveness of Dubai as an investment destination. Furthermore, it is a testament to the quality of our product,” he added. –trade arab news agency
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