Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Dubai Sees Pronounced Uptick in Demand for Retail Units
 
Dubai Sees Pronounced Uptick in Demand for Retail Units

Leading private developer Azizi Developments notes a 60% surge in sales enquiries for retail units in H1 of 2020


Dubai, UAE, 18 June 2020: Azizi Developments, a leading private developer in the UAE, has noted a substantial surge in demand for its 700+ retail units across its communities in Dubai. Since January 2020, the developer has sold 75 units in MBR City’s Riviera, 40 units in Al Furjan, 19 in Dubai Healthcare City, 6 in Jebel Ali, 5 on Palm Jumeirah and one in Dubai Studio City, bringing the total retail units sold to 146. With enquiries having increased by 60%, sales conversions are on the rise. 


Nima Khojasteh, Executive Director - Sales and Marketing at Azizi Developments, said: “We are pleased to see our retail unit sales growing so rapidly, despite global challenges posed by the outbreak of COVID-19, which has temporarily impacted brick and mortar businesses. Tangible interactions will always be key to many businesses, especially those dealing in food and beverages, convenience and health and beauty.”


“Integrating retail space into our lively, strategically located developments and communities is mutually beneficial for our residents, who benefit from easy access to lifestyle-enhancing leisure and convenience options, as well as for commercial entities, who have a vibrant, bustling environment with an abundance of footfall to conduct their business in”, he added.


Azizi’s retail units are embedded into its master-planned communities and residential towers, adding leisure, shopping and eatery amenities and creating a bustling social space with a strong potential for business profitability. The developer has taken several steps to ensure the appeal to - and success of – businesses that will occupy the space, such as through the provision of ample parking space, outstanding visibility due to large roads, wide walkways and substantial traffic, and exceptional connectivity to Dubai’s largest highways. 


Retail units on Azizi Riviera’s 1.6km integrated boulevard and 2.6km canal walk are considered to be an exceptionally smart investment with the community being home to over 16,000 families, and it being forecasted to welcome a sizable volume of visitors as a landmark and cultural hotspot. Azizi’s retail units in Riviera currently start from AED 488K, with a 50% DLD fee waiver and 4 years of free service charge. Investors cann earn a projected ROI of up to 12%. 

 


Posted by : Dubai PR Network Editorial Team
Viewed 4185 times
PR Category : Banking & Investments
Posted on : Thursday, June 18, 2020  2:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Mai Dubai's Zero Sodium Alkaline Water bags Superior Taste A...
Next Story : Ericsson Mobile Money: Enabler of Financial Inclusion and De...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora ME for Every Side of You [5646-Views]
Your Guide to Choosing the Right Face Mask [4211-Views]
10 Million Plastic Packaging Saved: Grohe Launches Initiative to Reduce Plastic [3350-Views]
Meet the #Sephorasquad Middle East Members! [2977-Views]
Karl Lagerfeld Announces Collaboration With Designer Kenneth Ize [2657-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [2538-Views]
Discover the Perfect Gift This Eid Al Adha From Rasasi Perfumes [2517-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [2464-Views]
Dubai Well Poised for Growth in New Business Entities' [2321-Views]
70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, ... [2296-Views]
Kia Launches ‘Live Stream Showroom' to Offer Customers an Innovative Digital Experience [2255-Views]
Toric Tourbillon Slate'' [2247-Views]
IMG Worlds is Back This Friday Park Entry Price at AED 20 Only [2243-Views]
Amp Up Your Beauty Routine With New Products From Missha Cosmetics [2218-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [2185-Views]
UAE Ranks in Top 10 on Kpmg's 2020 Global Autonomous Vehicles Readiness Index, for Third C... [2181-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [2173-Views]
Celebrate Eid with Steve Madden [2050-Views]
Three UAE Students Bag Coveted Princess Diana Award for Outstanding Social Initiative [2046-Views]
17-Year Old Smashed a Guinness World Records Title in His Bedroom [2029-Views]
Dubai Sports World Marks Official Opening at Dubai World Trade Centre [2013-Views]
Dubai Startup Hub and Dtec Announce Winners of Emirati Development Programme [1993-Views]
Dubai Culture Wins Excellence Award From Arab Federation for Libraries and Information [1968-Views]
Champion Cleaners Launch New Home and Office Sanitization Service [1919-Views]
Al Habtoor Motors Launches Summer Surprises Stock clearance on Mitsubishi SUVs 2019 Model... [1911-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories