Azizi Developments is planning to launch five residential buildings in Dubai Healthcare City and a building next to the UAE Exchange metro station in the Downtown Jebel Ali area.
The company's chief executive, Farhad Azizi, told The National the buildings in Healthcare City will all be 15 storeys, with commercial space on the ground floor. The first of these is set to be launched "very soon", with the other four being brought forward early next year.
Mr Azizi said his company had been one of the first private developers to buy plots within the Phase 2 expansion area of Healthcare City from Dubai Healthcare City Authority back in 2007.
“We’ve been going back and forth ever since. That small plot was converted into a bigger plot, and then a bigger one. We truly think that this area is going to become a good residential area. It’s very convenient for the airport, Sheikh Zayed Road – everywhere.”
The company’s initial development plans for Dubai were focused on plots at Nakheel’s Palm Jebel Ali and Dubai World Central. It spent Dh3.5 billion buying more than 920,000 square feet of land in these locations in 2008, launching a pair of projects at the Palm Jebel Ali.
However, following the financial crisis and the restructuring of Dubai World, the Palm Jebel Ali's master developer Nakheel shelved the development of Palm Jebel Ali, and Azizi Developments swapped its plots for land at Al Furjan and for three plots in Palm Jumeirah.
“We had a very close relationship with Nakheel. After the crisis, they told us that they had 30 master communities, but they were focusing on 17 or 20 of them. We were humbled to be part of the discussion, and took part in the ones that were actively running.”
It has since launched 17 projects in Al Furjan, but it is only in the past week that the first one – the 109-unit Azizi Yasmine block – has completed.
Mr Azizi said that 858 apartments will be completed this year as four more Al Furjan blocks are handed over.
“There is another one expected in about 15 to 20 days from here – Azizi Feyrouz. Then there is Liatris coming in 45 days from now, followed by Orchid and by Iris.”
The 20 projects under construction have a development value of Dh7.3bn, he said, and include two projects being developed from its three Palm Jumeirah Plots – Royal Bay, a Dh350 million project containing 90 apartments that was launched in January and is 85 per cent sold, and the recently launched Mina project, which has been created by merging its two remaining Palm Jumeirah plots. It is a 178-unit development with a value of Dh750m containing four penthouses, 120 one-bedroom and 54 two-bedroom units.
Mr Azizi said it is planning to launch “10 to 15 minimum” new projects next year, which would bring the development value of its portfolio up to Dh10bn. These will include most of the Healthcare City buildings, projects on four recently-acquired plots at Al Furjan, and the new building at Downtown Jebel Ali, which he said will be 18 or 19 storeys.
“There is a project manager for it, the designs have started and we are already working on the layouts.”
Mr Azizi said he remained confident about the prospects for Dubai’s property market.
“There’s a lot of talk about rents being down and prices being soft. But I can only judge based on our sales figures – and our sales have been good. Every month it has been better.”
mfahy@thenational.ae
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Where to buy art books in the UAE
There are a number of speciality art bookshops in the UAE.
In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show.
In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.
In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
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Four motivational quotes from Alicia's Dubai talk
“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”
“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”
“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”
“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”
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Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
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5pm: Maiden (PA) Dh80,000 (Turf) 1,600m
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6.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m
7pm: Maiden (PA) Dh80,000 (T) 1,200m
7.30pm: Handicap (TB) Dh100,000 (T) 2,400m
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5pm Wathba Stallions Cup Maiden (PA) Dh70,000 (Dirt) 1,400m
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The bio
Favourite vegetable: Broccoli
Favourite food: Seafood
Favourite thing to cook: Duck l'orange
Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania
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Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
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Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
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Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
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