Interview: Top Dubai developer sees demand returning, says oversupply must be addressed

  • Date: 12-Aug-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Interview: Top Dubai developer sees demand returning, says oversupply must be addressed

"Since construction is progressing so rapidly and sales are growing again in a post-lockdown ramp-up, coupled with a substantial increase in sales enquiries, this indicates a pronounced uptick in demand for our world-class properties,“ he continued.Farhad Azizi, CEO of Azizi Developments.LOCATIONThe location of the projects was also a key factor in the developer's confidence that the projects will sell, as the areas where the new buildings will be constructed, Mohammed bin Rashid (MBR) City, Dubai Healthcare City and Al Furjan, are seen as the emirate's most sought-after locations.Of the 45 buildings to be built, 36 are in Riviera Phases 3 and 4, MBR City, which is Azizi's four-phase mixed-use development. Another three are in Azizi's Avenue Buildings, also in MBR City, two are in Healthcare City, and four are in