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Feirouz Residence

Azizi Developments said on Sunday it has relaunched two residential projects in Dubai which were halted due to the global financial crisis six years ago.

Construction has resumed on Yasamine and Feirouz Residence in Al Furjan, a residential property development by Nakheel near the Palm in Jebel Ali, the company said in a statement.

Both residential towers, worth a total of AED250 million ($68 million), will include more than 200 1, 2 and 3 bed units and construction is slated to be completed by late 2015.

Azizi Developments, a subsidiary of Azizi Holding, said it also plans to develop another 18 plots comprises of residential and hotel apartments in Al Furjan and Palm Jumeirah.

Mohsen Kamel, CEO of Azizi Developments said: “We are delighted to announce that we are relaunching our projects, which are escrow compliant, in Dubai. The construction already been started on these two project and will be completed by the fourth quarter of 2015.



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