Azizi Developments, the UAE-based real estate developers, announced that it has both completed and handed over Candace Acacia Serviced Residences and Candace Aster Serviced Residences; the two $125 million worth premium serviced residential projects it has been working on in Al Furjan.
In his comment on the announcement, Farhad Azizi, the CEO of Azizi Developments explained that the concept behind the two projects was to meet the growing demand for premium living spaces in Al Furjan as serviced apartments are an important category that Azizi Developments will focus on in the upcoming years, adding that the company has seen Al Furjan as an emerging suitable location for premium residential real estate that will offer a comfortable community for its residents.
Candace Acacia is constructed over a total area of 335,246 square feet and it will comprise 316 units that will vary between studio apartments and one-room apartments. On the other hand, Candace Aster, which spans a total construction area of 259,757 square feet will comprise 227 units that also vary between studio apartments and one-room apartments.
It is worth mentioning that, in the past three years, Azizi Developments delivered more than 800 units in 8 projects in Al Furjan, and it is planning to finish nine other projects by 2020.