Launched in August 2016, Mina by Azizi is a luxurious residential and commercial project by the leading private property developer, Azizi Developments. The development is located on the eastern crescent of the iconic Palm Jumeirah and was named after and inspired by the Azizi CEO’s daughter, Mina Azizi. The lobby even features an exclusively commissioned mural with her name on it.
The project Mina by Azizi offers a total number of 178 units, among which are one and two-bedroom apartments and penthouses as well as premium serviced residential apartment building of ten storeys that offers hotel facilities from Azizi Developments.
Almost 70% of the total area is designated for landscaped gardens, green spaces, a running track and a kids play area. Furthermore, residents of Mina by Azizi Properties will have full access to a private beach, a dedicated retail hub, concierge service and covered parking. The properties in the luxurious development offers panoramic views of Dubai and the Palm Jumeirah coastline.
Location.
Residents of Azizi Mina can benefit from easy access to the Palm Monorail so key districts such as Dubai Marina & Downtown Dubai are easily reachable for residents without private vehicles.
Mina by Azizi is surrounded by a range of luxury 5-star hotels, leisure attractions as well as many shopping hubs. Among the nearby hotels, homeowners can visit Anantara The Palm Dubai Resort, Rixos The Palm Hotel & Suites and the Waldorf Astoria Palm Jumeirah within 10 minutes by car. They all feature premium spa services and a range of gourmet restaurants.
As stated by Azizi Developments, the company saw a significant rebound in property sales in December 2020. To be more specific, the transactions made up nearly a quarter of its annual sales. The company recorded noteworthy sales across a number of projects, including Mina Apartments on Palm Jumeirah.
Palm Jumeirah is in high demand among end-users and investors. According to the data by DLD, the transactions on the island have doubled during the first quarter of 2021, compared to the same period in 2020. The average transaction price for apartments have also increased, rising to AED 3.9M.
International investors see Dubai as a stable and safe economy to buy property, particularly when it comes to investing in large value assets available in areas of Palm Jumeirah. ROI for one-bedroom apartments on the island has reached 5.5%.