UAE-based Azizi Developments has announced that it has sold upward of 40% of its Beach Oasis development in Dubai Studio City.
Beach Oasis is a vibrant, mixed-use community consisting of two buildings that will feature 476 studio apartments, 200 one- and 36 two-bedroom homes, as well as several retail units.
Azizi said investors belonging to 35 different nationalities had bought these units with the lion's share of 24% being snapped up by Russian investors, followed by GCC investors (21%).
The nationality breakdown also conveys a noteworthy demand from European and UK investors, as well as from buyers from Canada, stated the developer.
On the rapid sales, CEO Farhad Azizi said: "Dubai is a microcosm of the world, which is why our projects cater to so many nationalities, furthered by our roadshows, fly-in programmes, and other extensive international marketing efforts."
Built for modern, young adults, Beach Oasis is located in one of the most vibrant and youthful areas of the emirate, adjacent to Dubai Sports City and Motor City.
The modern low-rise residential community boasts an array of amenities, including a beach-like swimming pool - the highlight of the project’s central courtyard - fully-equipped gyms, landscaped gardens, kids play areas and a pristine central courtyard featuring a number of retail options for the convenience of its residents.
"Founded in our commitment to transparency, customer centricity, and the offering of some of the highest quality, world-class properties tailored directly to market needs and wants, our sales framework has proven its worth," he stated.
"This rapid sales at Beach Oasis are undoubtedly a reflection of this still being a buyer’s market, yet one that is at the cusp of a pronounced surge, as well as of Dubai’s attractiveness as an investment destination. Moreover, it is also a testament to the quality of our offerings," he added.-TradeArabia News Service