- News
- Sale of one of the most expensive plots in Dubai, signing a contract with Azizi Developments and projects from Northacre
One of the most expensive plots in Dubai was sold for $41 million.
Jumeirah Bay Area – 4,400m² The land was purchased by a UAE National for building a mansion spanning 7,000m². The previous most expensive plot on Jumeirah Bay was sold in December 2021.
Azizi Developments signed up distributor of concrete products
Azizi Developments signed up distributor of concrete products, Transgulf Cement Product, for supply of shot-blasted pavers in landscape works within Azizi Riviera project. Azizi Riviera is a premium project that includes a complex with 16,000 apartments
Northacre, a luxury property developer based in London and subsidiary of Dubai investment banking firm, Shuaa Capital
Northacre, a luxury property developer based in London and subsidiary of Dubai investment banking firm, Shuaa Capital, is shifting focus from prime projects in the UK to the UAE and wider GCC. Key reasons:
- Land shortage in London
- Rising taxes
- Slowdown in international buyers
Sources: Gulf News, The National News, Zawya
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