Azizi Developments' Beach Oasis nears completion at 94%, final works underway
Structural, blockwork, and internal plastering works have all been completed, while tiling, HVAC, and MEP activities now stand at 94%, 99%, and 94% respectively. Façade and swimming pool works are nearing completion at 98% and 88%, with overall finishes at 90%. Elevator installations have reached 71%, and external procedures are progressing steadily at 44%. A total of 1,325 personnel are currently deployed on-site to ensure timely, high-quality delivery.
Comprising 476 studios, 200 one-bedroom, and 36 two-bedroom residences spread across two buildings, Beach Oasis is a modern low-rise residential community that features an outstanding array of amenities, including a large beach-like swimming pool - the highlight of the project's central courtyard - fully equipped gymnasiums, landscaped gardens, children's play areas, and a central square with a multitude of retail options for the convenience of its residents.
Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: 'We are thrilled with the momentum at Beach Oasis, and we look forward to its imminent handover. This development reflects our dedication to delivering high-quality homes on schedule and with outstanding attention to detail. With its prime location and lifestyle-focused amenities, Beach Oasis is shaping up to be one of Dubai Studio City's most sought-after communities.'
Situated on Hessa Street near Sheikh Mohammed Bin Zayed Road, Studio City is a strategic location with excellent accessibility. Residents benefit from a wide range of nearby amenities, including schools and colleges, medical facilities, sports and leisure attractions, and much more. Major attractions in proximity include Dubai Autodrome, the Els Club, Dubai Polo & Equestrian Club, Dubai International Stadium, Football Academy Dubai, Sports Park, ICC Academy, and Miracle Garden, among many others.
Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
About Azizi Developments
Azizi Developments is a leading developer based in Dubai, UAE. With more than 45,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in.
Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper, Burj Azizi, as well as the master planned communities of Azizi Riviera, Azizi Venice, and Azizi Milan, among various other world-class projects across MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Dubailand, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
26 minutes ago
- Khaleej Times
MIRHA Homes launches 27 East End Residences: A new benchmark in luxury living
MIRHA Homes Real Estate Developments LLC has announced the launch of 27 East End Garden Residences, an exclusive freehold residential community in the heart of Warsan 4. Blending modern luxury with nature-inspired tranquility, the development redefines urban living with lush garden views, seamless connectivity, and curated amenities. Strategically located with easy access to Terminal 3, Nad Al Sheba, Dubai Silicon Oasis, Dubai Academic City, and Dubai Land Residence Complex, the project is ideal for both homeowners and investors seeking convenience and calm. The development will feature 96 thoughtfully designed units, including studios, one-bedroom, and two-bedroom apartments ranging from 402 to 1,588 sq ft. Residents will enjoy access to world-class amenities such as a rooftop pool, gym, kids' play area, garden, yoga zone, sauna, sky cinema, and a fully equipped business center. Each unit will be fitted with premium materials and appliances from globally recognised brands, ensuring a lifestyle of unmatched comfort and quality. To ensure high standards of construction and design, MIRHA Homes has partnered with leading industry players: NAF Contracting LLC as the main contractor and EMSQUARE Engineering Consultants as the architectural consultant. Enabling works are being carried out by Gadiyar, and Nakheel is managing the master development. "Our vision with 27 East End Garden Residences is to make elegant living within reach by delivering modern homes that blend style, comfort, and convenience at an affordable price," said Shehroz Bhadelia, managing director of MIRHA Homes Developments. "This launch marks a major milestone in our contribution to Dubai's vibrant residential landscape." The project is scheduled for completion in Q1 2027.
Khaleej Times
26 minutes ago
- Khaleej Times
Fintech Alaan raises $48 million to equip MENA finance teams with AI agents
Alaan, the Middle East's leading spend management platform for businesses, has raised $48 million - one of the largest Series A funding rounds in the history of the region. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA) with significant participation from the founders of 885 Capital, Sudeep Ramnani & Jai Mahtani, Y Combinator, 468 Capital, and Pioneer Fund. The round was heavily oversubscribed and includes both primary and secondary funding. The round also included support from leading regional operators Hosam Arab, founder of Tabby; Mudassir Sheikha, founder of Careem; Jeppe Rindom, founder of Pleo; Khalid Al Ameri, founder of KAM and one of the Middle East's well-known creators; Abdallah Abu-Sheikh, founder of Astra Tech; Yi Wei Ang, CPO of Talabat; Parth Garg, founder of Aspora and many others. The funds will accelerate Alaan's expansion in Saudi Arabia and power the next phase of its growth, focused on AI-driven finance automation. 'The category has demonstrated strong product-market fit in the MENA region, and Alaan stands out as the category leader, demonstrated by their impressive growth trajectory,' said GV Ravishankar, managing director at Peak XV. 'Parthi, Karun, and the team are a high-energy, execution-focused group. Their customer-centric and product-led mindset from day one has enabled them to build solutions tailored to the needs of modern finance teams. We're excited to partner with a company that is shaping the future of fintech in the region,' added Ravishankar. Since launching in 2022, Alaan has processed over 2.5 million transactions and is trusted by over 1500 finance teams at leading companies such as G42, Careem, Tabby, Lulu Group, Rivoli and more. The company launched in KSA earlier this year and has been doubling its transaction volumes MoM for 6 months straight. Sudeep Ramnani, founder and managing partner at 885 Capital, said: 'Alaan is pioneering a new era of finance for businesses in the Middle East, where automation, transparency, and intelligence power every transaction. We're proud to partner with a team that's setting a new standard for how modern companies manage spend.' 'This funding helps us go faster and deeper in KSA while helping us strengthen our roots in the UAE,' added Parthi Duraisamy, co-founder and CEO of Alaan. 'We plan to build a full-fledged finance ops platform for businesses in the region. While our existing AI agents are taking on tasks like receipt matching, manual reconciliation, and VAT extraction to save real time and money, we can now focus on expanding our product offerings to take more manual work off the plate for finance teams and give them full control.' The company's spend management platform has already saved finance teams more than 1.5 million hours of manual work, a number Alaan expects to multiply as it continues investing in automation. Alaan is ramping up hiring across sales, customer success, and compliance in Saudi Arabia with this raise and also its local partnerships to better serve the Kingdom's fast-growing business ecosystem.
Arabian Business
an hour ago
- Arabian Business
Dubai Residential REIT posts AED 622mn profit as occupancy hits 98%
Dubai Residential REIT, the Shariah-compliant real estate investment trust managed by DHAM REIT Management, has announced a net profit of AED 622 million for the first half of 2025, up 10 per cent year-on-year. The REIT posted revenue of AED 958 million, up 10 per cent year-on-year, supported by robust leasing activity and rental rate increases across its residential portfolio. Adjusted EBITDA rose 11 per cent to AED 718 million, maintaining a healthy margin of 75 per cent. Dubai Residential REIT posts strong H1 growth Portfolio occupancy reached 98 per cent, an improvement of two percentage points from H1 2024. The REIT's premium residential properties averaged 98 per cent occupancy, community living assets 97 per cent, and the affordable segment posted 99 per cent occupancy. Corporate housing assets achieved full occupancy. The gross asset value stood at AED 23 billion as of 30 June 2025, up 7 per cent from December 2024, while the REIT maintained a conservative net loan-to-value ratio of 3 per cent and liquidity of AED 2.9 billion. Nabil Mohammad Ramadhan, Chairman of the Board of Directors, said: 'Dubai Residential REIT's strong first-half results mark a key milestone in our journey as a newly listed entity and reaffirm the strength of our long-term strategic vision, institutional governance, and value-driven approach. I am pleased to share that the Board has approved an interim cash dividend of AED 550 million for H1 2025 to be distributed in September 2025, reflecting our confidence in the REIT's financial resilience and long-term value proposition.' 'As one of Dubai's largest residential landlords, the REIT provides unitholders with access to a resilient, professionally managed platform that reflects the city's ongoing transformation and global appeal. Backed by a robust financial foundation and supportive macroeconomic fundamentals, the Board remains focused on ensuring disciplined stewardship, delivering stable income, and driving sustained long-term value for our unitholders — while contributing to Dubai's broader urban and economic development agenda,' he added. Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said: 'Dubai Residential REIT's strong first-half performance reflects disciplined execution across every aspect of our operations — from asset management and leasing to tenant retention and service delivery. Achieving 98 per cent portfolio occupancy and a 75 per cent adjusted EBITDA margin demonstrates our commitment to operational excellence and prudent cost control.' 'Our success is driven by a deep understanding of tenant needs, rigorous property management, and an active focus on maintaining high-quality, well-located communities. As we continue to scale, we remain focused on optimising rental performance, enhancing customer satisfaction, and driving consistent cash flow across all residential segments,' he explained. The REIT follows a semi-annual dividend distribution policy, with payments scheduled in April and September. The Board approved an interim cash dividend of AED 550 million for H1 2025, to be distributed in September. Looking ahead, the outlook for Dubai's residential real estate market remains positive, supported by sustained population growth, rising per capita income, and ongoing government reforms attracting skilled professionals and affluent residents. Dubai Residential REIT's portfolio includes approximately 15,200 residential units spread across 28 communities, offering investors exposure to a diversified and income-generating asset base in Dubai's rapidly growing residential market.
