Azizi Developments acquired a highly coveted plot of land from Meydan

Record growth in the average rent was registered in Dubai in August 2022.

According to global commercial real estate services, CBRE. Average rental prices increased by 24.8% compared to August 2021. In August 2022, average rental prices:

• Apartments – $23,900
• Villas – $71,600

Leading areas in terms of average rental price:

• Apartments – Palm Jumeirah ($60,700)
• Villas – Al Barari ($254,600)

Azizi Developments acquired a highly coveted plot of land from the developer, Meydan.

Sheikh Zayed Road The project for which the land was purchased is under development and will include residential, hotel and retail space. Earlier, Azizi announced the start of sales of beachfront apartments in the Riviera Rêve.