Origin is ancient Persian. The wife of King Darius II (reigned 423 B.C. to 405 B.C.)of Persia was named Parysatis. The story in Arabian Nights references this Queen, but calls her a princess named Parizade. The story states that the meaning is 'child of the genii'. A website for Iranian names and origins gives Pari, meaning 'fairy or fairy like', and Zadi or Zade, meaning happy. So the meaning of Parizade could be construed today as: happy fairy child.
Thanks, Merriment, for pointing me in the right direction!!!