Azizi Developments To Launch New AED25Bn Project In Dubai

Azizi Developments, a fast growing real estate developer headquartered in Dubai for over a decade, has announced the plan to launch a new mega community project in the heart of Dubai, further signifying the developer’s continued rapid growth in the region.

The new mega project, whose name is yet to be announced, will have a distinctly British feel, with themes and elements influenced by contemporary British culture and way of living. The development will comprise residential, commercial and retail space, with 105 mid-rise and high-rise residential buildings boasting 30,000 apartments.

Mirwais Azizi, Azizi Group Chairman, said: “When we arrived in Dubai 20 years ago, I always had the desire to be part of this city’s success story. The new project announcement comes as part of Azizi Developments’ commitment toward developing a city which has given us many opportunities, including secure investments and business environment, as well as excellent standard of living and education, and a world-class healthcare system.”

The new Azizi Developments project will be located in central Dubai with a construction area of 33 million square feet – twice the size of Azizi Riviera in Meydan One – and will include all facilities needed for its residents to enjoy a happy lifestyle. The development will include education facilities, retail outlets, hospitality, a shopping area and outdoor recreation spaces. Construction of the project is scheduled to begin in November and be completed before Expo 2020.

“The rules and regulations in Dubai have provided an ideal environment for business growth, establishing the city as a preferred destination for trade and property investments. His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for the emirate to emerge as one of the top destinations in the world to reside in has set the benchmark for Azizi Developments’ unique projects across Dubai,” Azizi added.

The announcement comes on the back of the developer’s success at this year’s Cityscape Global and the sellout of Azizi Riviera Phase one and two canal-facing projects in Meydan One.

++About Azizi Developments

Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has led the value of its current portfolio in the emirate to AED20billion and more than 100 projects at various stages of development.

Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for two consecutive years in 2016 and 2017, and has been instrumental in developing some of the finest properties in The Palm Jumeirah, Meydan, Al Furjan, Studio City, Sports City and Jebel Ali.