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Azizi Developments is a leading private developer in the UAE. In the past 6 months, the number of local and international broker registrations has increased significantly by 263%. In order to establish itself as a mature enterprise, similar to real estate participants in more mature markets, developers are now paying more attention to their professional brokerage network and focusing more on outsourcing sales rather than directly executing them.
High commissions, weekly commission payments, and rigorous broker training and assistance are all important reasons for such substantial growth. Due to increased demand, brokerage sales generated AED 875 million in revenue between January 21 and July 21, compared to AED 129 million in 2020.
Farhad Azizi, CEO of Azizi Developments, said: “We are ecstatic about the huge response to broker registration, but I am not surprised because with our current investment portfolio, land bank and strategic relationship, we have always been very good- Positioning to enter the brokerage service industry. We have implemented several new measures to support our brokerage services, including improving commission payments, discounts and fixed pricing policies, and strengthening marketing support.”
Riviera is a trendy seaside lifestyle destination located in the heart of MBR. When completed, it will include 71 mid-rise buildings and approximately 16,000 residences. It is conveniently located in the central city of all commercial, leisure and retail centers. Aims to introduce Dubai to the French-Mediterranean lifestyle, which is not only about architectural art, but also about a certain “joy of life”-a celebration of life, a spiritual ecstasy, Riviera represents a new A landmark destination, both residential and commercial, with abundant retail space.
The Riviera has three areas: a vast retail boulevard, a lagoon walk with artisan restaurants and boutiques, and Les Jardins, a lush and expansive social space. With its strategic location close to the upcoming Meydan One Mall and Meydan Racecourse (host of the Dubai World Cup), as well as Dubai’s most famous attractions, the Riviera represents the most coveted project of Azizi Developments one.
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