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Azizi to deliver 11,000 new units in Dubai this year

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UAE-based Azizi Developments said it ended 2022 on a high note, having sold more than 6,000 apartments worth AED5.6 billion ($1.52 billion), and is now poised to build on 45 projects in Dubai later this year. Delivery of 11,000 apartments.

These include projects spread across Phases 1, 2 and 3 of the Riviera, Park Avenue I, II and III in MBR City and Berton in Al Furjan.

With 28.4 million man-hours of construction and more than 167,000 cubic meters of concrete poured, Azizi has developed more than 152 floors in a built-up area of ​​3.51 million square feet by 2022, the developer said.

During the year, Azizi completed the first seven buildings of Riviera, its French Mediterranean-inspired beachfront lifestyle community in MBR City, and Creek Views I, a 634-unit condominium in Dubai Healthcare City.

With the Riviera quickly selling out, Azizi presents Park Avenue III in MBR City, Rêve, the Riviera’s fourth and most exclusive and luxurious phase, and Beach Oasis, two residential-commercial buildings with a total of 712 units , sits around the beach-like swimming pool, it says.

The Dubai-based developer said a major achievement for the group in 2022 was the acquisition of a coveted site on Sheikh Zayed Road, which will soon be the UAE’s first Two tall towers.

In addition, Azizi has signed an agreement with Dubai South to acquire a notable 15 million sq. ft. The entire city including residences and other dwellings. critical facility.

Commenting on this year’s achievements, CEO Farhad Azizi said: “With our record-breaking sales and construction pace, this is an exciting year for us at Azizi. As a catalyst for the outlook, vision and growth of UAE real estate, we will Continue to add value, developing distinctive homes that set the standard for contemporary architectural design and quality, and offer investors and end users an unmatched lifestyle of enrichment.”

“2023 looks very promising, with phases 1 and 2 of our mega-project Riviera almost 100% sold out, the other two phases are progressing rapidly, and several other projects are due to be completed in the coming months,” Azizi observed.

“We value the support of our stakeholders and appreciate their contribution in bringing our project from conception to reality,” he added.trade arab news agency

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