Dubai, UAE: Azizi Developments, one of the leading private developers in the UAE, has announced that it will start accepting the prequalification applications for AED 20 billion worth of contract tenders for its projects in Dubai in 2018. This is in addition to the developer’s existing pipeline of projects that are in various stages of development across the city.
Construction on the various projects is set to commence 60 days from now and will be delivered by 2020. This is the largest tender announcement from the developer till date and will contribute to its real estate portfolio over the next few years.
Commenting on this announcement, Mirwais Azizi, Chairman of Azizi Group said: “This will be a tremendous year of growth and expansion for Azizi Developments. The new tenders are our largest number released so far and will contribute to our already packed portfolio of projects which we aim to deliver on schedule by 2020.”
He added: “This announcement represents our commitment to developing the real estate landscape in Dubai even further, utilising the latest technology in building design and architecture to create entire communities that stimulate a multi-faceted lifestyle. Since last year, Azizi Developments has been working closely with its contractors and sub-contractors to push forward with development to deliver projects ahead of schedule. Our goal is to ensure that we meet the commitments we have made to our buyers and investors by delivering high-quality living.”
Azizi Development is currently working on developing more than 200 projects in 2018. Among the biggest projects are Azizi Riviera – the developer’s flagship development in Meydan One, followed by Azizi Victoria – the mega-community project in Mohammed Bin Rashid Al Maktoum City – District 7.
Among the other projects in the pipeline are Royal Bay by Azizi and Mina by Azizi on Palm Jumeirah, Azizi Aliyah Residences and Farhad Azizi in Dubai Healthcare City, and Azizi Farishta, Azizi Plaza, among others in Al Furjan.
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 over 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, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Jebel Ali.