Azizi Developments unveils plans for 2020 and beyond

Real Estate

Azizi Developments unveils plans for 2020 and beyond

Azizi Developments, a forerunning private developer in the UAE, is beginning the new year with a continued, customer-centric dedication to its ongoing projects; potential diversification and international expansions; and a host of new products and advertising activities to appeal to a plethora of nationalities that exhibit growing demand, in line with Expo 2020.

Farhad Azizi, CEO of Azizi Developments, commented: With 2019 having come to a close, we look back with top notch pride at all that we have accomplished. It was a year full of accelerated construction and delivery a year that was marked with infinite success stories, from completions and launches to the many new solutions that weve brought to the real estate sector. Weve succeeded in restructuring the firm into the stable, dependable and obvious partner that our stakeholders want and deserve, operating a lot more effectively than ever before.

We have embarked on a ground-breaking pursuit of turning into the most investor- and customer-centric developer in the UAE and beyond, having taken concrete steps to in addition to enhance our quality, and are now very properly placed to lead Dubais real estate market into a new paradigm of excellence. As we start our journey into the new year and decade, with many greater handovers, thrilling solutions and new chances to come, and with Expo 2020 set to deliver a huge quantity of Foreign Direct Investment into the UAE, we look ahead to a very shiny and promising future. Together, with the unwavering aid and dedication of our stakeholders that we treasure and thank them for, we are assured that we are destined to attain new heights, he added.

Projects that will be surpassed over in 2020 consist of Samia, Farishta, Shaista, Star, and Plaza in Al Furjan an up-and-coming strategic area with excellent connectivity to the entirety of the emirate, Mina on the east crescent of the iconic Palm Jumeirah, Aura the developers freehold residential building in Downtown Jebel Ali, and the first phase of Riviera, its 71-building French Mediterranean-inspired master-planned community assignment in Mohammed bin Rashid City. Azizi Developments will concentrate on handing over its pre-sold inventory throughout 54 ongoing tasks from 2020 to 2023, and will leverage its huge present land bank to give a sustainable boom for years to come.
In addition to its ongoing projects, Azizi additionally has 100+ projects in planning, worth quite a few billion USD. Of these, 48 require much less than 30% of its available land bank, and are set for handover over the time of the subsequent five years.

Azizi is presently searching into opening offices in KSA, Nigeria, and London, and growing in different emirates, neighboring high-growth markets, and more mature markets overseas, demonstrating that a UAE-based real estate firm can improve world-class projects throughout the globe.

Moreover, the company will construct on its currently launched fly-in programme, via which it is inviting the world to Dubai, providing customised five-star tour programs that incorporate flights, all-inclusive hotel stays, and transportation throughout the emirate. Azizi objectives to exhibit its properties throughout the city's top locations, as well as Dubai's many marvels, to overseas investors.

The developer additionally plans to diversify through expanding vertically into hospitality, leasing, facility management and brokerage services. With its contemporary portfolio, landbanks and strategic partnerships, Azizi is well-positioned to enter these markets. Some of the master plans around the lands that Azizi owns permit the developer to additionally look at retail, commercial and hospitality facilities. Azizi is now assessing different sorts of properties and areas for this purpose, to diversify by leveraging its capacity.

To play its part in the preparations and onset of Expo 2020, Azizi is growing a massive attention of projects with direct metro and highway access to the site, which will proceed to be a bright hub of lifestyle and leisure even after the event. Moreover, it will similarly construct on its short-term home rental idea via which it manages and services its customers owned flats for them, and may convert some of its properties into resort units, to cater to the surge in tourism. Azizi is additionally sponsoring the Solar Decathlon Middle East, a competition hosted in the Mohammed bin Rashid Al Maktoum Solar Park in alignment with and for the whole period of Expo 2020, via its sponsorship of Team Tawazun.