By: Mahmoud Gamal
Dubai-based Azizi Developments plans to deliver nine projects in Dubai with total 4,000 residential units by the end of 2019, the company’s CEO Farhad Azizi revealed.
These projects include five buildings in Al Furjan area, the first phase of Azizi Riviera at Meydan one, a number of units in Azizi Mina in Palm Jumeirah, Azizi Aliyah Apartments in Dubai Health Care City, and Azizi Aura Residence in Downtown Jabel Ali, Farhad Azizi told Mubasher in an interview.
Azizi Developments has completed 13 projects in Dubai, as well as 41 buildings and six global shopping centres, he indicated, noting that it has over 200 completed and ongoing projects within the emirate.
The company is looking forward to mark 2019 as its success year by recording robust sales, handing over projects as scheduled, in addition to taking part in innovative initiatives that support Dubai’s real estate sector, Azizi said.
He also revealed that Azizi Developments has been successful in owning more attractive properties with the help of several financial institution partners.
The CEO also said that he constantly check work progress of the company’s projects to ensure it comes in line with the agreed standards.
Dubai’s real estate market has witnessed a paradigm shift from the housing communities to the freehold of properties due to the vision of the government, Azizi said.
He stressed that the Government of Dubai is determined to develop the real estate sector within the emirates while taking the interests of customers into consideration and boosting the confidence of investors in the market.
Moreover, he emphasised that Azizi Developments has to strengthen its international presence over the coming period.
Under the current regulations set by Dubai Land Department and the Real Estate Regulatory Agency to protect ownership rights, many regional and international investors believe that Dubai has become a safe option for investment, Farhad Azizi noted.
Translated by: Mai Ezz El-Din