Azizi Developments will launch 50 new developments in 2017 across Dubais residential, commercial and retail sectors.
The new projects are currently in the land acquisition, permit application and design stages. The launch adds to the companys impressive portfolio, involving 20 different UAE-based projects valued at around AED 7.3bn.
The announcement of such a high number of projects for next year demonstrates the confidence that Azizi Developments has in Dubais property and real estate market.
Farhad Azizi, CEO of Azizi Developments, said: The rapid development of local infrastructure shows the full commitment of the Dubai government in its delivery of announced plans.
The government systems are in place to encourage development from a micro perspective. When evaluated at the macro level, we are finding that currencies are in our favour; in addition, the new government changes in the United States and Europe are directing investments towards this region. This launch not only reflects our success but showcases Dubais booming real estate market.
The company currently has 15 projects in Al Furjan, two in the Palm and the first in Dubai Healthcare City. Its flagship project is AED 750mn Azizi Mina Hotel Apartments located on the crescent of the Palm Jumeirah.