Azizi Developments records a 37% increase in sales in H2 with 11,000 scheduled handovers in 2023
- More than 6,000 units were sold in 2022, amounting to AED 5.6 billion
Dubai, United Arab Emirates, 2 January 2023: Azizi Developments, a leading private developer in the UAE, ends 2022 on a high note, having sold a total of over 6,000 units, amounting to AED 5.6bn, and thereby having seen a surge in sales of over 37% in H2 2022. Now, in 2023, Azizi plans to deliver approximately11,000unitsacross 45projects in Dubai, spread across the first, second and third phases of Riviera, Park Avenue I, II and III in MBR City and Berton in Al Furjan.
With 28.4 million manhours of construction and over 167,000 cubic meters of concrete having been poured, Azizihasdeveloped more than 152floors across 3.51 million sq. ft of built-up area in 2022.
During the year, Azizi has completed the first seven buildings of Riviera, its French Mediterranean-inspired waterfront lifestyle community in MBR City, as well as the 634-residence condominium, Creek Views I in Dubai Healthcare City. With Riviera selling out rapidly, Azizi has launched Park Avenue III in MBR City, Rêve, its fourth, most distinguished and luxurious phase of Riviera, and Beach Oasis, two residential commercial buildings with a total of 712 units nestled around a beach-like swimming pool.
Azizi has also acquired a highly coveted plot of land on Sheikh Zayed Road on which the developer will soon be launching the second tallest tower in the UAE. Moreover, Azizi hassigned a deal with Dubai South, acquiring a prominent 15 million sq. ft. plot of land with 24 million square feet of GFA for which it will be the master developer, with plans to launch an entire city comprising villas, townhouses, residences and more.
Commenting on the year’s accomplishments,Mr Farhad Azizi, CEO of Azizi Developments, said: “With our record-breaking sales and construction speed, this year has been an exciting one for us at Azizi Developments. As a catalyst to the UAE’s real estate landscape, vision,and growth, we will continue to add value, developing distinctive homes that set the standards in contemporary building design and quality, and that grant investors and end-users unparalleled, enriched lifestyles. 2023 looks very promisingwithnearly 100% of phases 1 and 2 of our megaproject Riviera already being sold out, and the other two phases making rapid progress,as well as several otherprojectsbeing due for completion in the coming months. We value the support of our stakeholders and thank them for their contributions in turning our projects from conceptualisation into reality.”
Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
About Azizi Developments
Azizi Developments is a leading developer based in Dubai, UAE. With tens of thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.
Azizi currently has approximately 100 ongoing projects that are to be delivered by 2023, and an additional 5,000+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2028. The company is renowned for developing the UAE’s second tallest skyscraper, has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers, and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.