Azizi sold 8,834 units in 2023, schedules delivery of 6,069 more in 2024
Staff Report,
Dubai, UAE
Azizi Developments, a frontrunner developer in the UAE real estate industry, has announced the completion of 7,699 units in 2023, and selling of 8,834 homes, witnessing a 16.5 percent increase in sales compared to 2022. It has already scheduled the delivery of 6,069 residences across 22 buildings in Dubai in 2024, including 19 buildings in Riviera, Azizi Vista in Dubai Studio City, Pearl, and Creek Views II.
In 2023, Azizi has developed a total of over 3.8 million square feet of built-up area across more than 162 floors, with over 204,600 cubic meters of concrete having been poured and more than 30.1 million manhours having been put in.
Azizi contributed to Dubai’s property market by launching several projects in 2023. It has unveiled the Venetian-inspired waterfront lifestyle community, Azizi Venice. The project is set entirely within a swimmable crystal-blue water in the rapidly growing Dubai South. The developer also has several new buildings in the fourth phase of Riviera in MBR City. Furthermore, it celebrated the handovers of Berton, a well-connected residential development strategically located in Al Furjan, Azizi Amber, and over 40 buildings in Riviera.
In 2023, the developer has also received the ‘Middle East Property Developer of The Year’ Award during the 10th Property Consultants and Developers Summit. Moreover, it aims to foray into hospitality with its Dh60 billion hospitality investment plan through the launch of 50 upmarket luxury hotels and resorts and a seven-star hotel in Dubai.
Commenting on the year’s accomplishments, Mr Farhad Azizi, CEO of Azizi Developments, said: “2023 has been an exceptionally good and healthy year for us as a developer, our stakeholders, and the UAE real estate sector as a whole. Marked by outstanding construction quality and speed, a surging demand from international investors that translates into a pronounced uptick in sales, and our launch of Azizi Venice, this year certainly is one to remember. We now look forward to the over-6,000 completions scheduled for 2024, and will remain steadfast in our mission of enriching lives and catalysing the UAE’s real estate sector, hand in hand with our stakeholders whom we thank for helping us turn our projects from conceptualization to reality.”
Ends
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