Largest ever tranche of contracts for developer with 200 projects planned for this year
Azizi Developments will start accepting the prequalification applications for $5.4bn (AED20bn) worth of contract tenders for its Dubai projects, the developer announced on Sunday.
The developer, which recently announced plans to build the world’s fifth tallest tower in Dubai, said construction on the various projects is set to commence 60 days from now and will be delivered by 2020.
“This will be a tremendous year of growth and expansion for Azizi Developments,” said Mirwais Azizi, chairman of Azizi Group. “The new tenders are our largest number released so far and will contribute to our already packed portfolio of projects which we aim to deliver on schedule by 2020.
“This announcement represents our commitment to developing the real estate landscape in Dubai even further, utilising the latest technology in building design and architecture to create entire communities that stimulate a multi-faceted lifestyle.”
He said Azizi Developments has been working closely with its contractors and sub-contractors to deliver projects ahead of schedule.
“Our goal is to ensure that we meet the commitments we have made to our buyers and investors by delivering high-quality living,” he said.
Azizi Development is currently working on developing more than 200 projects in 2018. Among the biggest projects are Azizi Riviera, the developer’s flagship development in Meydan One, and Azizi Victoria, the mega-community project in Mohammed Bin Rashid Al Maktoum City – District 7.
Among the other projects in the pipeline are Royal Bay by Azizi and Mina by Azizi on Palm Jumeirah, Azizi Aliyah Residences and Farhad Azizi in Dubai Healthcare City, and Azizi Farishta, Azizi Plaza, among others in Al Furjan.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.