Azizi Developments says its projects in Dubai are progressing at a rate of 5% each month
Azizi Developments, one of the busiest private developers in the UAE, has revealed that its projects are progressing at a rate of 5 percent each month.
So far in 2019, Azizi Developments said it has poured over 165,000 tons of concrete, erected more than 45 cranes, and constructed in excess of 1.3 million sq ft, recording over 5.9 million recorded man-hours.
It said its projects across Meydan, Al Furjan, Downtown Jebel Ali, Palm Jumeirah and Dubai Healthcare City are well underway, with construction progressing "swiftly".
Farhad Azizi, CEO of Azizi Developments, said: “With our core pillars of customer centricity and transparency, it is of the utmost importance to us to ensure that our customers are kept up-to-date on the progress of their homes.
"We have marked 2019 as our ‘Year of Construction’, with an emphasis on quality development and timely completion - a promise that we are well on track to deliver on.
“The recent announcement by Sheikh Mohammed bin Rashid Al Maktoum pertaining to the establishment of the Higher Real Estate Planning Committee will lead to more innovation, transparency, and value-added supply with less duplication, resulting in a far more balanced real estate landscape that will play a key role in the growth and development goals of the emirate. This ideology will translate into an environment that is conducive to investments.”
Azizi Developments’ Al Furjan projects, Star, Shaista, and Samia, recorded 70, 72, and 89 percent construction completion in the third quarter of 2019 respectively.
Farishta stands at 92, Plaza at 88, and Aura in Jebel Ali at 60 percent while Mina has reached a construction milestone of 68 percent and Aliyah in Dubai Healthcare City has been complete.
Construction at Riviera, its flagship mega project, is also well on track, with phase one having reached 53 percent, and phase two and three having marked 35 and 22 percent respectively.