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Eye of Riyadh
Eye of Riyadh
Business & Money | Thursday 8 August, 2019 2:30 am |
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Azizi Developments expands into retail, launches sale of 329 outlets across all developments

Adding retail units to its portfolio, Azizi Developments, one of the leading private developers in the UAE, launched the sale of 329 retail units across all of its Dubai developments. Through Azizi Retail, Azizi Developments’ division for outlets, the retail spaces are embedded into its master-planned communities and residential towers, adding leisure, shopping and eatery amenities and creating a bustling social space with a strong potential for business profitability.

Farhad Azizi, CEO of Azizi Developments, said “Retail spaces enhance our communities and are a lucrative investment that our research attributes to growing investor interest in strategically placed brick-and-mortar outlets. It is a mutually beneficial integration whereby our residents benefit from lifestyle-enhancing leisure and convenience options, while commercial entities have a bustling environment to conduct prosperous businesses in.”

Azizi Developments’ recently launched retail space spans across a total of over 410,000 sq. ft. Azizi Riviera houses a total of 177 retail units, developments in Al Furjan comprise 70, Healthcare City towers are host to 42, Palm Jumeirah buildings have 18, and other buildings in Jebel Ali, Sports City, Studio City and Meydan offer 22.

Retail units on Azizi Riviera’s 1.6km integrated boulevard and 2.6km canal walk are considered to be an exceptionally smart investment with the community being home to over 16,000 residents, and it being forecasted to welcome a sizable volume of visitors. With outstanding visibility, ample parking space, substantial footfall, and exceptional connectivity, retail units in Riviera are well-positioned to record a strong investor response.

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