Business & Money | Saturday 7 September, 2019 2:30 am |

Azizi Developments, one of the leading private developers in the UAE, has revealed the major construction milestones that it recorded in Q3 2019.

In 2019 alone, Azizi Developments has casted over 117 slabs, poured over 165,000 tons of concrete, erected over 45 cranes, and constructed over 1.3 million sq. ft with a monthly average building progress of nearly 5% per cent and over 5.9 million recorded man-hours. Azizi Developments’ projects across Meydan, Al Furjan, Downtown Jebel Ali, Palm Jumeirah and Dubai Healthcare City are well underway, with construction progressing swiftly.

With each of its properties adding unique value to Dubai’s skyline through their prime locations, outstanding arrays of amenities and architectural artistry, Azizi Developments keeps innovation and customer centricity at the forefront of its development decisions.

Following a location-based pricing strategy, all of Azizi’s projects are situated in highly strategic, up-and-coming locations along the high-growth corridors of the Emirate, offering ease of access to business and leisure attractions, increasing rental yields and strong returns.

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”.

Azizi added, “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.”

With reports of over 25 million expected visitors to Dubai set to catalyse the real estate growth in the build-up to Expo 2020, Aziz Developments’ properties will more than cater to the anticipated uptick in demand.

Azizi Developments’ Al Furjan projects, Star, Shaista, and Samia, recorded 70, 72, and 89 per cent construction completion respectively. Farishta stands at 92, Plaza at 88, and Aura in Jebel Ali at 60 per cent. Mina has reached a construction milestone of 68 per cent, while Aliyah in Dubai Healthcare City has been completed earlier this year. Construction at Riviera is also well on track, with phase one having reached 53 per cent, and phase two and three having marked 35 and 22 per cent respectively.