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UAE's Azizi Developments invests in 329 Dubai retail units

Through its Azizi Retail division, retail spaces will be embedded into its master-planned communities and residential towers

Azizi Developments has invested in 329 units through its Azizi Retail division.
Azizi
Azizi Developments has invested in 329 units through its Azizi Retail division.

UAE developer Azizi Developments has expanded into Dubai’s retail sector by investing in 329 units through its Azizi Retail division.

Azizi said that the retail spaces are embedded into its master-planned communities and residential towers, which will add leisure, shopping and eatery amenities.

The developer recently launched a retail space comprising a total of more than 410,000m² at the Azizi Riviera development in Al Furjan, which has a total of 177 units.

Commenting on the retail expansion, Azizi Developments CEO Farhad Azizi 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.”

He added: “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.”

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Construction Week - Issue 747
Aug 03, 2019