Built to inform

Sign up for the daily newsletters

No, Thank you

Azizi Developments announces $2.47bn budget for 2018

New developments to include residential projects in upcoming locations and community-style projects across the city

Azizi Developments budget signing ceremony.
Azizi Developments budget signing ceremony.

Azizi Developments has announced that it will invest $2.47bn (AED9.1bn) across its operations in the UAE in 2018, significantly higher than its investments in 2017.

The budget was approved by group chairman Mirwais Azizi during Azizi Developments’ year-end gala, in the presence of HE Saeed Al Tayer, chairman and CEO of Meydan Group, and Fawad Azizi, deputy CEO of Azizi Developments.

The budget announcement aims to meet the developer’s commitment to establish community lifestyle projects in key locations across the city.

Azizi Developments CEO Farhad Azizi said: “Our developments will include new residential projects in upcoming locations and community-style projects in high-potential areas across the city.

“While 2017 was one of the busiest years for us, we expect to see further business growth and development in 2018 – especially as we near the commencement of Expo 2020, one of the biggest events on Dubai’s calendar for the next few years,” he said.

In 2017, Azizi Developments began working on new projects and handed over several others, in locations such as Al Furjan and Palm Jumeirah.

In addition, the developer launched two residential developments – the canal waterfront project Azizi Riviera valued at $3.26bn (AED12bn) and Azizi Victoria in Mohammed Bin Rashid City – District 7, twice the size of Azizi Riviera.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week Middle East 11th Jan 2020
Jan 16, 2020