Dubai's Azizi says pipeline includes 200 projects
The Dubai developer will begin nine project handovers in Dubai by the end of this year
Dubai-headquartered real estate company Azizi said it has more than 200 projects “at different stages of development” in its pipeline. Moreover, year-end will see the company begin handover on nine projects across Dubai.
These details were revealed as Azizi presented its development strategy to HE Sultan Butti bin Mejren, director general of Dubai Land Department (DLD), and HE Marwan bin Ghalita, chief executive officer of Real Estate Regulatory Agency (RERA).
Azizi’s strategy presentation included details of its completed projects, as well as those that it intends to deliver between now and 2025. The presentation also mentioned construction timelines for these developments.
Commenting on the pipeline, Mirwais Azizi, chairman of Azizi Group, said: “Our project portfolio aims to introduce unique properties and world-class communities befit for a city that continues to raise the bar as one of the best places in the world to work and reside.
“By presenting our portfolio to DLD and RERA, we consolidate our promise to handover our projects on time and at the highest global standards.”
Azizi is noting rapid growth as its pipeline of Dubai projects burgeons. On 30 September, the developer announced that it had teamed up with Bios Middle East (Bios ME), which it called the largest cloud provider in the Middle East, in an effort to enhance its information technology (IT) infrastructure.
The platform, Azizi said, would help it keep its operational costs in check by “reducing expenditure on IT infrastructure while using a platform that is instantly accessible, scalable, and continuously protected against threats”.
Earlier in September, the company’s chairman said that the firm was mulling the floatation of an initial public offering (IPO) for its hospitality and development businesses.
“When [the audit report] is finished, we will see whether to apply,” he told Construction Week’s sister title, Arabian Business.
The audit report’s findings are due by the end of this year, he added.