Developer meets with Dubai Land Department following announcement of ambitious 2017 plan
Azizi Developments says it has met with officials in Dubai over an ambitious plan to launch 50 new projects in the emirate over the coming year.
The UAE developer said it met with the Dubai Land Department to discuss the economic situation, current market conditions and regulatory changes.
“The Chairman of Dubai Land Department, HH Sheikh Mohammed Bin Khalifa Bin Saeed Al Maktoum and General Director, HE Sultan Butti Bin Mejren met with Azizi Developments to discuss the 50 new projects to be developed in various areas in Dubai, which are currently in the land acquisition, permit application and design stages,” the developer said in a statement.
“Following the productive meeting with Dubai Land Department, Azizi Developments’ confidence in the market’s potential for high returns appears to be justified.”
Farhad Azizi, CEO of Azizi Developments, said: “The meeting was very fruitful and bolstered our confidence for the possibilities of 2017. This early progress demonstrates our commitment to delivering the announced plans for the upcoming year.
“The meeting confirmed the upward trend of property prices. Those who are savvy enough to start buying properties now will see significant returns in 2017. Our expectations for the coming year are for real estate and property prices to reach unprecedented heights.”