UAE-based Azizi Developments has said that by the end of 2022, it sold more than 6,000 units, worth US $1.52bn, and is now set for the handover of 11,000 units across 45 projects in Dubai later this year. The handovers will include homes in the first, second and third phases of Riviera, Park Avenue I, II and III in MBR City and Berton in Al Furjan.
With 28.4mn manhours of construction and over 167,000cu/m of concrete having been poured, the developer constructed more than 152 floors across 3.51mn sqft of built-up area in 2022, it said.
During the year, Azizi completed the first seven buildings in Riviera, its French Mediterranean-inspired waterfront lifestyle community in MBR City, as well as the 634-residence condominium, Creek Views I, in Dubai Healthcare City.
In mid June 2022, Azizi began handing over homes in Creek Views I in Dubai Healthcare City and, in early August 2022, it said it was making rapid progress on its Park Avenue residential community.
Commenting on the year’s accomplishments, CEO Farhad Azizi stated, “With our record-breaking sales and construction speed, this year has been an exciting one for us at Azizi. As a catalyst to the UAE’s real estate landscape, vision, and growth, we will continue to add value, developing distinctive homes that set the standards in contemporary building design and quality, and that grant investors and end-users unparalleled, enriched lifestyles.”
With Riviera said to be selling out rapidly, Azizi launched Park Avenue III in MBR City, Rêve, its fourth, most distinguished and luxurious phase of Riviera, and Beach Oasis, two residential commercial buildings with a total of 712 units nestled around a beach-like swimming pool.
The developer said a major achievement for the group in 2022 was the acquisition of a ‘highly coveted plot of land on Sheikh Zayed Road’, on which it will soon be launching the second tallest tower in the UAE.
In mid August 2022, the developer said it had chosen ‘best in class’ suppliers for its Park Avenue project.
Azizi has also signed a deal with Dubai South, acquiring a prominent 15mn sqft plot with 24mn sqft of GFA, for which it will be the master developer, with plans to launch an entire ‘city’, comprising villas, townhouses, residences and other key amenities, the developer concluded.