Azizi inks pact for land in Dubai South
Azizi Developments signed a deal with Dubai South on Tuesday, acquiring a plot of land of 15 million square feet, with a gross floor area (GFA) of nearly 24 million square feet.
As part of the agreement, Azizi Developments will be the master developer, in charge of constructing the development’s buildings, its roads, and infrastructure.
The signing ceremony took place on Tuesday at Azizi’s stand at Cityscape Dubai 2022. It was presided over by the executive chairman of Dubai Aviation City Corporation and Dubai South, Khalifa Al Zaffin, and the founder and chairman of Azizi Developments, Mirwais Azizi. Also in attendance was CEO of Azizi Developments, Farhad Azizi, and other key figures.
Mirwais Azizi commented: “This land represents an exceptional opportunity to contribute to the satiation of the exponentially increasing demand for world-class properties in the UAE.”
Al Zaffin said: “We look forward to the realisation of this new project, which will undoubtedly become one of the emirate’s most-prized destinations.”
The land is part of Dubai South’s Golf District. Azizi Developments stated that the planning and design for the project are already in advanced stages.
Earlier, on the sidelines of Cityscape, Farhad Azizi told Khaleej Times that the developer was on track to deliver 9,000 units of its flagship Riviera project this year. The developer remains focused on completing its various project currently under development. “We are very excited about the future. We are going to deliver a lot of projects and starting several new ones. We are also looking at other emirates,” Azizi said.