UAE-based Azizi Developments said it ended 2022 on a high note, having sold a total of more than 6,000 units, worth AED5.6 billion ($1.52 billion) and is now set for handover of 11,000 units across 45 projects in Dubai later this year.
These include projects spread across the first, second and third phases of Riviera, Park Avenue I, II and III in MBR City and Berton in Al Furjan.
With 28.4 million manhours of construction and over 167,000 cu m of concrete having been poured, Azizi has developed more than 152 floors across 3.51 million sq ft of built-up area in 2022, said the developer.
During the year, Azizi completed the first seven buildings of 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.
With Riviera selling out rapidly, Azizi has 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, it stated.
The Dubai 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.
Moreover, Azizi has signed a deal with Dubai South, acquiring a prominent 15 million sq ft plot with 24 million sq ft 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.
On the year’s accomplishments, CEO Farhad Azizi said: “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.”
“2023 looks very promising with nearly 100% of phases 1 and 2 of our megaproject Riviera already being sold out, and the other two phases making rapid progress, as well as several other projects being due for completion in the coming months,” observed Azizi.
“We value the support of our stakeholders and thank them for their contributions in turning our projects from conceptualisation into reality,” he added.