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Azizi schedules 46 projects to be completed in 2021

Azizi projects_IFM_Image
The real estate developer plans to hand over homes to more than 10,000 families this year

UAE-based private property developer Azizi Developments has said that 46 projects are scheduled to be completed in 2021. The developer is set to hand over homes to more than 10,000 families this year. In a statement, Azizi further revealed that the company will launch around 40 new buildings worth around $1.9 billion, mostly in its existing communities.

Chief executive officer Farhad Azizi told the media, “This year threw at the world a challenge that we have yet to overcome. However, we count our blessings with the closing of 2020. For the UAE, as well as for us at Azizi, this has been a year of achievements and milestones, proving our resilience during the most challenging of times.”

“Our construction was mostly unaffected by the pandemic as we continued catalysing the development of this marvellous emirate. We have handed over nearly 3,000 units this year alone — residences that will define the lifestyles of thousands of happy families. It gives me immense pleasure to say that as we enter 2021, we will continue to strive for the very best; our spirits remain high and our ambitions clear as ever.”

Despite the coronavirus pandemic, Azizi revealed that it had an eventful year where it constructed over 3.68 million sq ft of built-up area. In August last year, Azizi Development announced that it will invest around $952 million to construct 45 buildings comprising 11,000 homes in Dubai. The investments will be made by Azizi over a period of 2-3 years. The projects include 14 and 22 buildings in Riviera Phase 3 and 4 respectively, three Avenue buildings in MBR City, two projects in Dubai Healthcare City, and four projects in Al Furjan.

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