UAE-based Azizi Developments Azizi Developments plans to construct 45 buildings, providing 11,000 homes, over the next three years. It has announced plans to invest over AED3.5 billion ($953 million) in the construction of 45 buildings across Dubai over the next two-to-three years.
Works include developing 14 and 22 buildings in Riviera Phase 3 and 4 respectively, its three Avenue buildings in MBR City, two projects in Dubai Healthcare City, and four projects in Al Furjan.
It comes after the developer revealed sales of over 80 percent in its ongoing projects, despite the economic crisis caused by the global Covid-19 pandemic.
Azizi has vowed to source materials, such as concrete, steel and aluminium locally, and also build its engineering team and construction methods, so it is less dependent on contractors.
The construction of the Al Furjan and Dubai Healthcare City projects, which will feature around 645 and 973 units respectively; Riviera’s Phase 3, comprising approximately 3,700 units; Phase 4, with around 5,400 units; and the 423 Avenue units, will commence between August and December of this year.
The company has previously revealed plans to complete around 3,000 units in 2020, having already finished two developments in Al Furjan-Samia and Farishta in January and February, before the onset of coronavirus.
