Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million
Tuesday, January 24, 2023
Wednesday, January 4, 2023
UAE developer records a 37 percent increase in sales, 11k handovers scheduled
Azizi Developments records a 37 percent
increase in sales, over 6000 units were sold in 2022 amounting to AED5.6bn
Azizi Developments, a real-estate developer in the UAE sold a
total of 6000 units in 2022 amounting to AED5.6 billion resulting in a 37
percent surge in sales. In 2023, the developer plans to deliver over 11,000
units across 45 projects in Dubai.
Last year, Azizi completed the first seven buildings of
Riviera, the French Mediterranean-inspired waterfront community in MBR
City as
well as, Creek Views I in Dubai Healthcare City.
Launching soon on Sheikh Zayed Road is the second tallest tower
in the UAE, Azizi has also signed a deal with Dubai South, acquiring a 15
million sq. ft. plot.
“With our record-breaking sales and construction speed, this
year has been an exciting one for us at Azizi Developments. 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,” said, Farhad Azizi, CEO of Azizi
Developments.
“2023 looks very promising with nearly 100 percent 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. We value the support of our stakeholders and
thank them for their contributions in turning our projects from
conceptualisation into reality,” he added.
The Shaikhani Group has successfully partnered with a broad spectrum of real estate
developers and independent stakeholders to identify, develop and execute
projects in the real estate sector. The Group started in the mid-1990s with a
single project located in Karachi. Today, the Group has a diversified portfolio
of projects spread across various locations as well as internationally. The
group is also working on new project ideation and development to widen their
reach even more in the future.
The Shaikhandi Group is
privately held by Mr. Mohammad Abubakar Shaikhani who brings over three decades
of experience in property development and asset management under his belt. His
diverse background includes working for several local and international
organizations including an investment bank, a mortgage lender, a construction
company among others, that have helped him hone his entrepreneurial skills to
identify potential areas of growth and invest accordingly in them once they are
identified.
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