Azizi intends to develop the multiple project, which costs around ten billion dirhams
The project encompasses more than 24 million square feet of total built-up area, and includes townhouses, villas, residences and more in the golf area of Dubai South
[دبي – الإمارات العربية المتحدة] – Azizi, the leading private real estate developer in the United Arab Emirates, has announced the conclusion of an agreement with Dubai South, the largest major urban development project focused on the aviation, logistics and real estate sectors. Under the deal, Azizi acquired a premium plot of 15 million square feet of land, located in one of the most likely areas for growth in the emirate. Details of Azizi’s development of this huge plot have not yet been disclosed, as the project will be worth tens of billions and include more than 24 million square feet of total built-up area. Under the same agreement, Azizi will be the master developer responsible for the construction of the project’s buildings, internal roads and infrastructure.
The signing ceremony was held on November 21 at Azizi’s Pavilion at Cityscape Dubai 2022 (Pavilion A10 – Zabeel Hall 6 – Dubai World Trade Center) in the presence of His Excellency Khalifa Al Zaffin, CEO of Dubai Aviation City Corporation and Dubai South, and Mirwais Azizi, founder of the chairman of the board of Azizi Real Estate Development Company. The ceremony was also attended by Farhad Azizi, CEO of Azizi Company, a number of senior executives from both parties and media representatives.
Commenting on this agreement, Mirwais Azizi said: “We are very excited to embark on the new major development journey for this project, which represents the next era of our growth path in parallel with the continued prosperity seen by the Emirate of Dubai. This plot, with its large area, represents an exceptional opportunity to contribute to meeting demand.” world-class real estate in the UAE in general At the same time, Dubai continues to establish itself as a global hub for business, tourism and innovation, evidenced by the growing number of investors and end-users choosing to purchase their homes in this emirate .
We are honored to extend our sincere thanks and gratitude to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai – “may God protect him”, and the wise leadership in the country, for their role to inspire us to work towards enriching the lives of hundreds of thousands of lucky families who have chosen Dubai as her home. We will release more information about our plans for this landmark project in due course.”
His Excellency Khalifa Al Zaffin said: “We are pleased to sign this agreement to purchase the plot of land with a well-known developer who has a proven track record in completing projects and property complexes across the country. We in Dubai South is keen to select partners compatible with our mission to enrich the lives of residents and workers throughout the emirate.” To contribute to support the vision of our wise government to make Dubai the best global city to live, work and visit, Azizi looks forward to starting the development of this new project, which is one of the most prominent and valuable destinations in the emirate will be.”
It is worth noting that the plot of land purchased is part of the prestigious golf area in Dubai South, and occupies a strategic location within the candidate areas for growth in the emirate, especially with the rapid expansion that Dubai is experiencing towards its southern regions. . The plot is located along Emirates Road (E611) which was built to connect the Emirates and provide convenient access points to other major highways in Dubai and various other points of interest, making it one of the best connected locations in the southern part. of the Emirate.
The plot of land is well-situated for the development of a luxury complex, especially as it is only a five-minute drive from Al Maktoum International Airport, also known as “Dubai World Central”, and a few minutes from the private aviation building. but there will be no air traffic over it.
Azizi did not reveal its detailed plans to develop the plot, but it said that planning and design work for the project had already reached advanced stages, and it would work on developing townhouses, villas, apartments and hotels. The company will develop types of hospitality projects from three to five stars, and a wide range of facilities, including a crystal lake in which you can swim, in addition to water features, parks, sports facilities (such as cycling and running tracks), a number of children’s playgrounds and green spaces. The project will be enhanced with innovative infrastructure and many other things that ensure that the needs of luxury and comfort for the residents are met.
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About Dubai South:
Dubai South is an emerging area of 145 square kilometers, representing a city in the Emirate of Dubai, and is expected to accommodate one million people upon completion.
The city was launched in 2006 as an embodiment of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai – “may God protect him”, by embodying its urban and community elements light in full compliance with the “Dubai Plan 2021”. These elements aim to transform it into a city where happy, creative and empowered residents live, in addition to a comprehensive and coherent complex, a preferred place to live, work and invest, a smart and sustainable city, and ‘ an important hub in the global economy. The economic platform in Dubai South supports various types of businesses and industries. The city is also home to Al Maktoum International Airport, the largest airport in the world when completed.
About Azizi developments
Azizi is a leading real estate developer in Dubai, United Arab Emirates. Having successfully delivered tens of thousands of homes to local and international investors and end-users of over 100 nationalities, the company prides itself on its wide portfolio of modern luxury projects spread across the most attractive residential destinations in Dubai, along with its build-to-build -approach, commitment to transparency and customer focus. . The residential and commercial properties that Azizi develops are ideal for investors and suit all lifestyles. The developer stems from an international mission represented in the development of lifestyles and the enrichment of the lives of its residents, with a focus on stimulating the vision of the markets in which it operates, and ensuring it.
Azizi currently has nearly 100 projects under construction that will be delivered in 2023, and more than 100 additional projects are under planning, valued at billions of US dollars, and expected to be delivered between 2023 and 2025. The company has a strong track record of achievements and projects to be launched. In the future, depending on the large land bank and its strategic partnerships with major developers in Dubai, it also plays an active role in the development of world-class properties in Mohammed Bin Rashid City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Dubai Studio City, Dubai Sports City and Downtown Jebel Ali.
For more information please contact:
Ahmed Malek – Client Relationship Manager – Cicero & Bernay Communications Consultancy
Tel: +971 559 477 808