The Chairman of the Board of Directors and founder of the “Azizi Real Estate Development Company”, Maris Azizi, revealed the company’s intention to announce next April, the details and plans of its latest huge real estate projects in Dubai, which will be close to the global village, explaining that the project will include 250 residential towers, with a capacity of 90 thousand housing units.
My dear told «Emirates Today» that the company has 50 to 60 thousand housing units under construction in Dubai, expecting the value of “dear real estate development” with the launch of the new project about 40 to 50 billion dollars.
In detail, Maris Azizi said that the company will reveal, next April, the details of its latest major real estate projects in Dubai, which will be near the global village.
He added that the project will include 250 housing towers with a capacity of 90 thousand housing units.
My dear stated that the company witnessed a remarkable growth between the years 2014 and 2024, stressing that the real estate sector in Dubai is witnessing a great demand, thanks to the high investment emirate’s attractiveness.
He stressed that Dubai has a distinctive competitive environment in the real estate sector worldwide, which enhances its position as a major investment destination.
Azizi expected that the value of the “Azizi Real Estate Development” company with the launch of the new project is about 40 to 50 billion dollars, indicating that the company has 50 to 60 thousand housing units under construction in Dubai.
He also expected the opening of the “Azizi Tower” in Dubai, which is the second tallest tower in the world with a height of 725 meters, in 2029, explaining that the tower will be from 131 floors, and will include a variety of housing units, hotel spaces and retail stores.
He revealed that the company plans in the near future to expand its business by spreading in different countries around the world, to establish projects in the United Kingdom and Australia, stressing that Dubai will remain the basic headquarters of the company, as the city will acquire the largest part of the company’s expansion plans.
Azizi said that Dubai is one of the most prominent investment destinations in the world, especially in the real estate sector, thanks to the various facilities it provides to investors, as well as the safe environment that prevails in the city, and the quality of the infrastructure in which it exceeds many capitals and international cities, indicating that the emirate has achieved records that are the highest ever in several sectors, including the real estate market. He explained that one of the most prominent factors that makes Dubai is attractive to investors, the facilities and legislations provided by the Dubai government, in addition to the development projects that are being implemented continuously and in high quality.
He added that Dubai is characterized by a modern transport network and advanced facilities, including highways and international airports, which facilitates access to Dubai, and makes it a point of communication between global markets.
Azizi referred to the strategic Dubai website, and its proximity to the large markets in terms of population in Asia and India, enhancing its attractiveness to real estate investors.
Azizi stressed that Dubai has an exceptional ability to attract investors from all over the world, including Europe, especially after the challenges imposed by the Kofid-19 pandemic, as Dubai has proven its superior ability to recover and sustainable growth, which made it a favorite destination for investors looking for a stable and safe environment for investment.
He also stressed the flexibility and success of Dubai in providing a stable economic environment even during crises, pointing to the speed of the procedures in the emirate, given that its governmental bodies provide innovative services.
Allocating the revenue of 4 hotels and 15 housing units to support the “Stopping of the Father”
The Chairman and Founder of the “Azizi Real Estate Development Company”, Maris Azizi, said that, through the company’s contribution of three billion dirhams, in support of the campaign “Stopping the Father” launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, a medical complex will be established that includes a hospital and a research center, and he also revealed that three to four hotels will be built, as well as 10 to 15 units, so that its revenues are transferred to the medical complex. Pointing out that financial support will be provided to the complex permanently from the revenues of these facilities.
. 50 billion dollars the expected value of the company, with the launch of the new project.
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