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Dubai, October 12 2017: Azizi Developments, one of the fastest growing developers in the UAE, was named Developer of the Year at the Construction Innovation Awards ME 2017 for the second year in a row. Azizi Developments surpassed competition from Damac Properties, Deyaar Developments, MAG and Sobha Group to receive the award. Fawad Azizi, Deputy CEO of Azizi Developments, was presented with the award at a glittering awards ceremony held at the St. Regis Hotel in Dubai on Wednesday, 11 October 2017.
Commenting on the win, Farhad Azizi, CEO of Azizi Developments, said: “We are proud to be recognised by Construction Innovation Awards as the Real Estate Developer of the Year for the second consecutive year. We have grown to where we are today owing to the relentless efforts of all our employees at Azizi Developments. I thank them for their unwavering support and commitment to the company’s vision which is to further develop the emirate of Dubai as a world-class city by delivering unique community lifestyle projects.”
This is the second edition of the Construction Innovation Awards organised by BNC Publishing who publish leading industry titles such as Construction Business News ME. Commenting on the awards, Wissam Younane, CEO of BNC Publishing said: “The construction sector is the architect of Dubai, whose innovative approach and mega developments have enabled Dubai to achieve its vision of becoming a world-class city. These awards recognise the individual excellence, corporate strengths and project success of the region’s real estate companies.”
Azizi Developments has witnessed a rapid pace of growth in the past few years. Established in 2007, the company’s diverse experience in the property market has driven the value of its current portfolio in the emirate to AED20billion with more than 100 projects in various stages of development.
Furthermore, Azizi Developments is one of the very few developers that invests its own equity into a project, in the range of 10-20% prior to the launch. This translates into greater stability of projects and ultimately enhances transparency between the company, its customers and other stakeholders. It also enables the company to successfully meet the delivery timeline for its projects.
Some of Azizi’s most notable projects are its numerous developments in Al Furjan and the AED12billion Azizi Riviera waterfront development in Meydan One. Azizi Developments has over 18,000 studio, one, and two-bedroom apartments lined up for delivery in the next two years in Dubai Healthcare City, Al Furjan, Palm Jumeirah, Studio City and Sports City.
After recording sales of over AED1.3billion at Cityscape Global 2017 held during September 11 - 13 in Dubai, the developer said it would announce two new mega developments at Meydan in the last quarter of this year.