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Azizi Developments Projects at Advance Stage

Dubai, UAE, 4th November, 2014: The UAE realty market is finally showing positive signs of recovery with prospective growth, suggesting that the construction industry is flourishing stronger than pre-recession days. To this extent, the market is definitely showing a healthy profile as local developers are cashing in on its potentiality.

UAE’s own home-grown developer, Azizi developments on Sunday announced that it has made a steadfast progress in all its five prime property projects in the UAE namely Feirouz, Yasamine, Liatris, Orchid, Iris with completion date end of December 2015.

Mr. Mohsen Kamel, CEO of AZIZI Developments revealed that the work-in progress that is physically evident at the respective construction sites is a welcome sign of confidence in the company’s commitment to deliver quality infrastructure on schedule while ensuring it also surpasses the high expectations of the would-be buyers.

As the multi-billion dirham full-fledged community development will be housing, a health and recreation club, a swimming pool, convenient and spacious parking lots besides the luxury developments.

“Our commitment to delivery high quality and affordable housing underlines the importance of our dedication and the prominence as one of UAE’s key developer with all the amenities of a thriving residential and business community,” explained Kamel. “The five advance work-in-progress development is part of the company’s investment to expand its UAE operations over the next five years and beyond.”

He added that consultants with very high caliber are monitoring and inspecting the progress of each development on frequent basis.

Mr. Mohsen Kamel, CEO of AZIZI Developments said that the contractors are working round the clock to ensure that the buyers get their money’s work on schedule and with quality. He added that some of the buildings are already on the 1st level floor slab and this is visible from the main road-side, indicating that all is well and taking shape. He expressed satisfaction at the pace the work is going on disclosing that Yasmine and Ferouz developments are being handled by Modern Construction company, while the rest of the projects are undertaken by SS Lootah group.

Azizi developments is focusing towards a long term business approach in all its property projects as the real estate demand is on the upsurge, following Dubai’s announcement of hosting the World Expo 2020.

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About Azizi Developments:

Azizi Developments, a sister concern of Azizi investment and a business arm of AziziHolding, caters to the construction and the real estate sectors in UAE and strategically develop properties to increase future growth while minimizing financial risk. The company is the biggest sub developer within Al Furjan master development by Nakheel, with plans to launch new 7 hotel apartments this year additional to various projects under construction on Palm Jumeirah and Dubai Heath Care City.