Azizi Developments says it is gearing up towards the completion of its ongoing projects, with 46 projects scheduled to be completed this year.
Moreover, plans are afoot to launch another 40-plus new buildings worth around Dh7 billion ($1.9 billion), mostly in its existing communities, says the leading Emirati developer.
Despite the pandemic-induced challenges that the real estate industry faced, Azizi says it celebrated a high-performance 2020 by casting over 300 storeys, pouring over 239,000 cu m of concrete, constructing over 3.68 million sq ft of built-up area, and recording more than 17.6 million work hours, underlining its construction-driven and customer-centric way of operating.
The developer now plans to deliver on its promises by handing over homes to more than 10,000 families in 2021.
CEO Farhad Azizi says: “The year threw at the world a challenge that we have yet to overcome. However, we count our blessings with the closing of 2020. For the UAE, as well as for us at Azizi, this has been a year of achievements and milestones, proving our resilience during the most challenging of times.
“We have handed over nearly 3,000 units during the year alone. It gives me immense pleasure to say we will continue to strive for the very best.”
In the build-up to Expo 2020, Azizi Developments is developing a large concentration of projects with direct metro and highway access to the site, which will continue to be a vibrant hub of culture and leisure even after the event.