Azizi Developments, a private real estate developer in the UAE, signed a deal with Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, acquiring a highly coveted 15-million-square-foot plot of land in one of the most growth-inclined areas of the emirate. With a gross floor area of nearly 24 million square feet, Azizi’s multibillion-dirham plans for the sizable land are yet to be revealed. As part of the agreement, Azizi Developments will be the master developer, in charge of constructing the development’s buildings, its roads, and infrastructure.
The signing ceremony took place on Nov. 21 at Azizi’s stand at Cityscape Dubai 2022 and was presided over by Executive Chairman of Dubai Aviation City Corporation and Dubai South Khalifa Al-Zaffin and Founder and Chairman of Azizi Developments Mirwais Azizi. Also in attendance was CEO of Azizi Developments Farhad Azizi and other key senior management figures from both parties, the media and a crowd of onlookers.
Mirwais Azizi said: “We are excited to embark on this new master development journey, the next era of our growth trajectory and that of Dubai. This sizable land represents an exceptional opportunity to contribute to the satiation of the exponentially increasing demand for world-class properties in the UAE. The emirate continues to solidify its renowned standing as the world’s hub for business, tourism and innovation, underlined by the increasing number of investors and end-users choosing to secure themselves homes here.”
Al-Zaffin said: “We are pleased to sign this plot purchase deal with a renowned developer that enjoys a good track record of developing real estate projects and communities across the UAE. At Dubai South, we select partners that align with our mandate to enrich the lives of residents and professionals across the emirate and support the government’s vision of making Dubai the best global city to live, work and visit.”
The newly acquired land, which is part of Dubai South’s prestigious Golf District, is strategically positioned in the emirate’s growth corridor, with Dubai speedily expanding toward the south. Situated alongside Emirates Road, built to link the emirates together while also providing convenient access points to Dubai’s other major highways and various points of interest, the plot of land is among the best connected in the southern part of the emirate.
Azizi Developments did not disclose its detailed plans for the land during the press briefing held at Cityscape Dubai 2022. It stated that the planning and design for the project are already in advanced stages and that it will develop townhouses, villas, residential apartments, hotel apartments, several types of hospitality projects ranging from three to five stars, and a wide range of amenities, including a swimmable crystal lagoon, water features, parks, sporting facilities, children’s playgrounds, green spaces, innovative infrastructure and more.