Azizi inks pact with Dubai South for mega plot of land

Azizi Developments signed a deal with Dubai South on Tuesday, acquiring a plot of land of 15 million square feet, with a gross floor area (GFA) of nearly 24 million square feet.

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 Tuesday at Azizi’s stand at Cityscape Dubai 2022. It was presided over by the executive chairman of Dubai Aviation City Corporation and Dubai South, Khalifa Al Zaffin, and the 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.

Mirwais Azizi commented: “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: “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. We look forward to the realisation of this new project, which will undoubtedly become one of the emirate’s most-prized destinations.”

The newly acquired land, which is part of Dubai South’s Golf District, is situated alongside Emirates Road (E611). With just a five-minute drive to the Al Maktoum International Airport, but without any air traffic above it, the land is well-positioned for a luxury community to be developed.

While detailed plans were not disclosed, Azizi Developments 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.

Earlier, on the sidelines of Cityscape, Farhad Azizi told Khaleej Times that the developer was on track to deliver 9,000 units of its flagship Riviera project this year. “We have already delivered 7,500 units and will complete another 1,500 by the year-end,” he said.