Dubai / Emirates Business
Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth AED1.5 billion for the construction of Phase 1 of Azizi Victoria, which will commence immediately.
Two contractors have been appointed to build 32 buildings with 4,000 units. Green Modelling Contracting has been appointed to construct 16 buildings and Modern Civil International Contracting Company will build the remainder. Construction is due to be completed in Q3 2019.
Mirwais Azizi, Chairman of Azizi Group said: “Azizi Developments has developed a strong reputation in the market for its ability to develop multiple mega-projects and deliver them ahead of schedule. Our goal for 2018 is to continue at the same rapid pace of development and ensure that we meet the growing demand for premier residential real estate in Dubai. The real estate sector in the emirate remains vibrant, driven by strong demand in certain key locations
and we remain committed to delivering adequate supply to meet the aspirations of residents.”
Azizi Victoria will comprise premium residential units inside an
integrated retail district, offering residents a taste of contemporary living as well as plenty of shopping and entertainment options.