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Home / Azizi Developments awards contracts worth Dh1.5 billion to develop mega project Azizi Victoria

Azizi Developments awards contracts worth Dh1.5 billion to develop mega project Azizi Victoria


Azizi Developments, one of the leading private developers in the UAE, has awarded two contracts worth Dh1.5 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. Its location in the heart of Dubai provides easy access to the city’s top landmarks, including Dubai Mall and Downtown Dubai.

Spread over a construction area of 33 million square feet, Azizi Victoria in Mohammed Bin Rashid Al Maktoum City – District 7 comprises 105 mid and high-rise residential buildings of 30,000 units of studio, one-, two-, three- and four-bedroom apartments, a retail district and two hotels.

The project is twice the size of the Azizi Riviera canal-development in Meydan One. While Azizi Riviera draws inspiration from the French Riviera, Azizi Victoria has themes and elements influenced by contemporary British culture and way of living.

Azizi Victoria’s architectural style is Contemporary Freestyle, with occasional Postmodern influences. However the design has inherited stylistic influences from the Southern European clustered-town configuration and a number of certain high-street features, specific to British Georgian downtowns.

Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has led the value of its current portfolio in the emirate to over Dh20 billion and more than 100 projects at various stages of development.

Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for two consecutive years in 2016 and 2017, and has been instrumental in developing some of the finest properties in The Palm Jumeirah, Meydan, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Jebel Ali.

PROPERTY FILTER


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