Azizi Developments Records Heightened Interest From Chinese Investors During Dubai Property Show Shanghai

Press release

Published September 4th, 2018 - 04:10 GMT

During the event

Azizi Developments, one of the leading private developers in the UAE, is proud to be a sponsor of Dubai Land Department’s (DLD) Dubai Property Show (DPS) – Shanghai. The event was attended by a number of select leading real estate, brokerage, and finance companies from Dubai.

During the show, held at Everbright Exhibition & Convention Centre Shanghai from 31st August – 2nd September, DLD delegates focused on Dubai being the best investment and tourism destination, underpinning the investment opportunities available to buyers. Azizi Developments pavilion at the show attracted a healthy attendance from Chinese investors and buyers.

Mirwais Azizi, Chairman of Azizi Group, said: “Our sponsorship of the event was integral as it granted us access to foreign investors from China. Over the past two years Chinese buyers have consistently ranked among Dubai’s top ten foreign investors, consolidating the economic growth resulting from UAE-China investments. We look forward to a long-term partnership with DLD and the Dubai Property Show in representing Dubai as one of the most alluring cities in the world to live, work, and invest in.”

At the exhibition, the company showcased flagship projects like Azizi Riviera, the AED 12 billion development comprising 16,000 units in Meydan with views of the Dubai Canal and Dubai skyline. It also showcased the Azizi Victoria project, featuring 105 mid- and high-rise residential buildings comprising 30,000 studio, one-, two-, and three-bedroom apartments, a mega integrated retail district, and two hotels, situated south of Meydan One and west of The Meydan Hotel. Also present was the AED 780 million Azizi Mina project, situated on Palm Jumeirah and spanning 16,500 sq. ft, which will provide 120 one-bedroom and 54 two-bedroom apartments, as well as four penthouse residences and six retail units.

The latest data released by DLD reveals that 7,013 Chinese investors made 9,640 real estate transactions from July 2002 until July 2018 worth AED 14.34 billion, with a continuous increase in the volume of investment from 2013. Chinese investor activity has also been consistently growing on an annual basis with 749 investments valued at AED 1.05 billion as of July 2018.

Background Information

Azizi Developments

Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.