UAE developer Azizi launches new division to add Dubai retail portfolio

Azizi Retail has launched the sale of a total of 329 retail units which are embedded into its communities and residential towers in Dubai. UAE-based Azizi Developments has announced the launch of a new retail division to add shops to its growing portfolio of properties across Dubai. Azizi Retail has launched the sale of a total of 329 retail units which are embedded into its master-planned communities and residential towers in Dubai.

Farhad Azizi, CEO of Azizi Developments, said: “Retail spaces enhance our communities and are a lucrative investment that our research attributes to growing investor interest in strategically placed brick-and-mortar outlets.

“It is a mutually beneficial integration whereby our residents benefit from lifestyle-enhancing leisure and convenience options, while commercial entities have a bustling environment to conduct prosperous businesses in.”

Azizi Developments’ recently launched retail space spans across a total of over 410,000 sq ft. Azizi Riviera houses a total of 177 retail units, developments in Al Furjan comprise 70, Healthcare City towers are host to 42, Palm Jumeirah buildings have 18, and other buildings in Jebel Ali, Sports City, Studio City and Meydan offer 22.

Azizi Developments has a portfolio worth over AED45 billion in Dubai, with more than 200 projects under various stages of development.