Azizi Developments will start accepting prequalification applications for AED 20bn ($5.44bn) worth of contract tenders for its projects in Dubai in 2018.
Construction on the various projects is set to commence 60 days from now and will be delivered by 2020, the developer announced.
This is the firm’s largest tender announcement to date and is in addition to its existing pipeline of projects that are in various stages of development across the city.
Commenting on the announcement, Mirwais Azizi, chairman of Azizi Group said: “This will be a tremendous year of growth and expansion for Azizi Developments. The new tenders are our largest number released so far and will contribute to our already packed portfolio of projects which we aim to deliver on schedule by 2020.”
He added: “This announcement represents our commitment to developing the real estate landscape in Dubai even further, utilising the latest technology in building design and architecture to create entire communities that stimulate a multi-faceted lifestyle.
Since last year, Azizi Developments has been working closely with its contractors and sub-contractors to push forward with development to deliver projects ahead of schedule.
The company is currently working on more than 200 projects in 2018. Among the biggest projects are Azizi Riviera – the developer’s flagship development in Meydan One, followed by Azizi Victoria – the mega-community project in Mohammed Bin Rashid Al Maktoum City – District 7.
Among the other projects in the pipeline are Royal Bay by Azizi and Mina by Azizi on Palm Jumeirah, Azizi Aliyah Residences and Farhad Azizi in Dubai Healthcare City, and Azizi Farishta, Azizi Plaza, among others in Al Furjan.