| 21 Nov 2008 |
|
Azizi Investments to Assist Buyers Affected By Global Economic Crisis
- Text size
Dubai - Azizi InvestmentsAzizi Investments
announced that it anticipates to help any buyers - whether investors or end users, who were adversely affected by the current global economic climate. Merwiss Azizi, Founder and Chairman of Azizi InvestmentsAzizi Investments, also stated that although Dubai and Dubai developers were being impacted by the current global economic downturn, he believed its strong fundamentals meant that it would suffer less, and for a shorter time, than any other market.
The developer said Azizi InvestmentsAzizi Investments, is also committed to delivery of all current and planned projects, according to a Press release.
"We are still very keen to implement our plans for growth, but this will now happen at a slower pace. We will focus on delivering our existing projects," said Azizi.
He advised that the initial ambitious plans for growth in 2009 may be adjusted considering the current worldwide markets, and that it would adopt a 'wait and see' approach before launching any new projects.
Although sales had fallen in the last quarter, the company stressed that demand for property in Dubai still outstrips supply.
As people continue to flock to Dubai - drawn by employment opportunities and the tax-free environment. With the cancellation of some projects by smaller developers, this supply shortage will become even greater within a relatively short timeframe.
The developer also praised the efforts of the UAE Government and its master developers in helping to minimise negative market impacts.
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.