Dubai: Azizi Developments, one of the leading private developers in the UAE, has awarded a major contract valued at over AED 216 million to Chirag Contracting, a BRV GLOBAL GROUP company, for developing four plots with a total area of over 1 million square feet.
The contract is divided into two parts with the first valued at AED 164.8 million for developing three plots, with a total area of over 769,515 square feet in Phase One of Azizi Riviera, the flagship waterfront development in Meydan One. The second part of the contract is dedicated to a plot in Al Furjan with a total built up area of over 245,244 square feet, which is valued at AED 51.6 million.
Farhad Azizi, CEO of Azizi Developments, said: “Delivering our projects as per schedule is our top priority and a commitment to our customers. Our new contract with Chirag Contracting, among several others, underlines our focus on working with best-in-class contractors to develop our developments to the highest standards of quality and aesthetics. Chirag brings strong experience in undertaking mega-developments that will ensure the desired standards for both projects. ”
Launched in July 2017, Azizi Riviera is the flagship community development that draws its inspiration from the French Riviera lifestyle. Assuring a strong return on investment, Azizi Developments is on schedule with the progress of the project with several residences in the first phase set to be handed over this year. Upon completion, Azizi Riviera will have 71 mid-rise buildings, with over 16,000 residences including studios, and one-bedroom, two-bedroom and three-bedroom apartments.
Headquartered in Dubai, BRV GLOBAL GROUP is a multinational business group founded in 2000 and is one of the most trusted and qualified engineering and construction contractors in the Middle East, Europe, Africa and Asia.
About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group, which was established in 1989. The company’s diverse experience in the international property market has enabled it to expand to include a portfolio worth over AED45billion in Dubai, with more than 200 projects under various stages of development.
Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for three consecutive years in 2016, 2017 and 2018. The company has been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations & Communications, Azizi Developments
00971 (0) 55 867 3606
© Press Release 2019