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FINANCIAL NEWS
Azizi Development receives USD1.22b funds for Dubai projects
07 Sep 2015
(MENAFN) Azizi Developments, the real estate unit of Azizi Holdings, said it received funds worth USD1.22 billion to complete all their 20 property and hospitality projects in Dubai.
In Al Furjan, a master development close to the Expo 2020 venue, the UAE developer is building 17 projects (eight residential and nine hotel/serviced apartments).
“We are ensuring any project that we launch has the financial backing for it. We assure our investors that we will build all our projects that we launch and will not stop,” CEO said.
In order to ensure investors are updated with progress, the developer is sending construction reports every month. Moreover, it allows investors to visit the site and get updates directly.
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