Dubai remains one of the most attractive destinations for investors due to the comfort and legislation provided by the Emirate government. New high-quality development projects are constantly being implemented, supplemented by infrastructure of a modern transportation network and advanced amenities.
Muviz Azizi, chairman of the board and founder of Azizi Property Development, emphasized the strategic location of Dubai, close to major Asian and Indian markets, increasing the appeal of the emirate for investors. Dubai has a unique ability to attract investors from all over the world, including Europe, especially after the challenges posed by the COVID-19 pandemic.
He also highlighted Dubai's resilience and ability to ensure a stable economic environment even during crisis periods, pointing to ongoing innovative solutions by the emirate's governmental entities.
Azizi Property Development allocated three billion dirhams as an investment in the company 'Father', launched by the rulers of Dubai under the leadership of Sheikh Mohammed bin Rashid al-Maktoum, and plans to build a medical complex, including a hospital and a research center, as well as a cluster of three to four hotels and 10-15 residential complexes, with incomes from which will be directed to the medical complex.
Muviz Azizi also revealed the company's plans to launch a new large residential project in Dubai, which will be adjacent to the World Tree. This project will include 250 residential towers with a total of up to 90 thousand residential units. Azizi expects that the company's value will amount to 40-50 billion dollars upon the launch of the new project.
He also noted that the company will detail the specifics of this project in April of this year and expressed confidence in the continued demand for real estate in Dubai, due to the emirate's attractiveness for investments. Azizi emphasized that Dubai has a competitive advantage in the global real estate market, which confirms its position as a leading investment destination.
In the near future, the company plans to expand its operations beyond the Emirates, launching projects in the United Kingdom and Australia, stating that Dubai will remain the main center of the company's activities. Azizi confirmed that Dubai will remain one of the main areas of investment due to its diverse incentives for investors, safe environment, and high-quality infrastructure.
