Azizi Developments' Azizi Grand reaches 35% construction milestone
The building's structure is 88% complete, while blockwork has reached 51%, internal plaster 43%, and tiling, façade installation, and elevator fittings are advancing in parallel. HVAC and MEP works stand at 19% and 16% respectively. The swimming pool is also taking shape, currently at 7% completion. With over 720 workers now deployed on-site to accelerate development, overall finishes are at 18%.
Azizi Grand will comprise 431 spacious homes with a mix of studios, one-bedroom apartments and two-bedroom residences, as well as a fully equipped state-of-the-art gymnasium, two swimming pools, children's play areas, BBQ areas, and landscaped gardens, among a wide range of other health and convenience focused amenities.
Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: 'We are pleased to see construction at Azizi Grand moving ahead steadily, with key milestones already completed across the core build stages. With its strategic location in Dubai Sports City and its emphasis on wellness-focused living, this development is shaping up to become a key residential landmark. We look forward to welcoming our valued investors and residents to their new homes in due course."
Azizi Grand offers residents the best of luxury and sports, with a focus on modern, healthy, and sustainable living. With open, customizable layouts, spacious balconies that stretch across the entire lengths of the apartments overlooking the vast greenery surrounding the building, built-in shelving and cabinetry for tasteful storage in the bathrooms, built-in wardrobes and vanity units in the bedrooms, soft modern lighting, exquisite tiling, framed floor-to-ceiling double-glazed windows with breath-taking views, customizable open-plan kitchens with premium cabinets and appliances, and much more, Azizi Grand offers those who will reside in it truly unique and prestigious homes with an upscale living experience.
Strategically located on Al Fay Road, Azizi Grand, a unique development within the popular Dubai Sports City, is at the heart of the action, yet remains at a comfortable distance from the daily grind of the city. Nestled among schools, sports academies, equestrian clubs, golf clubs, stadiums, and lush greenery, Azizi Grand is situated just minutes from Al Khail Road and Mohammed bin Zayed Road, making it one of the most accessible and strategically located areas in the emirate. Strategically located in Dubai Sports City, Azizi Grand is in close proximity to Motor City, the Dubai Autodrome, and Jumeirah Golf Estates, and just a short drive from Dubai Studio City, Dubai Marina, Bluewaters, the Expo site, and Al Maktoum International Airport — offering residents seamless connectivity to many of Dubai's key lifestyle and leisure destinations.
Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
About Azizi Developments
Azizi Developments is a leading developer based in Dubai, UAE. With more than 40,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi's residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in.
Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper and an AED 2.5 billion opera, which is its gift to the city, as part of its cultural district at Azizi Venice. Azizi has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai's key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Dubailand, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
About Azizi Developments
Azizi Developments is a leading developer based in Dubai, UAE. With more than 40,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi's residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in.
Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper and an AED 2.5 billion opera, which is its gift to the city, as part of its cultural district at Azizi Venice. Azizi has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai's key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, City of Arabia, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
22 minutes ago
- Zawya
Al Salam Bank announces record profits for H1 2025
Manama-Bahrain – Al Salam Bank (Bahrain Bourse Trading Code 'SALAM', Dubai Financial Market Trading Code 'SALAM_BAH') announced net profits attributable to shareholders of USD 98.2 million for the six-month period ended 30 June 2025 ('H1 2025'), reflecting an increase of 30.9% from USD 75.0 million in H1 2024, and a return on equity of 16.9%, up from 15.6% in the previous year. This increase in profitability was predominantly driven by the strong performance of the Group's core banking operations. Correspondingly, earnings per share increased by 29.0% to USD 31.8 cents in H1 2025, compared to USD 24.7 cents in H1 2024. During the first half of 2025, the Group successfully executed a wide range of optimization initiatives to enhance its operational efficiency which was evident in the reduction noted in the cost-to-income ratio during the period from 49.9% in H1 2024 to 45.3% in H1 2025. The Group's balance sheet sustained its upward momentum, with total assets rising by 10.8% to USD 20.76 billion in H1 2025, up from USD 18.73 billion in 2024. Financing assets increased by 8.3% to USD 10.52 billion, while customer deposits grew to USD 14.07 billion, recording a growth of 7.1% from USD 13.14 billion as at 31 December 2024. Total shareholders' equity increased by 11.7% to USD 1.07 billion in H1 2025 compared to USD 956.2 million as at 31 December 2024, supported by the net profit recorded during H1 2025 as well as the successful closing of several key capital building initiatives including the Bank's USD 450 million Additional Tier 1 (AT1) capital issuance. Consequently, the Group achieved a strong capital adequacy ratio of 25.2% as of 30 June 2025, up from 24.8% achieved in 2024. Commenting on the results, His Excellency Shaikh Khalid bin Mustahail Al Mashani, Chairman of Al Salam Bank, said: 'Building on the strong momentum set in the first quarter of 2025, Al Salam Bank sustained consistent growth across its core operations despite the turbulent geopolitical and economic landscape. As global markets remain volatile and opportunities emerge in the region, our ability to adapt and perform with resilience has been a defining strength. We remain focused on long-term value creation, underpinned by strong fundamentals, disciplined risk management, and a forward-looking strategy for sustainable growth in the second half of the year.' Rafik Nayed, Group Chief Executive Officer of Al Salam Bank, added: 'Our H1 2025 results demonstrate the resilience and adaptability of our business model. We have advanced our strategic priorities by improving our operational efficiency, investing in digital innovation and reinforcing our regional capabilities with ASB Capital. Looking ahead, we will continue to deepen client relationships and pursue opportunities across banking and asset management to fuel long-term, diversified growth.' The full set of financial statements, reviewed by external auditors KPMG, is available on the Bahrain Bourse and Dubai Financial Market websites.
Zawya
22 minutes ago
- Zawya
Al Ansari Financial Services H1 operating income up 13% to $173.7mln
Al Ansari Financial Services, a leading non-banking financial institution and services provider in the GCC, has delivered a resilient and record breaking performance in the first half of 2025 (H1'25), reporting a 13% year-on-year (YoY) increase in operating income to AED638 million ($173.7 million). The record results are attributable to the consolidation of BFC Group results from Q2 2025 and the strong performance across the majority of business lines, the company said. This growth, achieved despite persistent geopolitical headwinds, reinforces the group's resilience, market leadership and the success of its long-term strategy to drive sustainable growth by capitalising on the UAE's and wider GCC's robust economic momentum, it said. H1'25 financial and operational highlights * 11% YoY increase in EBITDA to AED287 million with an EBITDA margin of 45% due to increase in operating income. * Net profit after tax increased by 3% YoY to AED212 million due to the increase in operating income arising from the consolidation of BFC Group results, offset by the increase in finance cost as a result of the shareholder's loan availed for the BFC acquisition. * Total transactions increased by 10% YoY to 28 million. * Outward remittances value of transactions saw a 12% increase YoY. * Bank notes value of transactions reported a 105% increase YoY. * Wage Protection System (WPS) number of salary disbursals saw a growth of 25% YoY. * Digital channels reported an increase of 30% YoY in the number of transactions, accounting for 23% of the overall outward remittances. The group's total number of physical branches reached 439 in H1'25, with Al Ansari Exchange reaching a total of 274 branches in UAE, as a result of 15 net new branches since H1'24 and 165 net branches acquired as part of BFC, across Bahrain, Kuwait and India. The company said acquisition formalities of Al Ansari Exchange in Kuwait is expected to be completed by the end Q3'25 (subject to regulatory approvals). It also said Al Ansari Digital Wallet is set to be launched in Q3'25. Rashed A Al Ansari, Group CEO of Al Ansari Financial Services, said: 'We continue our strong momentum in the first half of 2025, building upon our positive first-quarter results coupled with the consolidation of BFC results into the Group during the second quarter. Despite the ongoing geopolitical challenges and fierce competition, we achieved solid growth across our business segments through our focus and discipline on execution and customer experience. Our results are a testament to the strength of our business model, the trust of our customers, and our commitment to delivering accessible, technology-driven financial solutions. "We continue to successfully grow our customer base and market share, underscoring the resilience of our brand," he said. "Through the acquisition of BFC Group, we have delivered on our promise, of expanding our footprint beyond UAE, where we are already the undisputed market leader. Our strategic growth initiatives and recent acquisition are designed to future-proof the company, positioning us for success in an evolving financial landscape. In addition, we have begun integrating AI into our systems, and the early results have been promising and have exceeded initial expectations," he added. "As we look ahead, we remain deeply aligned with the UAE's and the GCC's overall vision for a digitally empowered and inclusive economy. We will continue investing in technology, focusing on customer experience, and pursuing sustainable growth that delivers long-term value to our shareholders, customers, and the communities we serve.' Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, added: 'H1 2025 was defined by robust operational execution across the group, as we focused on strengthening service delivery, driving efficiency and preparing for future growth initiatives. We achieved notable improvements in customer engagement as well as process optimisation across both our physical and digital avenues. "A key milestone was the consolidation of the BFC acquisition into the results of the group, which marks a crucial step forward in our growth strategy. This acquisition is crucial for the Group as it expands our geographic reach and enhances our ability to serve a wider and larger customer base with greater scale and capability. "We are also on the verge of launching our much-anticipated digital wallet—a market-changing innovation that promises to revolutionise the way our customers manage their finances. Designed with accessibility and ease-of-use in mind, the wallet will empower customers to store, send, and spend money more conveniently and securely than ever before. "We remain focused on seamless integration, operational excellence, and value add opportunities that will reinforce our market leadership in the sector." -TradeArabia News Service Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Khaleej Times
22 minutes ago
- Khaleej Times
Dubai: Mosques, Eid prayer grounds to get upgrades under new agreement
Mosques and prayer grounds in Dubai are set to undergo upgrades, as a new strategic agreement has been signed in the emirate's government. The Dubai Municipality and the Islamic Affairs and Charitable Activities Department in Dubai (IACAD) signed the agreement in order to: Overhaul the infrastructure of religious facilities Preserve heritage mosques Enhance the design of Eid prayer grounds Improve the management of funeral and cemetery services Stay up to date with the latest news. Follow KT on WhatsApp Channels. Heritage mosques Under the agreement, a unified vision for the design and construction of mosques will be established. The authorities aim to also preserve cultural, religious, and architectural heritage. Dubai Municipality will restore and maintain heritage mosques and IACAD will manage their operations, including providing imams, muezzins, preachers, religious programmes, and daily cleaning services. Dubai Municipality will review and simplify relevant procedures, expedite permit approvals, and incorporate IACAD's approved engineering, planning, and construction standards into the Dubai Building Code. Temporary prayer facilities will be established for on-site workers, and donors will be encouraged to support mosque construction using advanced 3D printing technology. Funeral and cemetery services Dubai Municipality will also develop and upgrade mortuary washing facilities. IACAD will oversee all Shariah-related aspects, including appointing staff for washing, shrouding, and burial, training personnel, licensing mortuary washers, issuing permits for volunteers, and ensuring full compliance with religious procedures. Marwan Ahmad Bin Ghalita, Director General of Dubai Municipality, said that the partnership strengthens the entities' efforts to provide high-quality services and enhance quality of life while "preserving the authentic character of historic mosques and prayer sites." Ahmed Darwish Al Muhairi, Director General of IACAD, said, "Our goal is to create spaces that embody Islamic values, preserve heritage, and serve all segments of society.' Eid prayer grounds The agreement also includes improvements to Eid prayer grounds. Dubai Municipality will undertake beautification works, issue permits and develop the grounds according to an upgraded model that includes facilities for commercial outlets and required construction features. IACAD will operate the grounds, provide administrative support, and monitor operations. This agreement is set to deliver high-quality, sustainable religious facilities and support social activities that uphold Islamic values.
