2019 CW Power 100: Mirwais Azizi of Dubai's Azizi Developments is #28

2019 CW Power 100: Mirwais Azizi of Dubai's Azizi Developments is #28
Mirwais Azizi is the founder and chairman of Dubai-based Azizi Developments.
Published: 30 June 2019 - 4:40 a.m.

Mirwais Azizi is the founder and chairman of Dubai-based Azizi Developments, one of the biggest names in the UAE’s real estate market.

The group has been extremely busy over the past 12 months and Mirwais’s son, chief executive officer Farhad Azizi, told Construction Week in April that the group launches a project approximately every month.

Azizi Riviera, the $3.2bn (AED12bn) waterfront residential project that Azizi Developments is building in Dubai’s Meydan One neighbourhood, has achieved an overall construction completion rate of 40%, officials from the real estate company told Construction Week earlier this year.

Phase 1 of the development has noted 50% progress, followed by 35% completion of Phase 2.

Of the 71 buildings being constructed as part of Azizi Riviera, 18 are included in Phase 1, and 17 in Phase 2.

Phase 3 comprises 13 buildings, while the fourth stage features 22 structures. Two buildings each in the third and fourth phases are 22 floors high.

Check out the 2019 Construction Week Power 100 issue here.

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