Azizi Developments plans to deliver 3,500 units of its projects in 2019, Alkhaleej newspaper reported, citing the CEO of the UAE-based real estate firm as saying.
The real estate developer has about 190 projects in the pipeline in Dubai, Farhad Azizi revealed, adding that the company is also looking for better investment opportunities in Abu Dhabi.
The UAE has the highest return on real estate investment ranging from 5% to 9%, compared to 1% to 3% in other attractive real estate markets across the world, he noted.
Dubai’s real estate market has started to witness a significant improvement in 2019 ahead of Expo 2020 Dubai, Azizi added.
The six-month Expo 2020 Dubai, the first ever World Expo to take place in the Middle East, Africa and South Asia region, will take place during the period between 20 October 2020 and 10 April 2021 and is expected to welcome more than 25 million visitors.