Mirwais Azizi, founder and chairman of Azizi Developments, is among the new entrants in the 2018 Construction Week Power 100 listing. He has had an extremely productive year at the helm of the Dubai-based real-estate development company.
As of March 2018, Azizi Developments had confirmed that more than nine of its projects would be delivered ahead of schedule. This included seven serviced apartment projects in Al Furjan, worth $490m (AED1.8bn), including the Azizi Star Hotel Apartments and Azizi Farishta Serviced Apartments, which are set to be delivered in Q2 and Q3, respectively.
The $212m (AED780m) Mina by Azizi on the Palm Jumeirah is also set for a Q3 2018 delivery, and then there is the sold-out Azizi Aliyah Residences in Dubai Healthcare City, valued at $128m (AED470m).
Azizi, who heads up one of Dubai’s biggest private property developers, is sitting on a pipeline of building projects worth $12bn (AED45bn). This year, the firm launched what he said would be the most ambitious construction venture in his company’s 11-year history: building the world’s fifth-tallest skyscraper.
In an exclusive interview with Construction Week, Azizi said the skyscraper on Sheikh Zayed Road would enter the record books once the ambitious project was completed by its anticipated deadline of between 2021 and 2022.
The skyscraper project is expected to cost $816m (AED3bn), which includes the cost of buying the land. Revealing details of the megaproject to Construction Week this March, Azizi said: “I am looking at every square foot of this project to ensure that it finishes successfully and is delivered on time.”