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Tag: Azizi Developments

  • Dubai Property Market Shows Strength Across All Price Segments in 2026

    Dubai Property Market Shows Strength Across All Price Segments in 2026

    A new market analysis has revealed that Emaar generated the highest value of residential sales transactions in 2026 so far, recording Dh30.6 billion in sales—83.2 percent higher than second-placed DAMAC at Dh16.7 billion.

    The figures, released by fäm Properties on July 23, 2026, highlight a market driven by demand at multiple price points rather than concentration in a single segment. The top ten developers collectively recorded 36,808 residential sales transactions worth Dh86.8 billion as of July 22.

    Luxury homes continued to attract high-value buyers, with Emaar leading sales of properties priced above Dh15 million through 387 transactions worth Dh8.4 billion. Omniyat followed with 212 transactions valued at Dh6.5 billion, while H&H completed 178 deals worth Dh6.9 billion. In total, developers sold 1,248 luxury properties worth Dh35.16 billion during the period.

    The fact that Dubai’s leading developers have been driving sales across both the luxury and affordable segments throughout the year is a clear sign of market strength.

    Firas Al Msaddi, CEO of fäm Properties, said the figures reflect a diversified market supported by both investors and end-users.

    At the affordable end of the market, Azizi emerged as the dominant player, recording 8,411 residential sales transactions overall—the highest among all developers—with more than 8,000 sales concentrated in properties priced below Dh2 million. Binghatti ranked second in the affordable segment with 4,268 transactions, followed by DAMAC with 2,247 deals.

    The analysis also highlighted the scale of ongoing development activity. Emaar has delivered nine projects and 3,819 units this year, more than any other developer, and currently has 150 projects under construction, representing the largest pipeline in the market. DAMAC ranked second with seven completed projects, 2,591 delivered units and 113 projects under construction.

    Meanwhile, Reportage has been the most active developer in launching new projects in 2026, introducing 16 developments to the market. The company also ranked among the top ten developers in both overall sales volume and affordable housing transactions.

    The report suggests that Dubai’s property market continues to benefit from a combination of robust luxury demand and sustained activity in the affordable housing segment, supporting growth across a wide range of developers. This aligns with broader market trends showing stabilization in the second quarter of 2026 as the emirate’s real estate sector matures.

    The strong performance across price segments reflects confidence among both international investors and end-users, particularly as foreign buyers remain active in Dubai’s residential market throughout 2026.

  • Dubai Ready-Home Transactions Surge 46.8% in Strongest Monthly Rise Since 2023

    Dubai Ready-Home Transactions Surge 46.8% in Strongest Monthly Rise Since 2023

    The emirate’s residential market recorded robust transaction activity in June even as the ValuStrat Price Index edged down to 220 points from 222.1 in May, bringing the cumulative decline in values since February 28 to 10%.

    Annual price growth remained broadly stable at 0.1%, with villa values easing to 293.7 points and apartment values slipping to 169.1 points against a January 2021 base of 100.

    Off-Plan Dominates Market Activity

    Registration for Oqood, Dubai Land Department’s official system for off-plan properties, rose 32% month-on-month and accounted for 75% of all residential sales in June, though registrations were 16% lower on an annual basis.

    The top property developers by transaction volume were Azizi (28.6%), Damac (7%), Binghatti (6.8%), Emaar (6.6%), Nakheel (3.8%), and Ellington (3.6%). Leading off-plan locations included Azizi Venice (26.1%), Dubailand Residence Complex (4.3%), Jumeirah Village Circle (4.1%), Jumeirah Islands (3.2%), and Majan (2.9%).

    Ultra-Prime Segment Remains Active

    A total of 19 ready-property transactions exceeded Dh30 million in June, including five deals priced above Dh50 million. These ultra-prime sales were concentrated across Palm Jumeirah, Dubai Hills Estate, Emirates Hills, Al Barari, Jumeirah Islands, Downtown Dubai, and DIFC.

    Villas and Apartments Show Mixed Performance

    Villa capital values declined 1.2% month-on-month, while apartment values dropped 0.6%. On an annual basis, the strongest villa gains were recorded in Jumeirah Islands (17.9%), Emirates Hills (10.7%), The Meadows (10%), The Villa (7.8%), and Mira (5.7%).

    However, declines were seen in Mudon (-5%), Victory Heights (-4%), International City (-3.2%), and Dubai Hills Estate (-2.8%). None of the villa communities tracked by the VPI posted monthly gains in June.

    Dubai’s older freehold villa communities are now valued 188% above post-pandemic levels and 76% above the 2014 market peak.

    The apartment VPI was down 3% year-on-year. DIFC led annual gains at 8.1%, followed by Dubai Sports City (6.6%), Dubai Silicon Oasis (6.4%), and Al Quoz Fourth (6%). By contrast, Burj Khalifa (-16.7%), Jumeirah Beach Residence (-13%), and Town Square (-5.7%) posted the sharpest annual declines.

    International City Phase 2 (0.1%) was the only community to register a marginal monthly gain. Overall, older freehold apartment prices remain 70% above post-pandemic levels but 8% below the 2014 market peak.

    The June performance comes as the UAE property market enters a mature phase, with investor sentiment remaining broadly positive despite continued appetite for premium assets and waterfront developments.

  • Azizi Developments Seeks 4,000 Subcontractors for UAE Construction Pipeline

    Azizi Developments Seeks 4,000 Subcontractors for UAE Construction Pipeline

    The Dubai-based private developer announced the large-scale subcontractor drive as part of efforts to reinforce construction capabilities and maintain delivery momentum across multiple ongoing developments in the emirate.

    The procurement initiative targets four core construction trades, with Azizi seeking 1,000 subcontractors in each category: tile installation, blockwork, plastering, and painting (supply and apply). The company emphasized that the drive aims to support qualified contractors while ensuring timely project completion across its growing portfolio.

    “The large-scale initiative underscores the company’s continued construction momentum and long-term commitment to delivering projects on schedule while expanding opportunities for contractors across the UAE’s thriving construction sector,” Azizi stated in the announcement.

    Qualified subcontractors with relevant experience and capabilities are invited to participate in the prequalification process by contacting [email protected], calling +971 52 332 1624, or visiting the company’s dedicated subcontractor portal.

    The procurement drive reflects broader activity across Dubai’s construction sector, which has been operating at elevated capacity following record development launches. Dubai registered over $75 billion in new project launches during the first half of 2026, putting pressure on contractor availability and specialist trade capacity.

    Azizi Developments has been among the most active private developers in Dubai’s residential market, with multiple projects under construction across Dubai South, MBR City, and other emerging communities. The company’s expansion comes as Dubai’s property market recorded $77.88 billion in sales during the first half of 2026, the second-highest half-year performance in the emirate’s history.

    The initiative also signals continued confidence in the UAE’s construction pipeline, as developers race to meet housing demand driven by population growth and sustained foreign investment inflows into the property sector.

  • Azizi Developments Launches Dh75 Billion Hospitality Expansion with 151 Hotels

    Azizi Developments Launches Dh75 Billion Hospitality Expansion with 151 Hotels

    The luxury property will rise within the Azizi Riviera community in Mohammed Bin Rashid City, representing the first project in a broader pipeline designed to support the emirate’s tourism ambitions.

    The programme, delivered through Azizi’s dedicated hospitality arm, includes 100 four-star hotels, 50 five-star hotels, and one seven-star property. More than 90% of the portfolio will be located in Dubai.

    Once completed, the developments are expected to add approximately 60,000 room keys to Dubai’s hospitality inventory while generating over 75,000 jobs across the sector. Several hotel projects are already progressing through design, development, and construction stages, with Azizi managing the programme through its in-house capabilities.

    “Dubai has consistently proven itself to be one of the world’s most stable, forward-looking and opportunity-rich destinations. The emirate’s leadership has built an environment that inspires confidence among investors and developers, enabling bold projects that contribute to its global standing,” said Mirwais Azizi, Founder and Chairman of Azizi Developments.

    One of the most prominent projects within the portfolio will be a seven-star hotel inside Burj Azizi, the developer’s planned landmark tower on Sheikh Zayed Road. The skyscraper is expected to become the world’s second tallest building once completed, introducing a new luxury hospitality destination in the city.

    Azizi emphasized that the investment reflects confidence in Dubai’s long-term economic trajectory and aligns with the vision of Sheikh Mohammed bin Rashid Al Maktoum. “Our Dh75 billion investment in hospitality reflects our long-term commitment to Dubai and our strong belief in its continued growth as a global tourism hub,” he stated.

    The developer is also planning to launch the Azizi Hospitality Academy, an institution designed to train hospitality professionals and provide internationally recognized programmes for the UAE’s expanding tourism workforce.

    The announcement comes as Dubai’s real estate and tourism sectors continue to demonstrate resilience. The emirate’s brokerage commissions surged 31% in 2025, while new regulatory frameworks, including mandatory building safety standards, aim to ensure sustainable growth across the sector.