Developer eyes global expansion as demand in Dubai surges and tokenized real estate gains traction
Azizi Developments, one of Dubai’s most prominent private developers, is on course to deliver nearly 7,000 residential units across 25 new projects by the end of 2025. With key developments such as Riviera Phase 4, Azizi Venice, Creek Views III, Vista, and Amber underway, the company continues to capitalize on Dubai’s booming property market, driven by surging demand and record-breaking real estate performance.
2024: A Year of Milestones
In 2024, Azizi completed 19 projects across the emirate, totaling over 8.4 million square feet of built-up area across 316 floors. The company sold more than 10,229 units—an increase of 15.8% year-on-year—worth over AED 10 billion. According to Group CEO Farhad Azizi, the company plans to nearly double these figures in 2025.
"With approximately 150,000 units under construction, valued at several tens of billions of US dollars, we aim to surpass our 2024 achievements and continue delivering iconic communities for residents and investors alike," Azizi told Khaleej Times.
Azizi’s development portfolio includes landmark projects such as:
- Burj Azizi, poised to become the world’s second-tallest tower on Sheikh Zayed Road
- Azizi Riviera, a 16,000-home French Mediterranean-inspired community in MBR City
- Azizi Venice, a 36,000-home lagoon-centric development in Dubai South
- Azizi Milan, an 81,000-home master-planned city along Mohammed bin Zayed Road
Dubai’s Property Market: Breaking Records
Dubai’s property sector continues its robust trajectory. In H1 2025, the city registered 98,603 real estate transactions worth AED 326.7 billion ($89 billion), marking its strongest half-year performance to date, according to fäm Properties.
The city added nearly 90,000 new residents in Q1 2025 alone, intensifying the demand for housing. With just 12,000 new homes delivered during that period, both prices and rents continue to rise. The Dubai Land Department anticipates an 80% increase in completed residential units this year compared to 2024.
“Dubai remains the world’s most desirable city to visit, live, and work in. Its world-renowned safety, business-friendly environment, and tax-free benefits are fueling an unprecedented real estate boom,” said Azizi, pointing to population projections of 5.8 million by 2040.
While Azizi acknowledged potential short-term price corrections, he stressed that these would be part of a healthy cycle and unlikely to deter the long-term upward trajectory of the market.
Pioneering Innovation: Tokenization & Crypto Payments
In line with Dubai’s push toward digital transformation, Azizi Developments is actively working on integrating blockchain-based innovations into its operations.
“Tokenization will redefine how real estate is bought, sold, and owned. It lowers barriers to entry, improves transparency, and broadens access for a new generation of tech-savvy investors,” said Azizi. The company is also pursuing strategic partnerships to enable secure cryptocurrency payments, particularly in regions where digital assets are becoming mainstream.
Global Expansion in Focus
Looking beyond the UAE, Azizi has launched its first international project in Germany and is currently developing another in France. Plans are also underway to enter the UK market with 5–6 high-rise towers in Central London, right on the River Thames, comprising over 1.5 million square feet of net sellable area. The company is also eyeing opportunities in Australia, Canada, and the U.S.
“Our vision is global,” said Azizi. “We are committed to shaping the future of real estate both in Dubai and abroad through quality, innovation, and inclusivity.”
As Dubai’s real estate market continues to outpace global trends, developers like Azizi are not only shaping skylines but also leading the transformation of the industry through tech-driven and customer-centric strategies.
