Azizi Developments

Azizi is one of Dubai's largest private developers by sales (5th by DLD value in January-September 2026) and offers some of the lowest entry prices in the city. Its record includes long delays at Azizi Riviera and Burj Azizi, though DLD data shows no cancelled projects. Treat its handover dates as a guide and plan for a delay.

The Azizi family. Founder and chairman Mirwais Azizi set up the Azizi Group in 1989, and Farhad Azizi is Group CEO. The company is private; an IPO was prepared in 2018 and shelved.

The company says more than 45,000 across the UAE (July 2026). Independent counts based on DLD data put Dubai deliveries at about 14,000-20,500. The difference has not been explained publicly.

Mostly 50/50: 10% on booking, 40% in instalments and 50% on handover. Azizi Milan uses 60/40 and some Venice phases use 40/60. Many instalments fall on fixed dates rather than construction stages. Post-handover plans of about 30% over two to three years appear on selected Riviera stock (July 2026).

Several have been. Azizi Riviera's first keys came in November 2022 against a July 2019 estimate. Riviera Phase 4 missed its Q3 2024 date and is still handing over in 2026, and Burj Azizi's completion moved from 2027 to 2029-2030. A broker analysis of DLD data shows about 89% of units delivered by the DLD-registered date, which is often later than the marketing date.

Property Finder shows the first handovers in December 2026 and Propsearch shows 2027, with later phases in Q4 2027. The first 14 buildings were 39% complete in April 2026 and the developer moved to 24-hour working in August 2026, so check the latest DLD progress before relying on a date.

Burj Azizi is a 725 m tower on Sheikh Zayed Road, launched in February 2025 with 1-beds from AED 7.5m. Completion is now shown as 2029 (Propsearch) or Q3 2030 (Bayut), later than the original 2027. An AED 1.1bn structural steel contract was awarded in April 2026.

About AED 14-19 per sq ft a year at Azizi Riviera, with partial cooling (April 2026 guide), and AED 14-18 on average in Meydan (August 2026). Figures for Al Furjan and Dubai South were not published; check Mollak for the building.

Riviera 1-beds showed gross yields of 6.5-7.6% in August 2026, on asking prices of AED 920,000-1.25m and rents of AED 70,000-88,000 a year. Bayut's H1 2026 report shows Al Furjan apartments at 7.69% gross.

Only property worth AED 2m or more qualifies. Most Azizi homes cost about AED 550,000-1.1m (October 2026), so a single unit usually will not qualify. Burj Azizi, Monaco Mansions and Riviera Reve penthouses do.