Azizi, Aldar Properties news and Dubai Business Activity

Azizi, Aldar Properties news and Dubai Business Activity

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  • Latest news from developers Azizi, Aldar Properties and the economy in Dubai

New retail units by Azizi Developments across its projects

150+ Dubai retail units are set to be release by Azizi Developments across its projects in communities:

  • Al Furjan
  • Azizi Riviera
  • Creek Views

The developer have already sold the initially released 600+ units. In the Azizi Riviera project, following the announcement of the crystal lagoon, all commercial lagoon-facing units were sold out within days

Aldar Properties' record numbers for 2021

Aldar Properties, Abu Dhabi's leading developer, has announced record numbers for 2021. Compared to 2020:

  • Revenue rose by 2% (up to $2.3 billion)
  • Net profit rose by 21% (up to $644 million)
  • Sales rose by 100% (up to $2 billion)

Dubai's business activity decreased in January 2022 compared to December 2021

According to the consultancy, IHS Markit Dubai:

  • Purchasing Manager's Index – 52.6.

The highest results were recorded in the construction sector:

  • Output reached the highest level since mid-2019.

Sources: Zawya, The National News

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