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Power Hour 2020: Farhad Azizi, CEO of Azizi Developments, Ranks 9th

Photo: Farhad Azizi, CEO of Azizi Developments

CBNME’S Power Hour Annual List of the Middle East’s Top 60 features the most prominent Contractors, Real estate Developers, Consultants, Architects, Facilities Management, Asset Management Companies, and so much more that encapsulates the construction industry.

These influential leaders have reshaped the industry with their introduction of new innovative strategies and thought leadership that makes them stand apart in 2020.

You can check out the full coverage of the Power Hour here.

9. Farhad Azizi, CEO of Azizi Developments

A business strategist and management expert, Farhad has an exemplary track record in project implementation and has substantially contributed to the long-term value of the organisation. With his customer-centric mindset and strong business insights, he has positioned Azizi Developments as a leading developer in the region.

Farhad is responsible for the company’s overall operation and management and has been the driving force behind the strategy, guidance, and direction of the managerial team. Bringing out the best of his team through his inspirational leadership style, he has been instrumental in instituting management best practices.

Under his leadership, Azizi Developments has emerged as one of the leading property developers in the region, delivering world-class, integrated residential destinations that assure an outstanding return on investment.

Over the past 12 months Azizi Developments’ has developed world-class properties across Dubai’s prime locations: MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City, and Downtown Jebel Ali. We have delivered over 350,000 sqm of built-up area across 16 projects in Al Furjan (14 projects), Palm Jumeirah (one project), and Dubai Healthcare City (one project), comprising a total of 2,851 units. The value of these projects is over AED 2.5 billion. This year, Azizi aims to finish approximately 3,000 units, most of which are already over 90 per cent complete, including Mina on Palm Jumeirah, Aura in Jebel Ali, and Shaista, Star, and Plaza in Al Furjan. Several buildings in the first phase of Riviera will also be completed. Samia and Farishta were the first of these 3,000 units – which were completed in January and February 2020 respectively.