Azizi Developments has announced that it will start accepting the prequalification applications for $5bn (AED20bn) worth of contract tenders for projects in Dubai this year. 

This is the largest tender announcement from the developer till date and will contribute to its real estate portfolio over the next few years.

Construction on the various projects is set to commence 60 days from now and will be delivered by 2020.

Commenting on this announcement, Mirwais Azizi, chairman of Azizi Group, said: “This will be a tremendous year of growth and expansion for Azizi Developments.

"The new tenders are our largest number released so far and will contribute to our already packed portfolio of projects which we aim to deliver on schedule by 2020.”

He added: “This announcement represents our commitment to developing the real estate landscape in Dubai even further, utilising the latest technology in building design and architecture to create entire communities that stimulate a multi-faceted lifestyle.

"Since last year, Azizi Developments has been working closely with its contractors and sub-contractors to push forward with development to deliver projects ahead of schedule. Our goal is to ensure that we meet the commitments we have made to our buyers and investors by delivering high-quality living.”

Azizi Development is currently working on developing more than 200 projects in 2018.

Among the biggest projects are Azizi Riviera – the developer’s flagship development in Meydan One, followed by Azizi Victoria – the mega-community project in Mohammed Bin Rashid Al Maktoum City – District 7.