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Azizi Developments signs a 50-year lease agreement with Kezad Group valued at $544 million.
Dec 15, 2025•6 months ago
Contract Type
agreement
DubaiReal Estate
Description
Azizi Developments has entered into a 50-year lease agreement with Kezad Group, amounting to AED2 billion ($544 million), for nearly 440,000 sq m to establish 12 factories. This strategic move is part of Azizi's goal to enhance its manufacturing capabilities and support its growing project pipeline across Dubai.
Company Information
Company
Azizi Developments
Location
Dubai, Dubai, United Arab Emirates
About
Azizi Developments is a leading private developer in the UAE, with a strong track record and a sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers. The developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential and commercial destinations, and is committed to transparency and customer centricity.
DubaiReal Estate