Dubai Property Sales Hit $100 Million a Day, Says Azizi Developments CEO

While airlines are suspending flights and businesses across the region are taking stock of the situation, Dubai's property market does not appear to be slowing down. Azizi Developments Group CEO Farhad Azizi says his company is closing over $100 million in property deals every single day, and that projects across Dubai are progressing normally.

"It's business as usual," Azizi said, adding that the developer currently has nearly 200 buildings under construction and that demand has held firm despite the current geopolitical climate. The company reported hundreds of millions of dirhams in deals signed during its Ramadan sales event alone.

The comments come as the broader UAE property sector continues to attract investor interest. Azizi set a sales target of Dh30 billion for 2026, building on the Dh16 billion in unit sales the company recorded in 2025.

Azizi's Dh75 Billion Bet on Dubai Hospitality

The bigger announcement from Azizi Developments is its Dh75 billion hospitality investment plan, which is now formally underway. The company has laid the foundation for its first five-star hotel, located within the Azizi Riviera community in Mohammed Bin Rashid City, marking the beginning of the rollout of the plan.

Through its subsidiary Azizi Hospitality, the company will develop 151 hotels in total, including 100 four-star hotels, 50 five-star hotels, and one seven-star hotel. More than 90 percent of the portfolio will be based in Dubai. Once completed, the portfolio will add approximately 60,000 room keys to the emirate's hospitality capacity and create more than 75,000 jobs in the sector.

The seven-star hotel will be located inside Burj Azizi, the upcoming landmark tower on Sheikh Zayed Road that is set to become the world's second tallest building. Ten hotel developments across various categories are currently in design, development, or construction stages.

Azizi Developments also plans to establish the Azizi Hospitality Academy, a training institution aimed at developing the next generation of hospitality professionals in the UAE.

Mirwais Azizi, founder and chairman of Azizi Developments, said: "Our Dh75 billion investment in hospitality reflects our long-term commitment to Dubai and our strong belief in its continued growth as a global tourism hub."

Dubai's Hospitality Sector and the Road Ahead

The investment aligns with broader targets for Dubai's tourism infrastructure. According to CBRE, Dubai aims to expand its hotel room keys to over 160,000, focusing on mid-market and lifestyle niches to support its 25 million visitor target.

Azizi's confidence in the market comes at a time when other sectors are feeling the pressure of regional instability. The developer's stance, backed by construction activity across nearly 200 active buildings and a multi-billion hospitality rollout, signals that investor appetite for Dubai real estate and tourism assets remains intact.

In 2025, Azizi constructed 12,569,578 square feet of built-up area over 741 floors, with over 869,416 cubic metres of concrete poured and more than 52 million construction site manhours deployed. For 2026, the company has 22 projects targeted for delivery, with around 5,000 units scheduled for handover.