Azizi Developments and Dubai Islamic Bank Sign Sustainable Real Estate Financing Agreement
Press release
Azizi Developments, a leading private developer in the UAE, has signed a strategic agreement with Dubai Islamic Bank (DIB) to boost sustainable real estate financing. The agreement was formalised at the bank's inaugural sector-specific sustainability roundtable, "Unlocking Sustainable Finance: Transitioning Real Estate”.
In the presence of Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, and Dr. Adnan Chilwan, Group Chief Executive Officer from Dubai Islamic Bank, the agreement was signed, by Mr. Farhad Azizi, Group CEO of Azizi Developments, and Mr. Naveed Ali, EVP - Head of Corporate Banking Group & Financial Institutions from DIB, at Park Hyatt Dubai.
The collaboration reflects the shared ambition of both organizations to accelerate the adoption of sustainable practices across the built environment and explore solutions that support environmentally responsible developments and long-term value creation.
Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, said:
“At Azizi Developments, we view sustainability as a key driver of long-term value and responsible growth. Our partnership with Dubai Islamic Bank marks an important step in advancing innovative financing solutions that support the UAE’s sustainability agenda and contribute to a more resilient and future-ready real estate sector.”
In his comments, Mr. Farhad Azizi, Group CEO of Azizi Group, said: "We are pleased to partner with Dubai Islamic Bank on this important initiative, which aligns with our long-term vision of delivering developments that contribute positively to the UAE's sustainable future. As the transition to a greener real estate value chain continues to shape the sector, partnerships such as this play an important role in advancing innovation, enabling responsible growth, and creating lasting value for communities and stakeholders alike."
The roundtable brought together senior representatives from government entities, master developers, contractors, architects, engineers, and industry experts to discuss the future of sustainable real estate and green financing solutions in the UAE. Participants also took part in specialized workshops and technical briefings focused on data-driven retrofit financing and waste management protocols, while exploring opportunities to advance circular real estate practices across the UAE.
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Background Information
Azizi Developments
Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.
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