Azizi Developments has signed a strategic cooperation agreement with Dubai Islamic Bank aimed at supporting sustainable real estate financing solutions and promoting more environmentally responsible practices within the real estate sector.

The agreement was signed during a real estate sustainability event organized by Dubai Islamic Bank under the theme “Unlocking Sustainable Finance: The Shift Towards a More Sustainable Real Estate Sector.” The event was attended by Mirwais Azizi, Founder and Chairman of Azizi Developments, and Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank.

The agreement was signed by Farhad Azizi, Group Chief Executive Officer of Azizi, and Naveed Ali, Deputy Chief Executive Officer and Head of Corporate Banking at Dubai Islamic Bank, during the event held at Park Hyatt Dubai.

Supporting the Shift Towards a More Sustainable Real Estate Sector

The agreement reflects a shared commitment between both parties to support the transition towards a more sustainable model of real estate development. This will be achieved by exploring specialized financing solutions that can help improve the efficiency of real estate projects and reduce their environmental impact.

This step comes in line with the UAE’s national direction in sustainability and long-term development, as interest continues to grow in real estate projects that promote resource efficiency and deliver sustainable value to investors and customers.

Under the partnership, Azizi Developments will study opportunities for structured green financing to support sustainability objectives within its growing portfolio of projects. The move is also expected to contribute to the development of more sustainable real estate practices across the wider sector.

Azizi: Sustainability Is Part of Our Long-Term Vision

Mirwais Azizi, Founder and Chairman of Azizi Developments, said that sustainability is an essential part of the company’s approach and long-term vision. He noted that it is also a key driver for creating lasting value and achieving responsible growth.

He added that the partnership with Dubai Islamic Bank represents an important step towards developing innovative financing solutions that support the UAE’s sustainability agenda and contribute to building a more resilient real estate sector that is better prepared for future requirements.

For his part, Farhad Azizi, Group Chief Executive Officer of Azizi, said the cooperation with Dubai Islamic Bank is aligned with the company’s long-term vision of developing projects that contribute to a more sustainable future for the UAE.

Strong Participation From Industry Experts

The event brought together representatives from government entities, real estate developers, contractors, consultants, and sustainability experts. Participants discussed the future of sustainability in the real estate sector and ways to develop green financing solutions in the UAE.

The event also included workshops and specialized briefings that addressed several topics related to real estate sustainability. These included financing solutions for building retrofit projects, improving operational efficiency through data, waste management, and applying circular economy practices within the real estate sector.