Azizi Developments has signed a strategic agreement with Dubai Islamic Bank to expand sustainable financing options across the UAE real estate sector.
The deal was formalised at DIB's first sector-specific sustainability roundtable, themed around transitioning real estate toward greener finance models.
The signing took place at Park Hyatt Dubai in the presence of Mirwais Azizi, Founder and Chairman of Azizi Developments, and Dr Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank. Farhad Azizi, Group CEO of Azizi Developments, and Naveed Ali, EVP and Head of Corporate Banking Group and Financial Institutions at DIB, signed on behalf of their respective organisations.
The agreement reflects a shared push by both companies to accelerate sustainable practices in the built environment and develop financing solutions that support environmentally responsible projects and long-term value creation.
Mirwais Azizi described the partnership as a step toward advancing financing solutions aligned with the UAE's sustainability agenda, calling it part of efforts to build a more resilient real estate sector. Farhad Azizi added that the collaboration supports the company's vision of delivering developments that contribute positively to the UAE's sustainable future, noting that such partnerships help drive innovation and responsible growth across the industry.
The roundtable gathered senior figures from government entities, master developers, contractors, architects and engineers to discuss sustainable real estate and green financing strategies. Attendees also joined technical workshops covering data-driven retrofit financing and waste management, while examining ways to expand circular practices across the UAE property sector.
The initiative signals growing momentum among major UAE developers and banks to align real estate growth with environmental goals through structured financial partnerships.
News Source: Cicero & Bernay
