The agreement, formalised at Dubai Islamic Bank's inaugural real estate sustainability roundtable, aims to advance green financing solutions across the UAE's built environment.
July 01, 2026 | Tripti Mehta | UAE | Developer
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Azizi Developments has signed a strategic agreement with Dubai Islamic Bank to advance sustainable real estate financing across its portfolio. The agreement was formalised at the bank's inaugural sector-specific sustainability roundtable, titled "Unlocking Sustainable Finance: Transitioning Real Estate," held at Park Hyatt Dubai.
The agreement was signed by Farhad Azizi, Group CEO of Azizi Developments, and Naveed Ali, EVP and Head of Corporate Banking Group and Financial Institutions at DIB, in the presence of Mirwais Azizi, Founder and Chairman of Azizi Developments, and Dr. Adnan Chilwan, Group Chief Executive Officer of Dubai Islamic Bank.
Mirwais Azizi 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."
Farhad Azizi added, "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 sustainable real estate and green financing solutions across the UAE. Participants also took part in specialised workshops and technical briefings focused on data-driven retrofit financing and waste management protocols, exploring opportunities to advance circular real estate practices across the sector.
Azizi Developments has delivered more than 45,000 homes to investors and end users of over 100 nationalities, with around 150,000 units currently under construction across master-planned communities including Azizi Riviera, Azizi Venice, and Azizi Milan.
The agreement adds Azizi to a small but growing group of UAE developers formalising sustainability-linked financing partnerships with major banks, a trend that has accelerated through 2026 as both developers and lenders look to embed environmental considerations directly into how large-scale projects are funded. For a developer with around 150,000 units currently under construction, structuring even a portion of that pipeline around sustainability-linked finance signals a meaningful shift in how green building practices are being prioritised at scale, not just in individual flagship projects, but across a developer's entire construction programme.
