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The UAE property market has made headlines throughout 2018 and 2019 – but largely for the wrong reasons, with oversupply and subdued demand straining balance sheets against the backdrop of sluggish economic growth. But not all property developers seem downbeat about the sector’s prospects. Fresh off securing the company’s debut credit rating, Mika Toivola, CFO, of Azizi Developments, a Dubai-based property development company focused largely on modern luxury residential properties that are investor friendly and cater to all lifestyles, speaks to Bonds & Loans about a budding recovery in the sector, and why diversification – in terms of funding and otherwise – is central to the next stage of the company’s growth.
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