Azizi Developments has commenced construction of its new British-themed mega residential development in Mohammed Bin Rashid Al Maktoum City – District Seven.
Azizi Victoria will be spread over a construction area of 33 million square feet with a total of 105 mid and high-rise residential buildings containing 30,000 units, a retail district and two hotels.
The buildings will be mixed-use constructions of G+8, G+15, and G+30 floors housing apartments, retail establishments, restaurants and hotels, Azizi said in a statement.
The project is twice the size of the Azizi Riviera canal-development in Meydan One. While Azizi Riviera draws inspiration from the French Riviera, Azizi Victoria will have a distinctly British feel, with themes and elements influenced by contemporary British culture and way of living.
Construction of the project is expected to be completed in four phases with Phase 1 scheduled for May 2019 and Phase 2 in July 2019. Azizi has previously pegged the investment cost of the project at AED 25bn ($6.8bn).
Saeed Humaid Al Tayer, chairman and CEO of project partner Meydan Group, said: “The success of Azizi Riviera has reinforced the need for urban community living spaces in Dubai.
“The Azizi Victoria is the latest offering resulting from the strategic partnership of Meydan Group and Azizi Developments to cater to this demand. We are confident of a positive response to Azizi Victoria, reflecting the strength and dynamism of the Dubai property market”.
“Azizi Victoria is our newest offering to those who wish to invest in a unique lifestyle equipped with state-of-the-art community facilities. Situated in the heart of Dubai, Azizi Victoria will further our vision of creating urban living spaces which will revolutionise the meaning of community living in Dubai,” said Mirwais Azizi, Chairman of Azizi Developments.
The new mega community project is situated south of Meydan One and west of The Meydan Hotel. Apart from The Meydan Hotel, it is in close proximity to the upcoming Meydan One Mall and Azizi Riviera, the developer’s flagship project.