Azizi readies $6.8bn mega project in Dubai

October 17, 2017

undefinedAzizi Developments plans to launch a AED 25bn ($6.8bn) mixed use mega project in the heart of Dubai by the end of the year.

The development will comprise 105 mid-rise and high-rise residential buildings boasting 30,000 apartments as well as commercial and retail space.

In a statement, Azizi said the yet to be named project will be located on a 33 million sq ft site twice the size of Azizi Riviera in Meydan One.

It will include education facilities, retail outlets, hospitality, a shopping area and outdoor recreation spaces.

Construction of the project is scheduled to begin in November and be completed before Expo 2020.

The statement added that the development will have a “distinctly British feel, with themes and elements influenced by contemporary British culture and way of living”.

Mirwais Azizi, chairman of Azizi Developments, said: "The rules and regulations in Dubai have provided an ideal environment for business growth, establishing the city as a preferred destination for trade and property investments. 

“His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for the emirate to emerge as one of the top destinations in the world to reside in has set the benchmark for Azizi Developments’ unique projects across Dubai.”

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