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Dubai / Emirates Business
Azizi Developments, a fast growing real estate developer headquartered in Dubai for over a decade, announced the plan to launch a new mega community project in the heart of Dubai at an estimated cost of AED25 billion, further signifying the developer’s continued rapid growth in the region.
The new project, whose name is yet to be announced, will have a distinctly British feel, with themes and elements influenced by contemporary British culture and way of living. The development will comprise residential, commercial and retail space, with 105 mid-rise and high-rise residential buildings boasting 30,000 apartments.
Mirwais Azizi, Azizi Group Chairman, said: “When we arrived in Dubai 20 years ago, I always had the desire to be part of this city’s success story. The new project announcement comes as part of Azizi Developments’ commitment toward developing a city which has given us many opportunities, including secure investments and business environment, as well as excellent standard of living and education, and a world-class healthcare
system.â€
The new Azizi Developments project will be located in central Dubai with a construction area of 33 million square feet – twice the size of Azizi Riviera in Meydan One – and will include all facilities needed for its residents to enjoy a happy lifestyle. The development 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.