Dubai
Azizi Developments will take on a distinctively British theme for its next mixed-use development, expected to cost a whopping Dh25 billion and create 30,000 residential units. It is to feature 105 mid- and high-rise buildings.
The location will be ‘central Dubai’, with further details expected to be announced at the formal launch. The construction area will span 33 million square feet and twice the size of its Azizi Riviera project in Meydan One.
Construction of the project is scheduled to begin in November and be completed before Expo 2020.
“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,” said Mirwais Azizi, Group Chairman. “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.”
The developer generated a lot of buzz with its earlier launch, the Riviera, with Phase 1 selling out during last month’s Cityscape Global.
