Dubai: Azizi Developments, one of the leading private developers in the UAE, has announced that its most ambitious project till date – a commercial and residential tower that will add to Dubai’s iconic skyline – will commence construction in the third quarter of 2018.
Once complete, the 122-storey building will stand at approximately 570m tall on Sheikh Zayed Road and will be among the biggest skyscrapers in Dubai and the world.
Azizi Developments is consulting with Atkins, the world’s leading engineering, design and project management company that helped design the Dubai Metro, Five Jumeirah Village, and Burj Al Arab, to finalise the design of the iconic building.
Atkins has refined and updated the original design based on recommendations by Azizi Developments – and construction is expected to commence in the next few months with the mega project scheduled for completion between 2021 and 2022.
The tower is being developed at a cost of AED3bn and will house residential apartments on the first 100 floors and a luxury hotel on the remaining 22 floors.
Commenting on the announcement, Mirwais Azizi, Chairman of Azizi Group, said: “We are delighted to announce that Azizi Developments has pushed the boundaries of innovation with the development of one of the tallest towers in Dubai. The tower will be a stunning new addition to Sheikh Zayed Road - the main artery of the city - and will rival the world’s most well-known skyscrapers in terms of both scale and quality of design. Additionally, this tower will reinforce Dubai’s position as a global powerhouse for real estate, luxury and tourism as well as add to its appeal as the leading destination for some of the most iconic skyscrapers in the world.”
In addition to the tower, Azizi Developments is currently working on developing more than 200 projects in 2018. Among the biggest projects are Azizi Riviera – the developer’s flagship development in Meydan One, followed by Azizi Victoria – the mega-community project in Mohammed Bin Rashid Al Maktoum City – District 7.
About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has led the value of its current portfolio in the emirate to over AED20billion and more than 100 projects at various stages of development.
Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for two consecutive years in 2016 and 2017, and has been instrumental in developing some of the finest properties in The Palm Jumeirah, Meydan, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Jebel Ali.
© Press Release 2018