Azizi Developments launches $6.8 billion Dubai community project
Emirates Residential, commercial and retail space
Azizi Developments, a UAE-based real estate developer, has announced plans to launch a new mega community project in the heart of Dubai at an investment of Dh25 billion ($6.8 billion).
The 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, said a statement from Azizi.
Work on the project is scheduled to begin next month and is due for completion by Expo 2020, it stated.
The development will comprise residential, commercial and retail space, with 105 mid-rise and high-rise residential buildings boasting 30,000 apartments, said the Dubai group.
The announcement comes on the back of the developer’s success at this year’s Cityscape Global and the sellout of Azizi Riviera Phase one and two canal-facing projects in Meydan One, it added. ■
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