Azizi Developments has announced the purchase of a strategic plot of land on Sheikh Zayed Road from master developer Meydan. Mobilisation is due to begin shortly, with the first activities happening on-site later this month, the developer said.
Plans for the land, which is said to be a prime location adjacent to the World Trade Centre (Metro Station 2), have not yet been made public. Azizi is, however, already working on designs for a mixed-use development, which will comprise residential, hospitality and retail spaces.
In May 2022, Azizi said it had signed an agreement with Nerkal Interior for its Riviera megaproject.
The signing ceremony was attended by the CEO of Meydan City Corporation, Issam Galadari, Azizi Developments’ Founder and Chairman, Mirwais Azizi, and its CEO, Farhad Azizi, among other senior management figures from both companies.
“This project will be an absolute game-changer. While the design is currently in progress, we have already finalised decisions on several key aspects – with features and a design philosophy that are truly unique, globally, and which will elevate Dubai’s awe-inspiring skyline to even greater heights. It will be among the most prominent buildings in the entire world. We will share more information on this soon-to-be, revolutionary landmark in due course,” said Azizi Developments on the purchase.
Galadari added, “We are delighted that Azizi Developments is investing in one of the most iconic locations in the UAE, and are excited to see the realisation of this development. Azizi Developments have expertise in creating not only buildings but significant landmarks, incorporating designs which reflect the culture and spirit of the UAE, which is very much in line with the vision of Meydan City Corporation. We are confident this development will serve to complement the Dubai skyline even further.”
In August, Azizi Developments said it was making rapid progress on its Park Avenue residential community and, later in the month, said it chose ‘best in class’ suppliers for the project.
