Private developer Azizi Developments has just announced its plans to invest up to US $16.3bn in the hospitality sector, through the launch of 50 upmarket, luxury hotels and resorts in Dubai, in addition to an ultra-prestigious seven-star hotel.
With these new launches, the developer will add close to 20,000 new keys to Dubai’s hotel stock over the next five years.
Azizi said these new hotels and resorts in the UAE (and beyond) will be managed by its own in-house hospitality division.
In early March 2023, Azizi said it had extended its partnership with Kludi and, in early April 2023, the developer launched its Azizi Grand development in Dubai Sports City.
The announcement follows Azizi’s recently-revealed plans to enter the hospitality sector, an initiative set to be led by the company’s new Chief Operating Officer – Hospitality, Michael Zager.
As a leading developer, Azizi is now leveraging its real estate aptitude and in-depth understanding of the market’s wants and needs to grant visitors leading-edge hospitality experiences, a statement from the firm noted.
Azizi pointed out that it was seeing its entry into the tourism sector as the next big stride in its mission of enhancing lifestyles – and it looks forward to showcasing its key hospitality projects to the group’s stakeholders in the UAE and beyond.
In early May 2023, Azizi appointted Peri to its Beachfront 1 project.
