UAE-based Azizi Developments on Tuesday announced a plan to launch a new AED25 billion ($6.8 billion) mega community project in the heart of Dubai.
The new 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, Azizi said in a statement.
It added that the development will comprise residential, commercial and retail space, with 105 mid-rise and high-rise residential buildings boasting 30,000 apartments.
Mirwais Azizi, Azizi Group chairman, said: “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, as well as excellent standard of living and education, and a world-class healthcare system.”
The new Azizi project will be located in central Dubai with a construction area of 33 million square feet – twice the size of Azizi Riviera in Meydan One and will include education facilities, retail outlets, hospitality, a shopping area and outdoor recreation spaces. More info
By Staff arabianbusiness.com