The imminent start of construction on the Burj Azizi, a new $1.5 billion commercial skyscraper in Dubai, has been announced in the United Arab Emirates by Azizi Developments. The project includes a vertical shopping centre, luxury apartments and an observation deck. This property development will be located on Sheikh Zayed Road, opposite the World Trade Centre.
An ambitious architectural project
Azizi Developments has recently unveiled its ambitious project: the construction of the Burj Azizi, which is set to become the second-tallest building in Dubai. Although the final height has not yet been specified, it is expected to have no fewer than 122 storeys and to rival impressive structures such as the Lotte World Tower and the China 117 Tower.
The main features of the Burj Azizi
- Vertical shopping centre: The Burj Azizi will feature an innovative shopping centre that extends vertically across some of its floors.
- Luxury residences: The tower will also offer luxury flats for those who wish to live in this architectural landmark.
- 7-star hotel: A seven-star hotel will be built there to offer a first-class service to visitors from all over the world.
- Viewing terrace: An observation deck will allow tourists and residents to enjoy breathtaking views of Dubai and the surrounding area.
Economic and tourism impact
The Burj Azizi is expected to have a significant impact on Dubai’s economy and tourism. This world-renowned development will undoubtedly attract international investors and travellers keen to discover the city’s architectural wonders. Furthermore, given the recent record-breaking property transactions, it is clear that interest in Dubai is growing.
In 2022, property transactions in the emirate totalled more than 132 billion euros, an increase of more than 76% compared with the previous year.
That said, this property boom has also had an impact on rents, which rose by 22% over the same period. This could potentially affect some Dubai residents who are struggling to keep up with these rising prices.
Environmental and sustainability objectives
Although no specific information has been provided regarding the Burj Azizi’s environmental and sustainability objectives, local authorities and developers are increasingly aware of the importance of sustainable construction and the efficient use of resources. We can therefore expect this project to incorporate innovative solutions to reduce the environmental impact of the tower’s construction and operation.
Construction and completion timetable
Construction of the Burj Azizi is expected to begin shortly, with the project due to be completed in 2028. The developers’ determination and the support of the local authorities should help to ensure the project’s completion.
The Burj Azizi promises to be an impressive addition to Dubai’s architectural landscape and a major asset to its economy and tourism industry. As the city’s second-tallest tower, it once again demonstrates Dubai’s determination to push the boundaries of what is possible and to continue to develop as a global centre of innovation and prestige.
