The imminent start of construction of 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 mall, luxury residences and an observation deck. This real estate project will be located on Sheikh Zayed Road, opposite the World Trade Centre.
An ambitious architectural project
Azizi Developments recently unveiled its bold project: the construction of the Burj Azizi, which is set to become Dubai's second-tallest building. Although the final height has not yet been specified, it is expected to have no fewer than 122 storeys, rivaling such impressive structures as the Lotte World Tower and China 117 Tower.
The main features of the Burj Azizi
- Vertical shopping mall: the Burj Azizi will feature an innovative vertical shopping mall on part of its floors.
- Luxury residences: the tower will also offer luxury apartments for those wishing to live in this architectural monument.
- 7-star hotel: a seven-star hotel will be built here to offer a prestigious service to visitors from all over the world.
- Observation deck: an observation deck will enable tourists and residents to enjoy a breathtaking view of Dubai and its surroundings.
Economic and tourism impact
The Burj Azizi is set to have a significant impact on Dubai's economy and tourism. This world-renowned construction will undoubtedly attract international investors and travellers eager to discover the city's architectural wonders. What's more, with recent record-breaking real estate transactions, it's clear that interest in Dubai is growing.
In 2022, real estate transactions reached over 132 billion euros in the emirate, up more than 76% on the previous year.
That said, this property boom has also had an impact on rents, which have risen by 22% over the same period. This could potentially affect some Dubai residents who are struggling to keep up with these rising prices.
Ecological and sustainable objectives
Although no specific information has been provided regarding the Burj Azizi's ecological and sustainable 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 schedule
Construction of the Burj Azizi is due to start shortly, with completion scheduled for 2028. The determination of the developers and the support of the local authorities should help to ensure completion.
The Burj Azizi promises to be an impressive addition to Dubai's architectural landscape and an important asset to its economy and tourism industry. This second tallest tower in the city is further proof of Dubai's determination to push back the boundaries of what is possible and continue to develop as a global center of innovation and prestige.
