Azizi Developments has begun construction of a mega-tall tower block that it says will be the second tallest in the world if it is approved.
The developer declined to say how tall Burj Azizi will be because the structure's proposed height is awaiting final approval from authorities. But the company did confirm, however, that it will be the second tallest building in Dubai.
The $1.5 billion tower, which will be on the Sheikh Zayed Road in Dubai, will feature luxury apartments and penthouses, a mall spread over several floors, a seven-star hotel, high-end F&B outlets and an observation deck.
Burj Azizi is scheduled to be completed within four years, the developer said.
“This tower will be our legacy. With Dubai having given my family and I so much – safety and abundance of opportunities – this tower, which will be the second tallest [in the world] is our way of giving back to this emirate and its remarkably hospitable and welcoming people,” said Mirwais Azizi, founder and chairman of Azizi Developments.
The 828-metre Burj Khalifa has been the world's tallest since it opened on January 4, 2010. To be the second tallest in the world, Burj Azizi will have to be taller than 679m, which is the height of Merdeka 118 in Malaysia, which opened in November.
To be the second tallest building in the city, the Burj Azizi would have to be taller than 450m, which is the height of the Franck Muller Aeternitas tower, which is currently under construction in Dubai Marina.
At present, the second tallest tower in the city, according to the Council on Tall Buildings and Urban Habitat, is Marina 101, which measures 425m in height, while the third tallest is the Princess Tower, also in Dubai Marina, which is 413m.
Master community
Azizi Developments previously proposed plans to develop a landmark tower on the Sheikh Zayed Road.
The developer first announced the building of the 570m skyscraper, with 122 storeys, in March 2018.
At Cityscape in 2022, the developer's chief executive, Farhad Azizi, announced plans to build the second-tallest tower in Dubai as part of a multibillion-dollar investment plan.
Mr Azizi described the tower as being "like a master community but in one tower”. In May, it announced plans to spend up to Dh60 billion on developing a portfolio of 50 luxury hotels and resorts, including a seven-star hotel, in Dubai.
Azizi currently has about 40,000 units under construction that are due to be delivered by 2027.
In September, it launched a Dh30 billion ($8.16 billion) mixed-use development called Azizi Venice, which will include more than 30,000 homes in 100 mid-rise apartment complexes and more than 400 villas and mansions.
After a record year for developers, UAE property prices are expected to continue to rise in 2024. In Dubai, average residential prices are projected to increase by 5 per cent to 7 per cent, according to ValuStrat.
However, by the summer, “we could see an inflection point where we could see a turn in the curve and if it happens then it will hit the high-end luxury market first”, said Haider Tuaima, director and head of real estate research at ValuStrat.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
Company%20profile
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HIJRA
Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy
Director: Shahad Ameen
Rating: 3/5
PAKISTAN v SRI LANKA
Twenty20 International series
Thu Oct 26, 1st T20I, Abu Dhabi
Fri Oct 27, 2nd T20I, Abu Dhabi
Sun Oct 29, 3rd T20I, Lahore
Tickets are available at www.q-tickets.com
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
RESULTS
Cagliari 5-2 Fiorentina
Udinese 0-0 SPAL
Sampdoria 0-0 Atalanta
Lazio 4-2 Lecce
Parma 2-0 Roma
Juventus 1-0 AC Milan
Don't get fined
The UAE FTA requires following to be kept:
- Records of all supplies and imports of goods and services
- All tax invoices and tax credit notes
- Alternative documents related to receiving goods or services
- All tax invoices and tax credit notes
- Alternative documents issued
- Records of goods and services that have been disposed of or used for matters not related to business
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Killing of Qassem Suleimani
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
BUNDESLIGA FIXTURES
Friday Hertha Berlin v Union Berlin (11.30pm)
Saturday Freiburg v Borussia Monchengladbach, Eintracht Frankfurt v Borussia Dortmund, Cologne v Wolfsburg, Arminia Bielefeld v Mainz (6.30pm) Bayern Munich v RB Leipzig (9.30pm)
Sunday Werder Bremen v Stuttgart (6.30pm), Schalke v Bayer Leverkusen (9pm)
Monday Hoffenheim v Augsburg (11.30pm)
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now
