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    A boom in off-plan sales and a rise in ownership fuel Dubai's property market

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    Over $490 million in revenue is generated by Aldar's sale of 'AL Deem' townhomes to UAE nationals

    Over $490 million in revenue is generated by Aldar’s sale of ‘AL Deem’ townhomes to UAE nationals

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    The most expensive ultra-luxury neighbourhood in Dubai is Jumeirah Bay

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    Dubai’s new home buyer initiative sparks a boom in property transactions worth Dh90 billion

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          Dh20 billion to be invested in Dubai South by Azizi Developments

          January 6, 2023
          in Dubai, New Development, Reports and Updates, UAE
          Reading Time: 3 mins read
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          Dh20 billion to be invested in Dubai South by Azizi Developments
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          In the highly sought-after 15 million square foot plot of land with 24 million square feet of GFA in the quickly developing Dubai South, Azizi Developments has signed a contract with KEO International Consultants for the masterplan consulting.

          In charge of building the huge, almost 20 billion dirham mixed-use development that will include luxurious villas, residences, commercial and entertainment space, and more in Dubai South’s Golf District, Azizi is scheduled to take on the role of master developer.

          According to a press release, the signing ceremony was held on Wednesday in the chairman’s office of Azizi Developments at the Conrad Hotel on Sheikh Zayed Road.

          Azizi’s vision for the project is for it to become a cutting-edge landmark destination, one of the UAE’s most distinctive and popular attractions, visited by over 100,000 people from outside the community every day. The brief provided to KEO details a one-of-a-kind, 2-kilometre-long air-conditioned, glass-covered, pedestrian-friendly boulevard that is to consist of shopping areas, commercial space, and restaurants serving a wide variety of the world’s cuisine.

          In addition to the boulevard, many of the community’s homes and three- to five-star hotels will have direct access to the area’s big swimmable crystal lagoon with 3 kilometres of beach-like coastlines and unusual water features as well as its wide parks and rich greenery.

          Additionally, because the project is a completely well-planned city, it will include schools, a hospital, cycling and jogging trails, and everything else residents and tourists might possibly need to meet their needs for convenience, leisure, health, and well-being. The street and neighbourhood will also be lavishly decorated with a theme for each season, holiday, and celebration of the year, further enhancing its reputation as one of the most fascinating places to visit in the United Arab Emirates.

          Mr Mirwais Azizi commented: “We are delighted to have KEO International Consultants on board for the masterplan consultancy of our next flagship project in the highly growth-inclined Dubai South. We now embark on this new, exciting master development journey, which is an integral part of the next era of our growth trajectory and that of Dubai, with the renowned KEO consultants by our side. Following a very comprehensive and stringent masterplan consultant selection process, KEO has emerged as the absolute, undeniable best fit, with their outstanding attention to detail and remarkable track record in successfully consulting on some of the most prominent and prestigious communities in the UAE and beyond.”

          “We thank His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and all of the UAE’s leadership from the depths of our hearts for continuously inspiring us to work towards enriching the lives of hundreds of thousands of happy families who have the honour of calling Dubai their home. This sizable land represents an exceptional opportunity to contribute to the satiation of the exponentially increasing demand for world-class properties in the UAE. The emirate continues to solidify its renowned standing as the world’s hub for business, tourism, and innovation, underlined by the increasing number of investors and end-users choosing to secure themselves homes here. We will share more information on our plans for this soon-to-be landmark community in due course”, he continued.

          Mr Sameer Daoud added: “As we move into 2023 and with KEO’s long outstanding presence in the market and impressive track record in supporting major developments in the region, we are very excited to partner with the leading private developer in the market, Azizi Developments, and are confident that together, we will make a real difference in our value proposition and support the market needs with high-quality projects. This major step paves the way for more exciting opportunities and promising collaboration between KEO and Azizi.”

          The recently bought property is well-located in the emirate’s expansion corridor and is a part of the prestigious Golf District in Dubai South. It is located next to Emirates Road (E611), which was constructed to connect the emirates and offer easy access to other important boulevards and tourist hotspots in Dubai.

          Al Maktoum International Airport, also known as Dubai World Central DWC, is only a five-minute drive away, and the VIP Terminal is only a few minutes away. However, there is no air traffic above the region.

          Tags: Azizi DevelopmentsDubaiDubai SouthNew DevelopmentReal EstateUAE

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