Burj Azizi may become the world’s second tallest building

Burj Azizi may become the world’s second tallest building after obtaining planning approval leading to more Tourism attractions in Dubai

Azizi Developments is building a mega-tall tower block that, if authorised, it claims will be the second tallest in the world.

Burj Azizi’s ultimate height is still pending final approval from authorities thus the developer declined to reveal how tall the building will be.

However, the corporation did affirm that it will be Dubai’s second-tallest structure and will be a Tourist attraction

The $1.5 billion skyscraper, which is in Dubai on Sheikh Zayed Road, will have an observation deck and a seven-star hotel.

More so is  an upscale food and beverage establishments, a multi-story mall, opulent residences and penthouses.

The developer states that Burj Azizi construction will come to an end in four years.

Our tower will serve as our legacy. “This tower to be the second tallest in the world, is our way of giving back to this emirate.                  It’s remarkably hospitable and welcoming people,” says Mirwais Azizi, founder and chairman of Azizi Developments.

“Dubai has given my family and I so much—safety and abundance of opportunities.”

When it first opened on January 4, 2010, the 828-meter Burj Khalifa was the highest building in the world.

Burj Azizi needs to surpass Merdeka 118 that stands at 679 metres in Malaysia so as to become second-tallest building in the world.

Further more, Burj Azizi to hold the title of second-tallest structure in Dubai, it has to surpass the Franck Muller Aeternitas tower.    Franck Muller Aeternitas tower is presently being built in Dubai Marina, at 450 metres in height.

In March 2018, the developer made the initial announcement that the 122-story, 570-meter skyscraper is to be constructed.

Farhad Azizi remarks

The CEO of the developer, Farhad Azizi, revealed plans to construct Dubai’s second-tallest skyscraper at Cityscape in 2022 as part of a multibillion-dollar investment plan.

The tower is “like a master community but in one tower,” according to Mr. Azizi.

It declared in May that it will invest up to Dh60 billion in creating a portfolio of 50 opulent resorts and hotels in Dubai, which would include a seven-star establishment.

For $163 million, a super-penthouse in Dubai with a basketball court and a movie theatre
Approximately 40,000 units are being built by Azizi and should be delivered by 2027.

It unveiled Azizi Venice, a Dh30 billion ($8.16 billion) mixed-use development, in September.                                                                    It will comprise more than 400 villas and mansions in addition to more than 30,000 residences in 100 mid-rise apartment buildings.

2024 will see further increases in UAE real estate prices following a record-breaking year for developers.

Based on ValuStrat’s projections, average home prices in Dubai will rise by 5–7%.

However, according to Haider Tuaima, director and head of real estate analysis at Valu Strat, “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” by the summer.

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World Travel News, Gorilla Trekking Uganda and Gorilla Trekking Rwanda