The desired Dubai World Trade Center Metro Station 2 is next to the land Azizi Developments recently acquired, making it the company’s most noticeable recent plot purchase. There is no information on what Azizi intends to construct there.
The developer is working on the design of what will be a ‘large iconic development’, which will comprise residential, hospitality and retail spaces. “We will develop a building that will be unlike anything we – or anyone else for that matter – have ever built before, not only in the UAE but beyond,” said Mirwais Azizi, Founder and Chairman of Azizi Developments.
Plans for the land, which is situated in a prime location, adjacent to the World Trade Centre Metro Station 2, have not yet been made public. The plot was sold by Meydan City Corporation. According to Issam Galadari, CEO of Meydan City Corporation, “Azizi Developments have expertise in creating not only buildings but significant landmarks, incorporating designs which reflect the culture and spirit of the UAE”.
Ahead of the COVID outbreak, Azizi had spoken about building twin towers on Shaikh Zayed Road. But then came the property market demand dip, talk about over-supply and those plans went into cold storage.
The deal with Meydan City Corp. represents the most significant new investment Azizi has made in the recent past. Until now, it had focussed on completing existing phases at its Riviera community in MBR City, and recently, added a 24-building cluster there. Projects were also conducted at the Palm and Dubai Healthcare City.
The latest plot buys thus represent quite a break from the recent past for Azizi. But the attraction of a high-rise in and around SZR endures, with Damac launching glitzy back-to-back projects at Safa. The Canalside too has multiple ongoing projects, much of which are in the luxury category.
“This site is located on Sheikh Zayed Route, the most significant and famous road in the United Arab Emirates, named after the late Sheikh Zayed bin Sultan Al Nahyan,” Azizi said. It makes us really proud to be working on a truly unique project that bears his name and honors all of his accomplishments.
