Latest news with #BurjAzizi
Arabian Post
15-05-2025
- Business
- Arabian Post
Mittal Acquires Opulent Mansion in Dubai's Emirates Hills
Lakshmi Mittal, the steel magnate and one of Britain's wealthiest individuals, has secured ownership of a lavish mansion in Dubai's Emirates Hills, a neighbourhood often referred to as the 'Beverly Hills of Dubai.' The transaction, completed earlier this year, underscores the growing trend of affluent individuals investing in the city's luxury real estate market. Emirates Hills, developed by Emaar Properties, is renowned for its exclusivity and opulence. The gated community boasts custom-built villas, many overlooking the Address Montgomerie golf course, and has attracted a host of high-net-worth individuals from around the globe. Properties in this enclave are among the most expensive in Dubai, with prices reaching up to AED 2,604 per square foot. Mittal's acquisition adds to the list of prominent figures investing in the area. The mansion, while details remain private, is situated in a locale that has seen significant interest from wealthy buyers, particularly from the Indian subcontinent. This trend reflects a broader shift in global wealth flows, with Dubai emerging as a preferred destination for luxury property investments. The allure of Dubai's real estate market is multifaceted. The city's strategic location, favourable tax policies, and high standard of living make it an attractive option for investors. Additionally, the UAE's recent visa reforms have made it easier for foreign nationals to obtain long-term residency, further incentivising property investments. Emirates Hills, in particular, has become synonymous with luxury and exclusivity. The community's meticulously landscaped surroundings, state-of-the-art amenities, and proximity to top-tier schools and healthcare facilities contribute to its desirability. Notable residents have included political figures, business magnates, and celebrities, cementing its status as a premier residential address. See also Burj Azizi Honoured with Top Design Award in UAE The influx of wealthy investors has had a tangible impact on the local real estate market. Property values in Emirates Hills have experienced significant appreciation, with some homes selling for record-breaking sums. This surge in demand has prompted developers to release new plots and properties to cater to the growing interest. Mittal's investment is emblematic of the confidence high-net-worth individuals have in Dubai's real estate sector. As the city continues to position itself as a global hub for luxury living, the trend of affluent buyers securing prime properties is expected to persist. The acquisition also highlights the broader economic ties between the UAE and India. With a significant Indian expatriate population and deep-rooted business connections, the UAE remains a pivotal destination for Indian investors seeking opportunities abroad. This dynamic is further reinforced by the UAE's efforts to strengthen bilateral relations and foster economic collaboration. In the context of global real estate trends, Dubai's market stands out for its resilience and growth potential. While other markets have faced volatility, Dubai has maintained a steady trajectory, buoyed by strategic initiatives and investor-friendly policies. The city's commitment to innovation and infrastructure development continues to attract international attention.
Mid East Info
01-05-2025
- Business
- Mid East Info
Azizi Developments' Burj Azizi wins ‘Iconic Design of the Year' at the Finance World Magazine's UAE Realty Awards 2025
Azizi Developments, a leading private developer in the UAE, has received the 'Iconic Design of the Year' award for Burj Azizi, the world's second-tallest tower, at the UAE Realty Awards 2025 hosted by Finance World Magazine. This accolade underscores not only the project's impressive magnitude, but also its extraordinary, iconic design. The ceremony, held on the 25th of April 2025 at the Moorea Ballroom, Sofitel Dubai The Palm, celebrated the nation's most innovative real estate achievements. Burj Azizi was recognized for its distinctive design language, daring form, and transformative impact on the emirate's skyline. Commenting on the win, Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: ' It is a tremendous honor to have Burj Azizi named 'Iconic Design of the Year'. This award reflects our team's dedication to pushing boundaries and delivering developments that embody ambition, innovation, and timelessness, with Burj Azizi set to become a global landmark.' Scheduled for completion by 2028, the 725-meter high, 131+ story tower offers an exquisite mix of residential, hotel, retail, and entertainment spaces. An ultra-luxury mall, home to most high-end fashion brands, will occupy the retail section. The residential section will include luxurious one-, two- and three-bedroom apartments. For every 20 floors of residences, a dedicated amenity floor is planned, consisting of swimming pools with sauna and steam room, a fully fitted gym and yoga center, a spa, a games room including billiard, chess, and ping-pong, a business center, a kids' play area, a cinema, a restaurant and coffee shop, and a supermarket. The luxury apartments will be topped by premium penthouses, ranging from one to five-bedroom units and enjoying exclusive access to all amenities. Separate lobbies will serve the residences and the penthouse units. Up even higher along this vertical world is an all-suite seven-star hotel, set to become a major attraction that will take Dubai's standards of luxury and opulence to new heights. Inspired by seven cultural themes – Arabic, Chinese, Persian, Indian, Turkish, French, and Russian – the hotel will offer a new standard in comfort and hospitality, including culturally styled restaurants for each cultural theme. An authentic Emirati restaurant will be another key feature of the hotel. Moreover, the hotel will include a luxury ballroom and a beach club. Among the world records set by Burj Azizi will be the highest observation deck on level 130, the highest hotel lobby on level 111, the highest nightclub on level 126, the highest restaurant on level 122, and the highest hotel room on level 118. At the top, the building will also house a special museum that will showcase the chronology of the building's evolution, recognizing personalities involved through multimedia exhibits, including photos, videos, and graphics.
Arabian Business
29-04-2025
- Business
- Arabian Business
EXCLUSIVE: Meet Mirwais Azizi – The man behind billion-dollar developments in Dubai
Inside a marble-clad office at Dubai's Conrad Hotel, Mirwais Azizi sits in a leather chair, flanked by royal furnishings, a grand chandelier, and a discreet camera quietly recording the meeting – standard protocol for the billionaire founder of Azizi Developments There's no room for ambiguity here. Every exchange is documented, archived, and intentional – mirroring the scale and meticulousness of Azizi's vision Despite the grandeur, Azizi exudes calm and humility. Soft-spoken, often smiling, he engages without airs. He makes it easy to forget you're in the presence of a man whose developments span skylines and whose next project, Burj Azizi, will become the world's second tallest tower. The man behind hundreds of buildings and now the driving force behind the second-tallest tower leans back in his chair. Although sometimes short for words in English, he delivers his message with the clarity of a brand new skyscraper's glass façade. In a rare interview – his first in over half a decade – the founder of Azizi Developments offered a glimpse into the mind of the man behind a multi-billion-dollar real estate legacy. 'Dubai is a good thing' 'You see nothing in business is stable all the time,' Azizi begins, his voice carrying the weight of wisdom earned through decades in Dubai's ever-evolving landscape. His words are direct, sometimes fragmented, but his meaning unmistakable. 'The market is normal, going up and down, but Dubai is a good thing.' There's a raw, unfiltered quality to his observations. When he speaks of Dubai's recovery from the global crisis, his words are not polished corporate statements but genuine reflections. 'This is the recovery of Dubai is so fast… the infrastructure here was completely ready as COVID-19 happened, but recovery here is faster.' His explanation reveals the mind of a man who sees patterns where others see chaos. The strategic location, the infrastructure, the security – all deliberately cultivated advantages that Azizi cited as reasons that allowed Dubai to rebound with remarkable speed. The people's developer The billionaire developer's eyes light up when discussing Azizi Developments' most ambitious project – The Burj Azizi. 'The second-tallest tower. The most luxurious tower in the world,' he said. With units ranging from AED7.5 million to an astonishing AED1 billion, he described it as 'not easy for everybody to purchase.' Yet what defines Azizi isn't his focus on luxury, but his insistence on accessibility across market segments. 'We are producing this for the middle class, and also for people of less income… We start from the studio, one bedroom, two bedroom, three bedroom, up to largely expensive products.' 'We are working on being a friend of everybody. We are producing for everyone. But the important thing is even though the studio prices will be less, quality-wise, it will be the best, right?' he insisted. Equal quality, no matter the price. There's something almost wholehearted in his next statement, 'Nobody comes in this world with the money. Everybody comes without clothes. We respect who purchase one studio the same way that we respect those who purchase a one billion dirham floor, for us – it doesn't matter – we respect both the same.' Azizi speaks with a sentiment that is profound – asserting a belief in fundamental human equality that transcends wealth. After more than three decades in Dubai, where his children have grown up and now have children of their own, he speaks of the city with the tenderness of someone describing a beloved family member. 'My children grew up here from first grade, studied here, finished school, finished university… now everyone is father or mother,' This personal history fuels his determination to give back, 'Money is a good thing, but at the same time I also want to build the city. What I take something good, I want to return something good,' he said. One way he's giving back is through culture, Azizi describes concrete plans for community contributions – 'We are now making this big community, but inside we are making a very nice opera. This opera will be for 2,500 seat plus, a theatre also for 400 people. This will be our gift for the city.' 'Doing something for the community need not be at our intention to make money… we should be making something like a legacy for the next generation.' While Mirwais Azizi is best known as the man behind hundreds of buildings and now the visionary behind what will be the world's second-tallest tower, his most profound legacy may not lie in steel and glass – but in compassion. , following the death of his daughter Farishta. The donation is the largest ever made by a private entity in the UAE's history, and behind it lies a deeply personal story. 'Tragically, over two years ago, my second daughter, Farishta, was diagnosed with cancer… On the 29 th of October last year, succumbing to the will of the Almighty, my dear Farishta passed away. We buried her here in Dubai – a home she had loved growing up,' he shared. 'I now feel even closer to this city, having interred a piece of my heart in its soil, like the link between the body and the soul,' he explained. The loss reignited his drive to create long-term value for society. He praises Dubai's education system, healthcare quality, and above all, its safety. 'As a father of girls, the safety of family members outside our home was paramount, but there was never any reason to worry. Even guests – of which we always had many – were always easy to host and entertain. All these are elements of a good, happy and rewarding lifestyle that only Dubai grants to people who choose to come here to live, work and visit here.' 'Sometimes it takes a loss of such magnitude to be reminded of the shared humanity that connects us all,' he said. Azizi goes global – London, Australia, Germany and Canada With strong connections to the city of Dubai and a portfolio spanning billions of dollars, Azizi's new ambitions stretch far beyond the city's borders, 'Now we will be starting soon in Central London. We will be building around five to six high-rise towers,' he revealed. His global expansion plans roll off his tongue like items on a shopping list – Australia, France, Germany, Canada. When asked about Australia specifically, he revealed 'I've been promising, but now I've made the decision to go since we will be expanding to Australia.' When asked if the global market risks becoming crowded, he brushes off the idea, 'The market is good, business very good, there will be a lot of companies coming' 'Everyone takes his naseeb, his kismat.' When he sensed a slight bit of confusion by the usage of the Arab-origin words that mean destiny, he said with a smile, 'I don't understand by English.' Increased competition, he believes, makes for stronger cities. 'More investors are coming, more developers are coming, and this is becoming a more competitive market. This will be nice for the community, for the city, and the price will not be allowed to go up.' When asked to gaze five years ahead, he describes it as a defining chapter, When asked to gaze five years ahead, he describes it as a defining chapter, Azizi Developments plans to build 400 to 500 towers in Dubai alone, alongside more than 70 hotels and dozens of retail, leisure, and cultural destinations. His voice rose with excitement as he described what's coming, 'And there will be many theaters, there will be opera work, there is will be many facilities, many luxury malls and that's only ours [Azizi]. 'After five years the complete face of Dubai will change,' he said. The perfectionist's process Nothing reveals Azizi's character more clearly than his description of the Burj Azizi development process. For Burj Azizi, he personally oversaw over 1,000 meetings before construction began. 'Preparation before the construction started took five years. Five years. Only for the preparation,' he says. 'To build the tower? That's the most easy thing.' That rigour applies across the board. Even mid-rise projects involve his close input. 'If we building G (ground floor) plus 40 or 50 floor building, the head of the design makes a presentation to me two or three times, just taking 15 minutes each time.' As the interview closed, Azizi reflected on his ultimate legacy, 'Our goal is the quality wise, services wise and facility wise to be better and number one.' His answer reveals a man for whom business success is inseparable from social impact, 'Not only to make money, money, money, but I should be investing many things into facilities for the community. I should also give for the next generation to make people proud and learn from this for his future.' Finally, he distilled his mission into a single heartfelt vision – 'Develop the city to be much, nice and beautiful, and to be proud of everything that I build in the city.' Beneath the billions in assets and the hundreds of buildings that bear his name, this is Mirwais Azizi's true testament. A legacy forged through commitment to a place that transformed his family's destiny, and to which he remains eternally grateful. As the interview closes and he rises from his chair, he offers one final thought – a simple phrase that captures both his philosophy and his optimism:
Trade Arabia
28-04-2025
- Business
- Trade Arabia
Burj Azizi wins ‘Iconic Design of the Year' award
Azizi Developments, a leading private developer in the UAE, has received the 'Iconic Design of the Year' award for Burj Azizi, the world's second-tallest tower, at the UAE Realty Awards 2025 hosted by Finance World Magazine. This accolade underscores not only the project's impressive magnitude, but also its extraordinary design, the developer said. The awards ceremony, held on April 25 at the Moorea Ballroom, Sofitel Dubai The Palm, celebrated the nation's most innovative real estate achievements. Burj Azizi was recognised for its distinctive design language, daring form, and transformative impact on the emirate's skyline. Farhad Azizi, Group CEO of the Azizi group of companies, said: 'It is a tremendous honour to have Burj Azizi named 'Iconic Design of the Year'. This award reflects our team's dedication to pushing boundaries and delivering developments that embody ambition, innovation, and timelessness, with Burj Azizi set to become a global landmark.' Scheduled for completion by 2028, the 725-m-high, 131+ story tower offers an exquisite mix of residential, hotel, retail, and entertainment spaces. An ultra-luxury mall, home to most high-end fashion brands, will occupy the retail section. The residential section will include luxurious one-, two- and three-bedroom apartments. For every 20 floors of residences, a dedicated amenity floor is planned, consisting of swimming pools with sauna and steam room, a fully fitted gym and yoga centre, a spa, a games room including billiard, chess, and ping-pong, a business center, a kids' play area, a cinema, a restaurant and coffee shop, and a supermarket. The luxury apartments will be topped by premium penthouses, ranging from one to five-bedroom units and enjoying exclusive access to all amenities. Separate lobbies will serve the residences and the penthouse units. Up even higher along this vertical world is an all-suite seven-star hotel, set to become a major attraction that will take Dubai's standards of luxury and opulence to new heights. Inspired by seven cultural themes – Arabic, Chinese, Persian, Indian, Turkish, French, and Russian – the hotel will offer a new standard in comfort and hospitality, including culturally styled restaurants for each cultural theme. An authentic Emirati restaurant will be another key feature of the hotel. Moreover, the hotel will include a luxury ballroom and a beach club. Among the world records set by Burj Azizi will be the highest observation deck on level 130, the highest hotel lobby on level 111, the highest nightclub on level 126, the highest restaurant on level 122, and the highest hotel room on level 118. At the top, the building will also house a special museum that will showcase the chronology of the building's evolution, recognising personalities involved through multimedia exhibits, including photos, videos, and graphics. – TradeArabia News Service
Arabian Post
28-04-2025
- Business
- Arabian Post
Burj Azizi Honoured with Top Design Award in UAE
Burj Azizi, developed by Azizi Developments, has been recognised with the 'Iconic Design of the Year' award at the UAE Realty Awards 2025, highlighting its remarkable architectural achievement. Positioned to become the world's second-tallest building upon completion, the landmark project is setting new standards for structural design and innovation in Dubai's evolving skyline. Situated on Sheikh Zayed Road in Dubai, Burj Azizi stands as a testament to the city's ambition and the developer's commitment to delivering record-breaking projects. The tower, which will soar to a height of 700 metres, is anticipated to reshape the urban landscape with its unique fusion of modern design elements and cultural motifs. The prestigious award, conferred at a high-profile ceremony attended by industry leaders and senior government officials, reflects growing industry admiration for the project's pioneering architectural vision. Azizi Developments, led by its founder and chairman Mirwais Azizi, has accelerated its focus on high-profile ventures across Dubai. Burj Azizi, already under advanced stages of construction, is projected to feature a blend of ultra-luxurious residential units, high-end retail spaces, and premium hospitality offerings. The project aims not only to create an engineering marvel but also to deliver a vibrant community hub integrated within Dubai's commercial and tourism sectors. The UAE Realty Awards 2025, now regarded as a significant event in the regional real estate calendar, aims to acknowledge outstanding achievements in architectural excellence, urban innovation, and sustainable development. Burj Azizi's triumph in the 'Iconic Design of the Year' category was determined by a jury panel comprising renowned architects, city planners, and property industry executives, who assessed nominees based on creativity, sustainability, structural integrity, and contribution to urban growth. The developer revealed that Burj Azizi's design was inspired by the dynamic interplay of form and functionality, drawing influence from Dubai's rapid transformation into a global metropolis. According to project architects, extensive attention has been given to ensuring that the building's silhouette is instantly recognisable while also maintaining rigorous environmental standards. Incorporating advanced cooling technologies, energy-efficient systems, and sustainable materials, Burj Azizi is expected to obtain globally recognised green building certifications. Mirwais Azizi, while accepting the award, remarked that Burj Azizi symbolises the aspirations of the UAE's leadership to push the boundaries of architecture and redefine what is possible. He described the award as a significant milestone not only for Azizi Developments but also for Dubai's vision of setting global benchmarks in innovation and design. He emphasised that the project reflects a deep-rooted commitment to quality, luxury, and future-forward thinking. Beyond its towering height, Burj Azizi is designed to offer a holistic lifestyle experience. The residential sections will feature sky villas, penthouses, and smart apartments equipped with the latest technologies, while the hospitality element will include a five-star hotel managed by an internationally acclaimed brand. Retail zones within the tower are planned to house luxury boutiques, gourmet dining outlets, and exclusive entertainment venues, aiming to attract both residents and international visitors. Industry analysts suggest that the awarding of the 'Iconic Design of the Year' title is likely to boost investor confidence in Azizi Developments' project pipeline. Burj Azizi, by virtue of its scale and visibility, is also expected to strengthen Dubai's appeal as a global investment destination in the luxury real estate segment. According to urban planning experts, iconic structures like Burj Azizi contribute significantly to city branding, acting as both cultural landmarks and economic catalysts. Dubai's relentless pursuit of architectural excellence has been a key driver behind its rapid transformation into a global business and tourism hub. Projects such as the Burj Khalifa, Museum of the Future, and now Burj Azizi, demonstrate the emirate's ability to combine visionary leadership with technical expertise. Burj Azizi's anticipated opening will mark another chapter in Dubai's narrative of setting records and challenging global norms in design and engineering. The construction of Burj Azizi has involved collaboration with some of the world's leading consultants, engineers, and contractors. Structural engineering teams have worked extensively to address the technical challenges posed by the tower's unprecedented height and design complexity. Innovations such as high-performance concrete, aerodynamic shaping, and vertical transportation solutions have been central to the project's development. Azizi Developments has outlined that Burj Azizi will feature multiple observation decks offering panoramic views of the city, as well as exclusive amenities such as a private wellness club, curated art galleries, and event spaces. The tower's integration of technology, sustainability, and cultural aesthetics is seen as a strategic move to appeal to a diverse and discerning clientele. The awarding of the 'Iconic Design of the Year' title further cements Azizi Developments' reputation as a visionary force in the Middle East's property landscape. It reflects the growing trend among developers to move beyond conventional building approaches and embrace ambitious, transformative projects that resonate with the spirit of progress defining modern Dubai. As construction advances, expectations surrounding Burj Azizi continue to mount. Market observers note that the project will contribute significantly to shaping Dubai's post-Expo 2020 real estate trajectory, reinforcing the emirate's strategy to position itself at the forefront of architectural innovation. The project is also expected to create substantial economic activity through job creation, tourism attraction, and ancillary business opportunities.
