Latest news with #Dh75
Hi Dubai
09-05-2025
- Business
- Hi Dubai
Al Maktoum International Airport to Begin Operations by 2032
New Dh1-billion runway contract marks major milestone in developing the world's largest airport. Dubai's aviation landscape is set for a dramatic transformation as Al Maktoum International Airport (DWC) moves closer to becoming the new aviation hub of the emirate. The first phase of the mega airport is scheduled for completion by 2032, with the capacity to handle 150 million passengers annually. Once operational, DWC will begin taking over all flight operations from Dubai International Airport (DXB), according to a top official. New Runway and Groundwork Underway Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation, made the announcement on Thursday during the Airport Show in Dubai. He revealed that a Dh1-billion contract has been awarded for the construction of a second runway at DWC. Enabling work—often the initial step in large-scale construction—has already begun, with an additional Dh75 million allocated to this preparatory phase. 'We are moving decisively to deliver the project on schedule,' Al Zaffin said, noting that design work is in progress and ground activity has started. A Technological Marvel in the Making The airport, which has been described as the 'most futuristic' in the world, will feature cutting-edge technology and a passenger-centric design. Once complete, DWC will cover 70 square kilometers—five times the size of DXB—and will eventually serve up to 260 million passengers and 12 million tonnes of cargo annually. Plans include two main passenger terminals, seven concourses, and over 400 aircraft gates. The airport will also introduce AI-powered systems to optimize operations, including automated gate allocations and smarter terminal layouts for smoother passenger transfers. Redefining the Travel Experience Beyond its size, DWC is being designed as a travel destination in itself. According to Al Zaffin, the terminal will feature immersive retail experiences, advanced duty-free outlets, and robots handling baggage. 'There is going to be a giant terminal for arrivals and departures which will then lead to different concourses,' he said. 'It's going to be a place where travel is celebrated.' The design process involved reviewing multiple iterations to ensure both efficiency and elegance in passenger flow and airport experience. Smart Immigration and Seamless Travel In collaboration with government authorities, Dubai plans to implement a smart corridor that allows passengers to clear immigration in seconds. Lieutenant General Mohammed Ahmed Al Marri, Director General of GDRFA, had previously hinted at these advancements. Al Zaffin confirmed the vision but noted that certain features, like borderless travel, may take longer to fully realize. 'The plan is to have an airport where people can move through without customs and immigration,' he said. 'How much of it we do at the test stage and how much we do later remains to be seen.' A Phased Shift from DXB to DWC Last month, Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports, confirmed the awarding of initial contracts for DWC's development. Once operational, DWC will gradually take over all flight operations from DXB, positioning Dubai at the forefront of global aviation innovation and capacity. With its mix of scale, advanced technology, and passenger-first design, Al Maktoum International is poised to reshape how the world travels through Dubai. News Source: Khaleej Times
The National
29-04-2025
- Business
- The National
Trump Organisation open to crypto payments for unit sales in new $1 billion Dubai tower
Dubai is one of the hottest property markets in the world, Eric Trump, executive vice president of the Trump Organisation, said, while adding that he would accept cryptocurrencies for property purchases at the company's new project in Dubai. The Trump Organisation in partnership with London-listed Dar Global unveiled a $1 billion development in Dubai, which will have a Trump-branded hotel as well as residential units and a clubhouse. The development will have two penthouses costing Dh75 million ($20.4 million) each while a three- to four-bedroom apartment will be sold for about Dh4 million to Dh5 million, according to the company's top executives. The project will be located at the entrance of Downtown Dubai on Sheikh Zayed Road and will be completed in five years. Dubai is 'certainly one of the' hottest property markets in the world, "as evidenced by the amount of tower cranes and the kind of luxury projects being built', Mr Trump told The National in an interview in Dubai on Tuesday. 'What's interesting is everybody's trying to redefine luxury, redefine kind of the highest pinnacle, and they're all succeeding.' Dubai has 'become a destination for the entire world. It's become such a safe haven for so many people, so many countries, so many people want to put money here. So many people want to invest here, from all over the world, all over Europe, the Asian continent, all over Africa. Dubai has really become the epicentre of all of that.' The influx of high-net-worth individuals has been boosting Dubai's property market, which has been benefiting from government initiatives such as residency permits for retired and remote workers, expansion of the 10-year golden visa programme and overall growth in the UAE's economy on diversification efforts. Dubai registered 111 sales of homes valued at more than $10 million in the first quarter of 2025, up 5.7 per cent on an annual basis, with a total value of $1.9 billion, Knight Frank said in a recent report on Tuesday. Last year, the UAE admitted 7,200 millionaires, building on an influx of 4,700 in 2023 and 5,200 in 2022, Knight Frank said, quoting data from Henley & Partners. The total number of dollar millionaires in the UAE stood at 130,500 at the end of December, ranking the Emirates as the 14th-largest wealth market globally. 'Dubai's real estate market is going to continue to absolutely boom and we're going to set the kind of new standard in terms of price per square foot and luxury in the market,' Mr Trump said.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
Azizi Developments unveils Azizi Milan, the new fashion capital of the Middle East
Azizi Developments, a leading private developer in the UAE, has unveiled Azizi Milan, a landmark master-planned community. The launch event, which will welcome over 10,000 guests, is hosted on April 23, in Dubai's renowned Coca-Cola Arena, featuring headlining performances by Tamer Hosny, Nora Fatehi and Sunidhi Chauhan. Azizi Milan, at a total value exceeding Dh75 billion, is slated to cover 40,000,000 sq. ft. in GFA, making it one of the largest mixed-use communities in the entire UAE. The master plan will be home to a population of 144,000, with 800 hotel keys to be created. Mirwais Azizi, Founder and Chairman of Azizi Developments, said: 'Much like the famed city of Milan, known for its beauty and elegance, Azizi Milan will embody the spirit of Italian living, right here in our home - Dubai. We have put a lot of thought into every detail, thinking about public spaces and community areas as well as creating homes that are as sophisticated and sustainable as they are welcoming. As with our other major projects, we are committed to building world-class homes and infrastructure that elevate the lifestyles of all those who will visit, live and work in what will soon be the classy, tasteful, and sustainable fashion capital of the Middle East.' Azizi Milan has been conceptualized with inspiration from Milan's rich cultural heritage. Its bold arches and design elements add to aesthetics as well as function. Azizi Milan will form a focal point for those who enjoy the city's vibrant after-hours, as well as for those wanting to be part of internationally acclaimed fashion shows and other high-caliber events that will be hosted there. Sustainability is a key consideration that guides the entire development of this contemporary zero-carbon community. To offset emissions, Azizi will support landmark mangrove carbon projects, as well as global forest and solar developments certified by VERRA and the Gold Standard. Azizi Milan is a dynamic, self-sustaining haven with residential projects, a sprawling mall, luxury hotels, retail districts, office spaces, and lifestyle amenities, including schools, nurseries, mosques, wellness facilities, and parks. Its tallest towers, which will shape the northern skyline, will rise up to 70 stories high, while low- to mid-rises from 25 to 35 stories make up the central part of the development. Strategically situated on iconic Sheikh Mohammed Bin Zayed Road (E311) – one of the UAE's most important arteries that connects Abu Dhabi, Dubai, Sharjah, Ajman and Ras Al Khaimah – Azizi Milan offers unmatched accessibility. Adding to its location's appeal, the community is just a short walk from the nearest future Blue Line metro station. Azizi Milan follows the successful blueprint, construction and sales of Azizi's Riviera in MBR City, and Azizi Venice in Dubai South, with Azizi Developments serving as the master developer, overseeing road networks and general infrastructure.
Gulf News
23-04-2025
- Business
- Gulf News
Dubai's Azizi buys more land in Dubai - launches Dh75b 'fashion-focused Milan'
Dubai: Azizi Developments has launched a Dh75 billion residential development in Dubai within the area used to be known as 'City of Arabia' and near Sheikh Mohammed Bin Zayed Road. The new project – 'Azizi Milan' – sees the Dubai developer stick to naming its community-style projects after cities in Europe, with 'Azizi Venice' being the earlier one. A clear standout of the latest project is Azizi's move to buy a sizable chunk of land in Dubai. According to Mirwais Azizi, Chairman of Azizi, "As the (original) Milan, this new development will become the fashion hub of the Middle East and Asia, where all the brand names and fashion leaders will be present and become an incubator for emerging fashion and local design talent to grow. 'We are developing the masterplan entirely - it will be a place to meet friends, shop and live...' Major draw for Dubai's new communities Locations off Mohammed Bin Zayed Road are the new go-to places for community-themed projects in Dubai. Aldar, the Abu Dhabi master-developer, recently launched a community, Athlon, near Global Village. As the city expands, it has organically created the need for new residential options. And property investors are ready to follow where new openings are happening. 'We are launching Azizi Milan as a response to the strong, growth-inclined demand for well-thought-through communities in Dubai,' said the Chairman. 'Azizi Milan will eventually cater for a population of 140,000 spread over 80,000 apartments and across 40 million square feet of GFA. This includes at least 500 hotel keys and 2.5 million square feet of retail.' Sales of homes at Azizi Milan starts April 24. The project is 'one with prices that make homes more attainable than those in our ultra-luxury projects, such as Burj Azizi on Sheikh Zayed Road and our Monaco Mansions in Venice,' said Azizi. 'Azizi Milan caters to a much wider demographic - we anticipate a strong investor response beginning the day of its sales launch.' Many portions of the old masterplan will be 'revisited and redesigned'. Azizi Milan will also have a mall and retail districts, as well as office spaces and schools. And a lot of green areas too. Existing City of Arabia properties Over the years, a resident base has grown within City of Arabia. 'The existing communities will remain separate in facility and property management,' said Mirwais Azizi. 'We will merely build next to and around them, effectively enhancing the community as a whole for the benefit of all stakeholders.
Al Etihad
04-04-2025
- Business
- Al Etihad
Abu Dhabi DMT completes milestone projects worth Dh4 billion in 2024
4 Apr 2025 14:25 ABU DHABI (ALETIHAD)The Department of Municipalities and Transport – Abu Dhabi (DMT) has announced its key accomplishments for 2024, showcasing robust development and innovation in diverse communities across Abu Dhabi. The year marked the successful completion of Dh4 billion worth of key projects, part of a broader set of long-term initiatives with a total budget exceeding Dh75 also re-affirmed its position as a significant contributor and driver of growth, stability, and safety in Abu Dhabi, highlighted by the emirate being named the number one most liveable city in the MENA region by the Economist Intelligence Unit's Global Liveability Index, and one of the safest in the world according to the Crime and Safety Indices by Numebo. Abu Dhabi City was also ranked one of the top ten smartest cities in the world by the International Institute for Management Excellency Mohamed Ali Al Shorafa, Chairman, DMT, said: "The future-focused Dh75 billion-plus budget embodies an ambitious vision to enhance infrastructure, elevate services, and promote urban development across the emirate. We strongly believe that these investments are a vital step towards building a solid, holistic foundation for the future. These initiatives reaffirm our dedication to our leadership's vision of enhancing the quality of life for our communities as well as meeting residents' aspirations for smart city living and environmental sustainability.'DMT invested Dh3.4 billion in the completion of key mobility and road network projects including the expansion of the Helio-Abu Al Abiyad Road in Al Dhafra Region; and a double-bridge project with a total value of Dh315 million that reduced average morning peak-hour delays by up to 80% on Abu Dhabi's Al Khaleej Al Arabi notable roadworks completed in the last 12 months include a complete overhaul of Al Ain Region's 760 metre landmark Sheikh Khalifa bin Zayed Street, which now features a new 1.5 kilometre cycling track, an event plaza, and landscaping with over 780 trees in addition to shade structures. Abu Dhabi emirate also received 247 kilometres of new cycling paths, bringing the total length of dedicated tracks to more than 1,200 prioritised the development of community-centric projects, many of which were delivered through Al Tawajud Al Baladi (Municipal Presence Centres). These centres, which operate over 20 facilities across the emirate, serve as vital hubs for engaging with residents, addressing local needs, and enhancing public services. The developments included the opening of more than 200 parks and beaches across the emirate in addition to the reopening of the landmark Al Bateen Ladies Club, which underscores DMT's focus on creating inclusive and accessible spaces for all. Moreover, the introduction of the Abu Dhabi Canvas initiative further highlighted DMT's efforts to enrich the city's urban landscape through creativity and Abu Dhabi Real Estate Centre (ADREC), a DMT affiliate, reported a year of significant growth, with 28,249 transactions, representing a 24.2% increase over the previous year, bringing the sector's total value to Dh96.2 billion. This included 16,735 sales transactions worth Dh58.5 billion, and 11,514 mortgage transactions totalling Dh37.7 billion, reinforcing Abu Dhabi's appeal as a prime investment supported efforts to advance mobility solution in 2024, with the inaugural Abu Dhabi Mobility Week showcasing the industry's best-in-class innovations while providing an open forum for stakeholders to collaborate in realising their visions through real-life practical use advancement was witnessed through the region's first passenger-carrying drone trials, marking a milestone in urban air mobility. The event featured two test flights: the first showcased a five-seater drone capable of travelling more than 25 kilometres with a payload of up to 350 kilograms, while the second demonstrated a smaller drone designed to carry two passengers, covering up to 35 kilometres in approximately 20 minutes. Abu Dhabi also announced a government-wide partnership with Joby Aviation to establish the emirate's first fully autonomous, electric air taxi in 2024 also saw past investments in public transportation yielding positive results, with over 90 million rides recorded in public buses, and well over 168,000 passengers making use of Abu Dhabi's water transportation network, along with more than 28 million air passengers, highlighting the emirate's enhanced infrastructure and seamless transport displayed a strong commitment to embracing AI applications in its operations and in the daily lives of the community. This was showcased most notably through a centralised, real-time, data-driven platform that allows city planners and decision makers to optimise liveability standards based on the needs of residents across different areas and districts in the capital. The dynamic 3D modelling system, which uses AI Digital Twin capabilities, is growing to be a cornerstone of smart technology application in city management and urban the year, DMT introduced other key initiatives, such as an AI-enabled architectural review platform that accelerates construction and building projects' approvals using generative AI and 3D model analysis. The Integrated Transport Centre (Abu Dhabi Mobility), a DMT affiliate, also incorporated an AI engine into its operations that provides in-depth insights into transportation and commuter behavioural patterns. This is set to be pivotal in decision-making processes for managing large-scale mobility advanced regulatory frameworks with initiatives enhancing compliance, safety, and quality in Abu Dhabi's construction and engineering sector. These included the launch of the Building Occupancy and Legalisation Certification Programme to improve building safety and sustainability across the emirate, and the introduction of the Performance Evaluation and Engineering Excellence System for architectural and engineering firms, along with mandatory certification exams for licensed strengthened its global partnerships in 2024, including the signing of a twin city agreement with Shenzhen following the successful organisation of the Abu Dhabi X Shenzhen Innovation Forum, and a Friendship City agreement with Seoul, marking a new chapter in the bolstering of ties between the two notable international developments throughout the year comprised a collaboration with the Massachusetts Institute of Technology (MIT) to establish the DMT Future Hub as a centre of excellence in urban mobility and sustainable development. Additionally, DMT launched the World Smart Sustainable Cities Organisation's MENA regional office and won the bid to host the 2025 WeGO Executive Committee Meeting, reinforcing Abu Dhabi's leadership in sustainable city advancements. The Department of Municipalities and Transport – Abu Dhabi is set to announce a range of strategic projects in the coming months, designed to strengthen Abu Dhabi's reputation as one of the most liveable cities in the MENA region and to position it among the world's top ten leading smart cities. These initiatives are part of DMT's commitment to Abu Dhabi's long-term sustainable development, while introducing forward-thinking strategies that continue to enhance the emirate's liveability standards.
