Daily Newsletter

29 September 2023

Daily Newsletter

29 September 2023

Azizi Developments unveils plans for new community in Dubai

The community will be located within the Golf District of Dubai South.

Upasana Mukherjee September 29 2023

Azizi Developments has unveiled plans to develop a new luxury lifestyle community, Azizi Venice, in Dubai South, United Arab Emirates.

According to a press release posted on Zawya, the mixed-use project is valued at Dh30bn.

Azizi will serve as the master developer, responsible for building all infrastructure for Azizi Venice.

Designer AE7 was appointed as the consultant for the development project.

Azizi Developments founder and chair Mirwais Azizi said: “Azizi Venice will truly be a one-of-a-kind community and destination - not just for Dubai but across the Middle East region. 

“I am very pleased to be introducing Azizi Venice in Dubai. This community will become a wonderful home for around 80,000 residents and a fantastic tourist attraction for around 30,000 visitors daily.”

Azizi Venice will offer a floor area of 24 million square feet on a 15 million square foot plot of land, along with a temperature-controlled, pedestrian-friendly boulevard featuring Azizi Opera.

It will consist of 30,000 residential units spanning 100 apartment complexes, and more than 400 luxury villas and mansions.

Its condos and commercial space will be surrounded by a blue lagoon with beaches.

The development will include its own full-service hospital, preschool and schools for young children, and a 4km main road with dining and shopping options.

Located along Emirates Road (E611), Azizi Venice will be part of the Golf District of Dubai South.

The development provides access to Dubai’s major motorways.

South-East Asia Construction Market Dynamics

Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.

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