ALBAWABA – Azizi Group, a leading developer in the UAE, announced the start of its new project: the world’s second-tallest tower. At 725 meters high, the new tower will ensure Dubai holds both the first and second spots for the tallest towers in the world.
World’s second-tallest tower
Farhad Azizi, CEO of Azizi Group, previously announced that the company aims to expand regionally and internationally in the sectors of development and hospitality. Accordingly, the company allocated about $16 billion (60 billion AED) of investments over the next five years to establish nearly 50 hotels in Dubai.
The total estimated cost of the tower project is $1.6 billion (6 billion AED). The project is expected to be completed in 2028, while sales will begin in February 2025, according to CNN.
At 725 meters high, the new tower will ensure Dubai holds both the first and second spots for the tallest towers in the world. (Shutterstock)
It is worth noting that the tower was designed by AE7, a multi-disciplinary design firm, and the main contractor is International Foundation Group (IFG), a UAE-based company specializing in deep foundations and underground services.
Azizi tower
According to the company, the new tower will feature a seven-star all-suite hotel and a variety of residential units including penthouses, apartments, and holiday homes. The tower will include many facilities like health centers, swimming pools, saunas, cinemas, fitness centers, mini markets, residents’ lounges, and play areas for children.
Additionally, the tower will also feature a shopping mall, a luxury ballroom, and a beach club. With 131 stories, Azizi’s tower will include several notable highlights: the highest hotel lobby on the 11th floor, the highest entertainment and leisure club on the 126th floor, the highest observation deck on the 130th floor, the highest restaurant in Dubai on the 122nd floor, and the highest hotel room in Dubai on the 118th floor.
Mirwais Azizi, founder and chairman of Azizi Developments, said: “This development not only highlights Dubai's ongoing economic vitality but also its unwavering commitment to setting new benchmarks in the global real estate landscape.”
The new Azizi Tower is set to support Dubai’s and the region’s economic ambitions, attract foreign investments, boost tourism, and creates numerous job opportunities. It is also worth mentioning that the world’s tallest tower, the Burj Khalifa, is also located in Dubai, standing at 828 meters and with a total cost of $1.5 billion.
