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Azizi Developments to invest AED 20 billion; signs with KEO International Consultants for the masterplan

The Wealth Today by The Wealth Today
January 12, 2023
in Infrastructure Investment, Investment, Real Estate
Azizi Developments to invest AED 20 billion; signs with KEO International Consultants for the masterplan
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Dubai, United Arab Emirates, 5 January 2023: Azizi Developments, a leading private developer in the UAE, has signed with KEO International Consultants for the masterplan consultancy of its recently acquired, highly coveted 15-million-square-foot plot of land, with 24 million square feet of GFA, in the rapidly growing Dubai South. Azizi is set to become the master developer, in charge of constructing the buildings, roads and all infrastructure of the large-sized, approximately 20-billion-dirham mixed-use development that will feature luxury villas, residences, commercial and entertainment space, and more in Dubai South’s Golf District.

The signing ceremony took place on Wednesday, the 4th of January 2023 in Azizi Developments’ Chairman’s Office in the Conrad Hotel, Sheikh Zayed Road, and was attended by the Founder and Chairman of Azizi Developments, Mr Mirwais Azizi, and the COO of KEO International, Mr Gregory Karpinski. Also in attendance was the CEO of Azizi Developments, Mr Farhad Azizi, the Managing Director Infrastructure of KEO International Consultants, Mr Sameer Daoud, and other key senior management figures from both parties, the media, and a crowd of excited onlookers. 

Azizi’s vision for the project is for it to become an innovative landmark destination – one of the UAE’s most unique and distinguished attractions – visited by over 100,000 people from outside of the community on a daily basis, with the brief given to KEO detailing a one-of-its-kind, 2-kilometre-long air-conditioned, glass-covered, pedestrian-friendly boulevard that is to comprise shopping areas, commercial space, restaurants featuring a wide variety of the world’s cuisines, movie theatres, nightlife options, kids’ play areas, ample underground carparking, and much more. Many of the community’s residences and three- to five-star hotels will have direct access not only to the boulevard, but also to its large swimmable crystal lagoon with 3 kilometres of beach-like shores and distinctive water features, and its vast parks with abundant greenery. Moreover, with the project being an entire well-thought-through city, it will also feature schools, its own hospital, cycling and jogging tracks, and all that residents and visitors could wish for to cover their convenience, leisure, health, and well-being needs. Moreover, the boulevard and community as a whole will be extravagantly decorated in theme for each season, holiday and festivity of the year, further adding to its popularity as one of the most interesting attractions to visit in the UAE.

KEO International Consultants is a creative enterprise, where innovation is a way of life. The consultant agency is uniquely resourced with end-to-end services to take clients from inspiration – through conceptualization – to realization of planning, design, or project delivery in the built and natural environments. For over 57 years, KEO has led with vision, contributing to many of the world’s most ambitious projects, iconic places, remarkable experiences, and prosperous communities.

Mr Mirwais Azizi commented: “We are delighted to have KEO International Consultants on board for the masterplan consultancy of our next flagship project in the highly growth-inclined Dubai South. We now embark on this new, exciting master development journey, which is an integral part of the next era of our growth trajectory and that of Dubai, with the renowned KEO consultants by our side. Following a very comprehensive and stringent masterplan consultant selection process, KEO has emerged as the absolute, undeniable best fit, with their outstanding attention to detail and remarkable track record in successfully consulting on some of the most prominent and prestigious communities in the UAE and beyond.”

“We thank His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and all of the UAE’s leadership from the depths of our hearts for continuously inspiring us to work towards enriching the lives of hundreds of thousands of happy families who have the honour of calling Dubai their home. This sizable land represents an exceptional opportunity to contribute to the satiation of the exponentially increasing demand for world-class properties in the UAE. The emirate continues to solidify its renowned standing as the world’s hub for business, tourism, and innovation, underlined by the increasing number of investors and end-users choosing to secure themselves homes here. We will share more information on our plans for this soon-to-be landmark community in due course”, he continued.

Mr Sameer Daoud added: “As we move into 2023 and with KEO’s long outstanding presence in the market and impressive track record in supporting major developments in the region, we are very excited to partner with the leading private developer in the market, Azizi Developments, and are confident that together, we will make a real difference in our value proposition and support the market needs with high quality projects. This major step paves the way for more exciting opportunities and a promising collaboration between KEO and Azizi.”

The newly acquired land, which is part of Dubai South’s prestigious Golf District, is strategically positioned in the emirate’s growth corridor, with Dubai speedily expanding towards the south. Situated alongside Emirates Road (E611), built to link the emirates together while also providing convenient access points to Dubai’s other major highways and various points of interest, the plot of land is among the best connected in the southern part of the emirate.

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Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions, or any promises expressed in the above news. 

If you find any errors or discrepancies in the above information, you can write to us at editor@thewealth.today.

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