By Ishrath Jaigirdar
Azizi Developments, one of the leading developers in the UAE, has launched Azizi Venice, a Dh30 billion high-end luxury mixed-use desert oasis community at Dubai South that includes a swimmable man-made water lagoon winding through, mirroring the city of Venice.
The mega-project, which contains 24 million square feet of gross floor area spanning across a land area of 15 million square feet, will feature over 30,000 residential units, including 100 mid-rise apartment complexes and over 400 luxury villas and mansions that can house 80,000 residents. The community is set to be a prime tourist destination with two five-star hotels and one boutique hotel that can cater 30,000 visitors daily. The community is equipped with a wide range of amenities, like temperature-controlled pedestrianised boulevard, beaches, sports facilities, hospital, kindergarten and schools, recreational areas for children, and numerous retail and dining options. It is home to Dubai’s second opera, which will be built at the heart of the Azizi Boulevard.
The announcement comes as developer Nakheel sold out a villa community on the Palm Island where prices started at Dh18 million. Palm Jebel Ali and Dubai South will cover a vast desert and waterfront landscape that will expand Dubai’s city limit to the Abu Dhabi border. Dubai South is garnering attention as the next big location in the real estate market, materialising Dubai’s vision to expand and explore new areas. Following the speedy sell-out of the gigantic Palm Jebel Ali’s first launch, developers have set targets to launch large-scale projects in Dubai South. According to Dubai Land Department, the robust real estate industry has already seen registered sales of Dh126 million so far in 2023. With such bullish record, both developers and investors have shown keen interest in being part of Dubai’s formidable market.
Mirwais Azizi, Founder and Chairman of Azizi Developments, commented: “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.”
“I love Dubai and it is a great honour for us at Azizi Developments to be able to contribute to the realisation of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enrich the lives of the millions of people from around the world who are now calling Dubai their home”, Mr Azizi added.
Azizi will oversee the construction as the master developer, with design firm AE7 as the consultant of the multi-billion dirham project. Azizi Venice is located in the Golf District of Dubai South, just a five minute drive away from Al Makhtoum Interational Airport.
The launch of Azizi Venice comes right after the first cluster of villas sold-out at Palm Jebel Ali. Dubai Land Department revealed that sales transactions in the off-plan and secondary segments in the third quarter of 2022 recorded the highest in 12 years, both in volume and value with 25,456 sales transactions worth Dh69.7 billion.
The recent large-scale luxury launches will bolster the supply of high-scale residences as well as stabilise price once the demand is met. Farther areas of Dubai, like Dubai South and Palm Jebel Ali, which are equidistant from central Dubai and Abu Dhabi, will boost an inward movement of residents, especially those who commute to Abu Dhabi for work. They will be crucial assets for driving the Dh528 billion property market of Dubai.
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