Dubai: Dh30 billion real estate project announced; will house 30,000 residences and the city’s second opera house – News

Project to house a temperature-controlled glass-covered pedestrian boulevard and one of the largest crystal-blue water lagoons in the world.

Dubai-based property developer Azizi Developments on Wednesday launched a Dh30 billion mixed-use desert oasis community project. Azizi Venice in southern Dubai will house 30,000 residential units.

The private developer announced that the Venice-inspired coastal community will be home to 100 mid-rise apartment complexes and more than 400 luxury villas and mansions.

It will be located entirely within one of the largest crystal-blue lagoons in the world.

Spread over a 15 million sq ft land, it will also feature a temperature-controlled pedestrian boulevard and Dubai’s second opera house. The boulevard will be open-air in the winter and covered in glass in the summer to ensure a temperature-controlled space and activity all year round.

Underground parking spaces will be built to provide tens of thousands of daily visitors with easy access to Azizi Boulevard and the Azizi Opera House.

Mirwais Azizi, founder and president of Azizi Developments, said the community will become a home for about 80,000 residents and a tourist attraction for about 30,000 visitors daily.

“I love Dubai and it is a great honor for us to contribute to the realization of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, to enrich the lives of the millions of people from all over the world who now call Dubai their home,” he added.

Property developers in Dubai are aggressively launching projects to cash in on unprecedented demand from residents and foreign investors. On Wednesday, Nakheel Properties launched phase 2 of villas in Palm Jebel Ali and Emaar Properties launched Nima, The Valley. Recently, the Burj Khalifa developer also launched The Oasis by Emaar, valued at $20 billion. Additionally, private developers such as Danube Properties and Damac have also launched multiple residential projects this year to cash in on demand.

The Azizi Venice community will have multiple beaches, surrounding all of its condominium buildings, villas and mansions, as well as its extensive commercial, retail and entertainment space. The turquoise, desalinated and filtered waters will be framed by beach-like shorelines, an 8km long running and cycling track, sports and yoga facilities and a promenade with a variety of restaurants and artisan boutiques.

It will also feature two five-star hotels owned and operated by Azizi at the entrances to the community, as well as a boutique hotel located on an island in the middle of the lagoon.

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