Azizi acquires six more plots in Meydan
Azizi Developments has purchased a further six plots within Meydan in Dubai to add to the 180 plots acquired last month, which will lead to a city within the master development.
The six additional plots will feature low-mid-rise residential and retail projects near the planned Meydan One Mall.
With a gross floor area of 5 million square metres, Meydan will become home to more than 83,000 residents. The development will also feature Dubai One Tower, which will be the worlds tallest residential tower at a height of 711 metres.
Farhad Azizi, CEO of Azizi Developments, said: Following our impressive portfolio of 20 projects in Dubai by the end of 2016, we analysed several international investments opportunities across the globe. Dubai continues to be the leading real estate destination in the Middle East and among the most promising cities in the world.
“Last month, we acquired 180 plots from Meydan and the additional six plots in the same area, show our growing confidence in this city. A multitude of acquisitions across Dubai will be announced soon.
Meydan was originally launched in August 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.”