Latest news with #Dh75
Al Etihad
17-06-2025
- Business
- Al Etihad
ADIS 2025: Experts highlight Abu Dhabi's shift toward people-focused infrastructure
18 June 2025 00:15 SARA ALZAABI (ABU DHABI)Abu Dhabi has been shifting from traditional infrastructure development toward integrated, community-focused planning and smart execution, experts highlighted at the opening session of Abu Dhabi Infrastructure Summit (ADIS) emirate's infrastructure investments are guided by community needs — not just engineering goals, Dr. Saif Sultan Al Nasseri, Undersecretary at the Department of Municipalities and Transport (DMT), said during the session titled 'Abu Dhabi: The Capital of Lifestyle Development'.'We have committed Dh75 billion to long-term infrastructure investment—but what matters most is that we are shaping it around people. Our residents are co-creators of this future,' he Al-Olama, Director General of the Abu Dhabi Investment Office (ADIO), stressed that infrastructure planning is no longer about roads and bridges alone.'It is not about the next 50 years - it is about the next 20. And the next five are critical,' he said in the same session. 'Infrastructure investment is shifting toward smart health, sustainability, and AI.'Al-Olama noted that Abu Dhabi stands apart for its long-term, relational approach to development.'We do not do just projects—we build cities, communities, emotional connections.'Another panellist, Dr. Mohamed Al Zaabi, Group CEO of Miral, reflected on the evolution of Yas Island into a global entertainment hub in just 18 years.'This is only possible in a city like Abu Dhabi - safe, open, and full of opportunity,' he Al Breiki, CEO of Aldar Projects, spoke of the challenges and rewards of implementing the government's ambitious infrastructure mandate since 2020. 'At first, it was daunting. But with stakeholder alignment and private sector support, we have delivered,' he said. 'Execution requires not just hard work, but continuous coordination under a unified vision.'
Hi Dubai
09-05-2025
- Business
- Hi Dubai
Al Maktoum International Airport to Begin Operations by 2032
New Dh1-billion runway contract marks major milestone in developing the world's largest airport. Dubai's aviation landscape is set for a dramatic transformation as Al Maktoum International Airport (DWC) moves closer to becoming the new aviation hub of the emirate. The first phase of the mega airport is scheduled for completion by 2032, with the capacity to handle 150 million passengers annually. Once operational, DWC will begin taking over all flight operations from Dubai International Airport (DXB), according to a top official. New Runway and Groundwork Underway Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation, made the announcement on Thursday during the Airport Show in Dubai. He revealed that a Dh1-billion contract has been awarded for the construction of a second runway at DWC. Enabling work—often the initial step in large-scale construction—has already begun, with an additional Dh75 million allocated to this preparatory phase. 'We are moving decisively to deliver the project on schedule,' Al Zaffin said, noting that design work is in progress and ground activity has started. A Technological Marvel in the Making The airport, which has been described as the 'most futuristic' in the world, will feature cutting-edge technology and a passenger-centric design. Once complete, DWC will cover 70 square kilometers—five times the size of DXB—and will eventually serve up to 260 million passengers and 12 million tonnes of cargo annually. Plans include two main passenger terminals, seven concourses, and over 400 aircraft gates. The airport will also introduce AI-powered systems to optimize operations, including automated gate allocations and smarter terminal layouts for smoother passenger transfers. Redefining the Travel Experience Beyond its size, DWC is being designed as a travel destination in itself. According to Al Zaffin, the terminal will feature immersive retail experiences, advanced duty-free outlets, and robots handling baggage. 'There is going to be a giant terminal for arrivals and departures which will then lead to different concourses,' he said. 'It's going to be a place where travel is celebrated.' The design process involved reviewing multiple iterations to ensure both efficiency and elegance in passenger flow and airport experience. Smart Immigration and Seamless Travel In collaboration with government authorities, Dubai plans to implement a smart corridor that allows passengers to clear immigration in seconds. Lieutenant General Mohammed Ahmed Al Marri, Director General of GDRFA, had previously hinted at these advancements. Al Zaffin confirmed the vision but noted that certain features, like borderless travel, may take longer to fully realize. 'The plan is to have an airport where people can move through without customs and immigration,' he said. 'How much of it we do at the test stage and how much we do later remains to be seen.' A Phased Shift from DXB to DWC Last month, Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports, confirmed the awarding of initial contracts for DWC's development. Once operational, DWC will gradually take over all flight operations from DXB, positioning Dubai at the forefront of global aviation innovation and capacity. With its mix of scale, advanced technology, and passenger-first design, Al Maktoum International is poised to reshape how the world travels through Dubai. News Source: Khaleej Times
The National
29-04-2025
- Business
- The National
Trump Organisation open to crypto payments for unit sales in new $1 billion Dubai tower
Dubai is one of the hottest property markets in the world, Eric Trump, executive vice president of the Trump Organisation, said, while adding that he would accept cryptocurrencies for property purchases at the company's new project in Dubai. The Trump Organisation in partnership with London-listed Dar Global unveiled a $1 billion development in Dubai, which will have a Trump-branded hotel as well as residential units and a clubhouse. The development will have two penthouses costing Dh75 million ($20.4 million) each while a three- to four-bedroom apartment will be sold for about Dh4 million to Dh5 million, according to the company's top executives. The project will be located at the entrance of Downtown Dubai on Sheikh Zayed Road and will be completed in five years. Dubai is 'certainly one of the' hottest property markets in the world, "as evidenced by the amount of tower cranes and the kind of luxury projects being built', Mr Trump told The National in an interview in Dubai on Tuesday. 'What's interesting is everybody's trying to redefine luxury, redefine kind of the highest pinnacle, and they're all succeeding.' Dubai has 'become a destination for the entire world. It's become such a safe haven for so many people, so many countries, so many people want to put money here. So many people want to invest here, from all over the world, all over Europe, the Asian continent, all over Africa. Dubai has really become the epicentre of all of that.' The influx of high-net-worth individuals has been boosting Dubai's property market, which has been benefiting from government initiatives such as residency permits for retired and remote workers, expansion of the 10-year golden visa programme and overall growth in the UAE's economy on diversification efforts. Dubai registered 111 sales of homes valued at more than $10 million in the first quarter of 2025, up 5.7 per cent on an annual basis, with a total value of $1.9 billion, Knight Frank said in a recent report on Tuesday. Last year, the UAE admitted 7,200 millionaires, building on an influx of 4,700 in 2023 and 5,200 in 2022, Knight Frank said, quoting data from Henley & Partners. The total number of dollar millionaires in the UAE stood at 130,500 at the end of December, ranking the Emirates as the 14th-largest wealth market globally. 'Dubai's real estate market is going to continue to absolutely boom and we're going to set the kind of new standard in terms of price per square foot and luxury in the market,' Mr Trump said.
Khaleej Times
24-04-2025
- Business
- Khaleej Times
Azizi Developments unveils Azizi Milan, the new fashion capital of the Middle East
Azizi Developments, a leading private developer in the UAE, has unveiled Azizi Milan, a landmark master-planned community. The launch event, which will welcome over 10,000 guests, is hosted on April 23, in Dubai's renowned Coca-Cola Arena, featuring headlining performances by Tamer Hosny, Nora Fatehi and Sunidhi Chauhan. Azizi Milan, at a total value exceeding Dh75 billion, is slated to cover 40,000,000 sq. ft. in GFA, making it one of the largest mixed-use communities in the entire UAE. The master plan will be home to a population of 144,000, with 800 hotel keys to be created. Mirwais Azizi, Founder and Chairman of Azizi Developments, said: 'Much like the famed city of Milan, known for its beauty and elegance, Azizi Milan will embody the spirit of Italian living, right here in our home - Dubai. We have put a lot of thought into every detail, thinking about public spaces and community areas as well as creating homes that are as sophisticated and sustainable as they are welcoming. As with our other major projects, we are committed to building world-class homes and infrastructure that elevate the lifestyles of all those who will visit, live and work in what will soon be the classy, tasteful, and sustainable fashion capital of the Middle East.' Azizi Milan has been conceptualized with inspiration from Milan's rich cultural heritage. Its bold arches and design elements add to aesthetics as well as function. Azizi Milan will form a focal point for those who enjoy the city's vibrant after-hours, as well as for those wanting to be part of internationally acclaimed fashion shows and other high-caliber events that will be hosted there. Sustainability is a key consideration that guides the entire development of this contemporary zero-carbon community. To offset emissions, Azizi will support landmark mangrove carbon projects, as well as global forest and solar developments certified by VERRA and the Gold Standard. Azizi Milan is a dynamic, self-sustaining haven with residential projects, a sprawling mall, luxury hotels, retail districts, office spaces, and lifestyle amenities, including schools, nurseries, mosques, wellness facilities, and parks. Its tallest towers, which will shape the northern skyline, will rise up to 70 stories high, while low- to mid-rises from 25 to 35 stories make up the central part of the development. Strategically situated on iconic Sheikh Mohammed Bin Zayed Road (E311) – one of the UAE's most important arteries that connects Abu Dhabi, Dubai, Sharjah, Ajman and Ras Al Khaimah – Azizi Milan offers unmatched accessibility. Adding to its location's appeal, the community is just a short walk from the nearest future Blue Line metro station. Azizi Milan follows the successful blueprint, construction and sales of Azizi's Riviera in MBR City, and Azizi Venice in Dubai South, with Azizi Developments serving as the master developer, overseeing road networks and general infrastructure.
Gulf News
23-04-2025
- Business
- Gulf News
Dubai's Azizi buys more land in Dubai - launches Dh75b 'fashion-focused Milan'
Dubai: Azizi Developments has launched a Dh75 billion residential development in Dubai within the area used to be known as 'City of Arabia' and near Sheikh Mohammed Bin Zayed Road. The new project – 'Azizi Milan' – sees the Dubai developer stick to naming its community-style projects after cities in Europe, with 'Azizi Venice' being the earlier one. A clear standout of the latest project is Azizi's move to buy a sizable chunk of land in Dubai. According to Mirwais Azizi, Chairman of Azizi, "As the (original) Milan, this new development will become the fashion hub of the Middle East and Asia, where all the brand names and fashion leaders will be present and become an incubator for emerging fashion and local design talent to grow. 'We are developing the masterplan entirely - it will be a place to meet friends, shop and live...' Major draw for Dubai's new communities Locations off Mohammed Bin Zayed Road are the new go-to places for community-themed projects in Dubai. Aldar, the Abu Dhabi master-developer, recently launched a community, Athlon, near Global Village. As the city expands, it has organically created the need for new residential options. And property investors are ready to follow where new openings are happening. 'We are launching Azizi Milan as a response to the strong, growth-inclined demand for well-thought-through communities in Dubai,' said the Chairman. 'Azizi Milan will eventually cater for a population of 140,000 spread over 80,000 apartments and across 40 million square feet of GFA. This includes at least 500 hotel keys and 2.5 million square feet of retail.' Sales of homes at Azizi Milan starts April 24. The project is 'one with prices that make homes more attainable than those in our ultra-luxury projects, such as Burj Azizi on Sheikh Zayed Road and our Monaco Mansions in Venice,' said Azizi. 'Azizi Milan caters to a much wider demographic - we anticipate a strong investor response beginning the day of its sales launch.' Many portions of the old masterplan will be 'revisited and redesigned'. Azizi Milan will also have a mall and retail districts, as well as office spaces and schools. And a lot of green areas too. Existing City of Arabia properties Over the years, a resident base has grown within City of Arabia. 'The existing communities will remain separate in facility and property management,' said Mirwais Azizi. 'We will merely build next to and around them, effectively enhancing the community as a whole for the benefit of all stakeholders.
