Tag: hotel investment

  • Azizi Developments Launches Dh75 Billion Hospitality Expansion with 151 Hotels

    Azizi Developments Launches Dh75 Billion Hospitality Expansion with 151 Hotels

    The luxury property will rise within the Azizi Riviera community in Mohammed Bin Rashid City, representing the first project in a broader pipeline designed to support the emirate’s tourism ambitions.

    The programme, delivered through Azizi’s dedicated hospitality arm, includes 100 four-star hotels, 50 five-star hotels, and one seven-star property. More than 90% of the portfolio will be located in Dubai.

    Once completed, the developments are expected to add approximately 60,000 room keys to Dubai’s hospitality inventory while generating over 75,000 jobs across the sector. Several hotel projects are already progressing through design, development, and construction stages, with Azizi managing the programme through its in-house capabilities.

    “Dubai has consistently proven itself to be one of the world’s most stable, forward-looking and opportunity-rich destinations. The emirate’s leadership has built an environment that inspires confidence among investors and developers, enabling bold projects that contribute to its global standing,” said Mirwais Azizi, Founder and Chairman of Azizi Developments.

    One of the most prominent projects within the portfolio will be a seven-star hotel inside Burj Azizi, the developer’s planned landmark tower on Sheikh Zayed Road. The skyscraper is expected to become the world’s second tallest building once completed, introducing a new luxury hospitality destination in the city.

    Azizi emphasized that the investment reflects confidence in Dubai’s long-term economic trajectory and aligns with the vision of Sheikh Mohammed bin Rashid Al Maktoum. “Our Dh75 billion investment in hospitality reflects our long-term commitment to Dubai and our strong belief in its continued growth as a global tourism hub,” he stated.

    The developer is also planning to launch the Azizi Hospitality Academy, an institution designed to train hospitality professionals and provide internationally recognized programmes for the UAE’s expanding tourism workforce.

    The announcement comes as Dubai’s real estate and tourism sectors continue to demonstrate resilience. The emirate’s brokerage commissions surged 31% in 2025, while new regulatory frameworks, including mandatory building safety standards, aim to ensure sustainable growth across the sector.