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Azizi Developments, one of the UAE's largest private property developers, has announced a massive investment of AED 75bn (approximately US$20.4bn) to develop Dubai's hotel sector. The programme includes plans to build 151 hotels, which is expected to make a significant contribution to the emirate's tourism and hotel infrastructure.
Scale and structure of the project
The initiative will cover several segments of the hotel market. The planned portfolio will consist of:
- 100 four-star hotels;
- 50 five-star hotels;
- one flagship seven-star hotel to be located in the Burj Azizi skyscraper on Sheikh Zayed Highway.
More than 90 per cent of the future properties will be located in Dubai. Upon completion of the programme, the emirate is expected to have around 60,000 hotel rooms and create more than 75,000 new jobs in the tourism and hospitality sector.
First step towards realisation
The first phase of the programme has already begun. The developer marked its launch with a groundbreaking ceremony for the first five-star hotel. The property will be built in the Azizi Riviera residential complex in the Mohammed Bin Rashid City neighbourhood. Currently, around ten hotels are already in various stages of design and construction.
Educational initiative
Alongside the construction programme, Azizi Developments also plans to establish the Azizi Hospitality Academy. The academy will specialise in training professionals for the hospitality sector in line with international standards, helping to ensure future hotels have qualified professionals trained in the UAE.
Mirwais Azizi, Founder and Chairman, said that this investment reflects strong confidence in Dubai's economic sustainability and its long-term vision as a global centre for tourism and investment. The initiative also supports the emirate's strategy to attract millions of visitors from around the world.
