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Dubai’s super-sized skyline is already home to the world’s tallest skyscraper. Now, it is set to welcome the world’s second tallest, too.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The Burj Azizi broke ground in January this year, but its exact height was not disclosed at the time as its developer awaited approval from Dubai authorities, including the General Civil Aviation Authority (GCAA), which is involved in planning for “supertall” buildings.
On Wednesday, however, real estate firm Azizi Developments announced that its skyscraper will tower over neighboring landmarks — all but one, that is — at a staggering 725 meters (2,379 feet) tall.
“From the outset, we had plans for two designs — one for the initially approved height of 526 meters, and the other for the taller, now-approved 725 meters,” Mirwais Azizi, the founder and chairman of Azizi Developments, told 【 - Free Stock Selection with 300% Return 】 in a written statement.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The developer kept its “options open for both scenarios” when it began preparatory works earlier this year. But with the green light given for the building’s more ambitious proposal, additional work to the foundations and piling is “well underway,” Azizi added.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. The 131-story skyscraper will feature apartments, an all-suite “seven-star” luxury hotel and a seven-floor “vertical” shopping mall.
Located on Sheikh Zayed Road, in Dubai’s World Trade Center district, Burj Azizi will still stand almost 340 feet shorter than the 2,717-foot-tallBurj Khalifa, less than two miles away. But it will handily beat local competition for the city’s second-tallest title, exceeding the current holder, Marina 101 (1,394 feet).
Once topped out, it will also exceed the world’s current second-tallest building, Malaysia’s 2,227-foot-tallMerdeka 118.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. The tower is anticipated to set several records, including the world’s highest hotel lobby (on level 11), the world’s highest nightclub (on level 126) and the world’s highest observation deck (on level 130), according to Azizi Developments. The developer also said the building will clinch the record for Dubai’s highest restaurant (meaning its 122nd-floor venue will be higher than the Burj Khalifa’s 122nd-floor restaurant,At.mosphere) and the city’s highest hotel room, on the tower’s 118th floor.
In apress release, Azizi said investment in the project has surpassed 6 billion dirham ($1.6 billion).
“My vision for Burj Azizi is to create a lasting legacy, a tribute to Dubai as a destination of choice for both residents and visitors and a monumental achievement in engineering,” said Azizi in the release.
Dubai currently hasmore towersmeasuring over 300 meters (984 feet) than any other city worldwide, according to the Council on Tall Buildings and Urban Habitat.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The city is no stranger tosuperlative structures. It boasts theworld’s highest infinity pool, theworld’s largest natural flower garden, andthe world’s largest picture frame, to name a few.
How is the market cap and valuation of JMJ Fintech Limited (538834) ✌️【Employment Opportunities】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. There are many more under construction, too: The Franck Muller Aeternitas Tower hopes to claim the title of the world’stallest residential clock towerwhen it opens in 2027, andCiel Dubai Marina, scheduled for completion later this year, is expected to become the world’s tallest hotel. The Burj Binghatti Jacob & Co Residences, meanwhile, is set to become the world’s tallest residential structure (and Dubai’s third-tallest building) at 1,952 feet.
Burj Azizi is slated for completion in 2028, with apartments expected to go on sale in February 2025.
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