What is driving the rise of APL Apollo Tubes Limited (533758) - Free Long-Term Wealth Growth Plan

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What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. Editor’s Note: This 【 - Free Long-Term Wealth Growth Plan 】 series is, or was, sponsored by the country it highlights. 【 - Free Long-Term Wealth Growth Plan 】 retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance withour policy.

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.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. 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 Long-Term Wealth Growth Plan 】 in a written statement.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital 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.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. 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.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. 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.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. 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.

What is driving the rise of APL Apollo Tubes Limited (533758) ✌️【Investment Tools】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. 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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