UAE-based real estate developer Azizi Developments purchases six land plots in Dubai’s neighborhood of Meydan, Invest-Gate reports.
The land plots will be added to the 180 other plots acquired last month and expected to feature business, sports and lifestyle outlets.
The project will include residential and retail units located near Meydan One Mall, according to the company’s released statement.
“The combination of Meydan’s strategic location and our comfort with the master developer has led Azizi Developments to expand our initial investments,” says Azizi Developments CEO Farhad Azizi.
The project will also feature Dubai One Tower, which is the world’s tallest residential tower at a height of 711 meters.
Meydan was established in 2015 by UAE Deputy Prime Minister and Ruler of Dubai Sheikh Mohamed bin Rashid Al Maktoum.