Azizi Developments of the UAE and Qatar’s KEO International Consultants have signed a $5.4bn deal to build a 140ha resort in Dubai’s southern Golf District.
The project, which has yet to be named, will contain holiday villas and homes, as well as a 2km-long glass-covered, air-conditioned shopping street. The development will also boast a “crystal lagoon” with 3km of beaches, water features and greenery.
Azizi will act as the project’s master developer, and will oversee construction and civil engineering work.
The site will be next to the E611 Emirates Road and a five-minute drive from Al Maktoum International Airport.
Mirwais Azizi, Azizi Group’s chairman, said: “We are delighted to have KEO International Consultants on board for the masterplan consultancy of our next flagship project in the highly growth-inclined Dubai South. We now embark on this exciting master development journey, which is an integral part of the next era of our growth trajectory and that of Dubai.
“This sizeable land represents an exceptional opportunity to contribute to the satiation of the exponentially increasing demand for world-class properties in the UAE.”