Azizi Developments Announces Sales Launch for Burj Azizi, the World’s Second-Tallest Tower at 725m

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Feb 18, 2025--

Azizi Developments, a leading private developer in the UAE, will officially launch the sales of Burj Azizi, the world’s second-tallest tower, standing at an impressive 725 meters tall on a prime plot of land on Dubai’s Sheikh Zayed Road.

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The grand launch event will be held at the Coca Cola Arena, City Walk on February 18th, featuring a headline performance by American singer Jennifer Lopez (JLo) and will welcome over 15,000 attendees. Among the guests are government officials, media representatives, brokerage partners, banks and financial institutions, investors, high-profile influencers and various celebrities.

Scheduled for completion by 2028, the 131+ story tower offers suites, penthouses, apartments, and holiday homes priced between AED 10,000 and AED 17,000 per square foot. It will also include an all-suite seven-star hotel inspired by seven cultural themes.

Burj Azizi’s extensive amenities incorporate wellness centers, swimming pools, saunas, cinemas, gyms, mini markets, resident lounges, and a children’s play area. As the only freehold property on Sheikh Zayed Road, the tower will also house a vertical retail center spread across seven floors, a luxury ballroom, a beach club, a distinctive observation deck, an adrenaline zone, and a variety of high-end dining options.

Once completed, Burj Azizi is poised to set numerous new world records, including the highest hotel lobby on level 11, the highest nightclub on level 126, the highest observation deck on level 130, the highest restaurant in Dubai on level 122, and the highest hotel room in Dubai on level 118.

Additional sales launch events will be held on the 19 th of February at prestigious venues across the world, including the Conrad Hotel in Dubai, The Peninsula in Hong Kong, The Dorchester in London, JW Marriott Juhu in Mumbai, New York Marriott Downtown, Marina Bay Sands in Singapore, Four Seasons Hotel in Sydney, and the Palace Hotel in Tokyo.

Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: “Our Burj Azizi sales launch event will mark one of our proudest moments to date. It is one of the most significant milestones in our mission to redefine luxury living and architectural innovation while shaping Dubai’s iconic skyline. Burj Azizi will stand as a testament of the UAE’s ambition and pursuit of excellence, offering unparalleled ultra-luxury residences, world-class amenities, and record-breaking features that set new benchmarks in the industry, globally.”

He added: “I extend my deepest gratitude to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for his visionary leadership, and to the Dubai authorities for their invaluable support in making this groundbreaking project possible. Burj Azizi is not just a structure; it is a tribute to the emirate’s ever-growing prominence on the global stage. We are honored to play a role in forming this city’s legacy, one that will prevail for all generations to come.”

About Azizi Developments

Azizi Developments is a leading developer based in Dubai, UAE. With more than 30,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in.

Azizi currently has around 40,000 units under construction that are projected to be delivered by 2027, worth several billion US dollars. The company is renowned for developing the world’s second tallest skyscraper and an AED 2.5 billion opera, which is its gift to the city, as part of its cultural district at Azizi Venice. Azizi has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers, and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

*Source:AETOSWire

“Burj Azizi” (Photo: AETOSWire)

NEW YORK (AP) — Thursday was the final day to select an Affordable Care Act health insurance plan across much of the country, as the expiration of federal subsidies drives up health costs and lawmakers remain locked in a debate over how to address the issue.

That's when the open enrollment window ends in most states for plans that start in February. About 10 states that run their own marketplaces have later deadlines, or have extended them to the end of the month to give their residents more time.

The date is a crucial one for millions of small business owners, gig workers, farmers, ranchers and others who don't get their health insurance from a job and therefore rely on marketplace plans. A record 24 million Americans purchased Affordable Care Act health plans last year.

But this year, their decisions over health coverage have been more difficult than usual as clarity over how much it will cost is hard to come by. And so far, enrollment is lagging behind last year's numbers — with about 22.8 million Americans having signed up so far, according to federal data.

Last year, for months, it was unclear whether Congress would allow for the end-of-year expiration of COVID-era expanded subsidies that had offset costs for more than 90% of enrollees. Democrats forced a record-long government shutdown over the issue, but still couldn't get a deal done. So the subsidies expired Jan. 1, leaving the average subsidized enrollee with more than double the monthly premium costs for 2026, according to an analysis from the health care nonprofit KFF.

Still, the question of whether Congress would resurrect the tax credits loomed over Washington. Several enrollees told The Associated Press they have either delayed signing up for coverage or signed up with a plan to cancel as they anxiously watch what's happening on Capitol Hill.

Last week, the House passed a three-year extension of the subsidies after 17 Republicans joined with Democrats against the wishes of Republican leaders. But the Senate rejected a similar bill last year.

Sen. Bernie Moreno, R-Ohio, has been leading a bipartisan group of 12 senators trying to devise a compromise and said this week that he expects to have a proposal by the end of the month. The contours of the senators’ bipartisan plan involves a two-year deal that would extend the enhanced subsidies while adding new limits on who can receive them. The proposal would also create the option, in the second year, of a new health savings account that President Donald Trump and Republicans prefer.

Under the deal being discussed, the ACA open enrollment period would be extended to March 1 of this year to allow people more time to figure out their coverage plans after the disruption.

Still, Republicans and Democrats say they have not completed the plan, and the two sides have yet to agree if there should be new limits on whether states can use separate funds for abortion coverage.

President Donald Trump on Thursday announced outlines of a plan he wants Congress to consider that would. It would, among other things, redirect ACA subsidies into health savings accounts that go directly to consumers. Democrats have largely rebuffed this idea as inadequate for offsetting health costs for most people.

Associated Press writers Mary Clare Jalonick and Lisa Mascaro contributed from Washington.

FILE - Pages from the U.S. Affordable Care Act health insurance website healthcare.gov are seen on a computer screen in New York, Aug. 19, 2025. (AP Photo/Patrick Sison, File)