Azizi Developments Plans to Invest $16.3 Billion to Build 50 Luxury Hotels and Resorts in Dubai

May 10, 2023

As the UAE’s tourism industry gradually recovers from the pandemic, Dubai-based developer Azizi Developments (hereafter referred to as “Azizi”) plans to invest AED 60 billion (approximately $16.3 billion) to build 50 luxury hotels and resorts in Dubai, including a seven-star hotel.
On May 5th, Azizi announced that with the launch of new development projects, the company would add nearly 20,000 rooms to Dubai’s hotel industry over the next five years.
*Note: Dubai is the most populous city in the United Arab Emirates and the capital of the Dubai Emirate, one of …