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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.

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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 Stock Trading Signals 】 in a written statement.

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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.

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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.

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Burj Azizi is slated for completion in 2028, with apartments expected to go on sale in February 2025.

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