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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 Professional Portfolio Management 】 in a written statement.

what is the future upside potential of swan energy limited (503310) ✌️【Online Trading】✌️ AI-powered stock trend analysis with free, up-to-the-minute updates. Analyze global stock, futures, and forex data to capture market movements and make smart investment choices with expert insights. The developer kept its “options open for both scenarios” when it began preparatory works earlier this year. But with the green light given for the building’s more ambitious proposal, additional work to the foundations and piling is “well underway,” Azizi added.

what is the future upside potential of swan energy limited (503310) ✌️【Online Trading】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. The 131-story skyscraper will feature apartments, an all-suite “seven-star” luxury hotel and a seven-floor “vertical” shopping mall.

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.

what is the future upside potential of swan energy limited (503310) ✌️【Online Trading】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. The tower is anticipated to set several records, including the world’s highest hotel lobby (on level 11), the world’s highest nightclub (on level 126) and the world’s highest observation deck (on level 130), according to Azizi Developments. The developer also said the building will clinch the record for Dubai’s highest restaurant (meaning its 122nd-floor venue will be higher than the Burj Khalifa’s 122nd-floor restaurant,At.mosphere) and the city’s highest hotel room, on the tower’s 118th floor.

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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