Azizi to announce $8bn Sharjah residential community

14 September 2026
Azizi to announce $8bn Sharjah residential community

Dubai‑based real estate developer Azizi Developments is preparing to launch Azizi Florence, a AED30bn ($8bn) masterplanned community in Sharjah.

Named Azizi Florence, the project will mark the developer’s first venture in the emirate of Sharjah. The community will include 1,130 villas, over 6,000 townhouses and 3,500 apartments.

Planned as a fully integrated destination, Azizi Florence will combine residential, retail, hospitality, education, leisure, and wellness components, anchored by a 1.7 million‑square‑foot central park.

The development will be organised into six residential clusters, each featuring its own park, clubhouse, community centre and landscaped gardens.

Azizi Florence is another major addition to the developer’s UAE portfolio.

In April last year, Azizi announced plans to develop the Azizi Milan community in Dubai’s City of Arabia area.

According to media reports, the project will be developed at an estimated cost of AED75bn ($20bn) and will offer over 81,200 residential units.

The developer said the project will cover an area of about 40 million square feet, making it one of the largest mixed‑use communities in the UAE.

In 2023, Azizi launched the Azizi Venice project in the Dubai South area. The estimated AED30bn ($8.17bn) mixed‑use development will offer more than 30,000 residential units, including 100 mid‑rise apartment complexes and 400 villas, two five‑star hotels and an opera house.

The development will also include schools, a hospital, cycling and jogging tracks, a 3‑kilometre‑long swimmable lagoon, water features and landscaped parks.

Dubai real estate developments dominate the UAE’s construction market, with schemes worth over $323bn in the execution or planning stages.

This is in line with a forecast by GlobalData, which projects that the output of the UAE construction sector will grow by 4.2% in real terms in 2025, supported by developments in infrastructure, energy and utilities and residential construction projects.

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