Burj Azizi Secures $299m Steel Contract as Dubai’s Supertall Tower Push Continues

Michael Ghobrial
13 minutes ago
4 min read

Azizi Developments has awarded a AED 1.1 billion, or about $299 million, structural steel contract for Burj Azizi to Malaysia-based Eversendai Corporation Berhad. The deal moves the 725-metre mixed-use tower another step forward and reinforces Dubai’s position in the global race for supertall development.

Project Overview

Location: Sheikh Zayed Road, Dubai, United Arab Emirates.
Developer: Azizi Developments.
Main contractor for steel package: Eversendai Corporation Berhad.
Contract value: AED 1.1 billion, about $299 million.
Project type: Mixed-use supertall skyscraper.
Height: 725 metres.
Floors: 131-plus.
Completion target: 2028.
Uses: Residential, hospitality, retail, entertainment, and a luxury hotel.
Market position: Planned to be the world’s second-tallest tower on completion.

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Delivery Partners and Key Stakeholders

Developer: Azizi Developments is the client and project sponsor.
Steel specialist: Eversendai Corporation Berhad is delivering the structural steel package.
Location: Sheikh Zayed Road gives the tower a prominent position in Dubai’s skyline.
Project team: The scheme is being delivered through multiple specialist work packages.
Sales and funding model: The tower has been positioned as a premium mixed-use, high-value asset with global buyer appeal.

Construction and Technical Details

Burj Azizi is one of Dubai’s most ambitious high-rise schemes, and the steel package is a critical milestone because it governs the tower’s vertical progress and structural identity. At 725 metres, the building sits firmly in megatall territory and will require a highly engineered superstructure capable of managing extreme loads, wind forces, vertical logistics, and complex sequencing over a very tall core.

The project’s mixed-use nature adds another layer of complexity. It is not simply a residential tower with a hotel bolted on; it is intended to combine luxury apartments, hospitality, retail, and entertainment in one vertical system, which means structural planning, MEP coordination, lifts, fire strategy, and fit-out sequencing all have to work together. That makes the steel contractor’s role especially important, because the structural frame will influence how efficiently the rest of the tower can be built.

Eversendai is a logical choice for this kind of package because it has built its reputation on technically demanding steelwork across the Middle East and beyond. A contract of this size suggests confidence not only in the contractor’s fabrication and erection capability, but also in its ability to manage logistics, tolerances, and execution on a landmark project that the market will closely watch.

Timeline

The project is already under construction.
Sales activity was launched earlier in the programme.
The structural steel contract was awarded in April 2026.
Completion is targeted for 2028.
The tower is expected to progress through a multi-year vertical build programme starting in 2026.

Strategic Importance

Burj Azizi matters because it shows that Dubai’s appetite for statement projects has not gone away. Even in a market where some developers are becoming more selective, the emirate still sees value in landmark towers that reinforce its image as a global centre for luxury real estate, tourism, and architectural ambition. A tower of this scale is not just a building, it is a brand asset for both the developer and the city.

The project also carries strategic weight for the steel and high-rise construction market. A package worth AED 1.1 billion gives a strong signal that major contractors are still willing to commit to technically challenging supertall work in the Gulf, despite the risks that come with long delivery periods and changing market sentiment. For the supply chain, that means opportunities in fabrication, transport, lifting, temporary works, specialist façades, and MEP systems can remain substantial where the client is well capitalised and the project vision is clear.

There is also a broader competitive dimension. Dubai’s skyline has long been used as a symbol of economic momentum and international confidence, and Burj Azizi continues that pattern. If delivered as planned, the tower will add another globally recognisable reference point to Sheikh Zayed Road, while reinforcing the city’s role as a destination for high-value real estate and luxury hospitality investment.

Writer's Opinion

This is exactly the kind of project that reminds the market why Dubai remains so influential in global construction. While some cities talk about ambition, Dubai still tends to package it into visible, bankable, and highly marketable real estate. Burj Azizi is not subtle, but it does not need to be. Its purpose is to signal scale, confidence, and premium positioning in one of the world’s most competitive urban markets.

From a delivery point of view, the steel award is the key story. Supertall towers are only as credible as the structural package behind them, and awarding this scope to a specialist like Eversendai suggests that Azizi wants proven execution rather than novelty. That is a sensible approach on a tower of this height, because the risks are not just commercial, they are engineering-led and schedule-driven.

What stands out to me is the commercial confidence required to keep pushing a project like this at a time when global real estate markets are not uniformly strong. The fact that the scheme continues to advance, and that major packages are being let, indicates that Azizi believes the market for ultra-luxury vertical living in Dubai remains deep enough to support the investment. That may prove right, because Dubai has repeatedly shown that it can absorb high-end products when the brand, location, and delivery story all align.

For Emilecon readers, the lesson is that supertall work still has real momentum where the client is disciplined, the contractor is a specialist, and the market narrative is strong. Burj Azizi is a reminder that the biggest towers are not just design exercises. They are commercial instruments, and when they are backed properly, they can generate an enormous scope for the industry around them.

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