Dubai, UAE: Dubai-based property developer Azizi Developments, said it will deliver 42 projects comprising 8,895 units in 2022, that will rebalance the residential property market where prices have been appreciating since the beginning of 2021.
The developer reported a 44 percent increase in sales of its premium off-plan, completed, and soon-to-be-completed residential and commercial developments throughout Dubai during the second half of 2021.
“More than 150 storeys over 2.92 million square feet of built-up area were completed, with more than 22.9-million-manhours of construction having been invested and 150,000+ cubic meters of concrete having been poured. In 2022, Azizi now plans to deliver 42 of its world-class projects totalling 8,895 units,” the company said in a statement.
“This announcement comes in line with Azizi Developments’ commitment to timely delivery and customer satisfaction and the growing performance of the real estate sector in Dubai. The projects to be handed over this year will comprise 40 buildings in the megaproject Riviera in MBR City, Creek Views I in Dubai Healthcare City and Berton in Al Furjan, all very distinguished developments that form a substantial part of Dubai’s internationally renowned residential and retail landscape.”
The deliveries will come after repeated delays in its master-planned community Riviera at the MBR City.
Farhad Azizi, CEO of Azizi Developments, said, “This year has been an exciting one for us at Azizi Developments, with our record-breaking sales and construction speed. Several projects were completed, all in a timely manner, with Star being the latest delivery. 2022 looks very promising with our megaproject Riviera making rapid progress, and even more developments to be handed over. We value the support of those involved and thank them for their contributions in turning our projects from conceptualisation into reality – homes where thousands of happy families will see their lifestyles enhanced and their dreams manifest.”
Azizi Developments’ construction has been progressing more rapidly than ever before in 2021, a momentum that the developer is planning to uphold in the coming year. In the past year alone, Azizi has handed over Aura in Jebel Ali, Samia, Farishta and Shaista in Al Furjan, Mina on Palm Jumeirah and just recently, in November, Plaza and Star in Al Furjan.
Part of Azizi Developments’ portfolio, and with 40 buildings to be handed over next, Riviera a stylish waterfront-lifestyle destination located in the heart of MBR City that is planned to comprise 71 mid-rise buildings with approximately 16,000 residences upon its completion, conveniently located amid all the business, leisure, and retail hubs of the city.
Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.
Recently, Azizi Developments had announced the addition of a 2.7-kilometre-long crystal lagoon to Riviera, covering an area of over 130,026 square metres that will stretch across the entirety of the community. With stunning blue flooring, filled with more than 51.5 million gallons of crystal-clear, desalinated and clean water that residents can swim in, and easily accessible via its lagoon walk — which will also feature a vast variety of artisan eateries and boutiques — Azizi’s lagoon will be a bustling space where residents can enjoy strolls along the beach-like shores, sunbathe and cool off.
With its strategic location near the upcoming Meydan One Mall and the Meydan Racecourse — home of the Dubai World Cup — as well as Dubai’s most noteworthy points of interest, Riviera represents one of Azizi Developments’ most coveted projects.
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