Staff Report
Dubai, UAE:
Construction of third phase of Riviera accelerates, master developer Azizi Developments said, after years of delays.
“Azizi Developments is advancing rapidly in the construction of the third phase of Riviera, its French Mediterranean-inspired waterfront community strategically located in the highly sought-after Mohammed Bin Rashid City, amidst Dubai’s business, leisure, and retail hubs,” a company statement said.
Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish waterfront-lifestyle destination comprising 75 mid- and high-rise buildings with approximately 16,000 residences. Phase 3’s buildings are fully equipped with gyms, swimming pools, saunas, steam rooms, and children’s play areas, and are surrounded by vast green open spaces and other lifestyle-enhancing amenities.
Azizi Developments has handed over the keys to buildings 2, 4, 7, 11, 12, 13 and 14, comprising 1,164 units, in the first phase of its flagship waterfront community project Riviera in MBR City.
“The third phase is now 97 percent complete, with handovers having been scheduled for Q2 and Q3 of 2023. The total workforce at Riviera has been increased to over 5,000 to expedite the construction process,” the statement said.
Commenting on the rapid construction, Farhad Azizi, CEO of Azizi Developments, said: “We are thrilled to witness our mega-project come to life, with it soon being home to many of our valued investors and end-users. Its speedy, high-quality construction and unparalleled value proposition have been driving forces behind its popularity, with Riviera contributing to the satiation of the exceptionally high and exponentially growing demand for high-ROI, strategically located, and well-thought-out communities from both local and international investors. Riviera as a whole will soon be home to over 16,000 families, with phase 3 clients being handed their keys in the coming months, representing a major milestone that instils pride and excites all of us at Azizi Developments.”
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 on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.
Azizi had earlier said, it plans to deliver 11,000 units across 45 projects. The developer ended 2022 on ‘a high note’, having sold a total of over 6,000 units, amounting to $1.5 billion further contributing to Dubai real estate.
ENDS
