With nearly all of its available units sold, the developer now plans to release the remaining, previously unseen units in the coming weeks
Dubai, United Arab Emirates: Azizi Developments, a leading private developer in the UAE, has sold 90% of its released units at Beachfront, the developer’s three premium lagoon-facing towers in Riviera, MBR City. The units were sold to 68 different nationalities. The remaining, previously unseen units will now be released in the coming weeks.
Azizi has disseminated its sales data, indicating a growing interest from both local and international investors. Russian citizens make up the majority of its Beachfront customer base, representing 15.5% of the total sales. The nationality breakdown also shows a surging demand from Italian investors, who make up 8.6%, while 6.8% of the investors are from the Kingdom of Saudi Arabia. Another 5% hold a United Arab Emirates passport, followed by buyers from the United Kingdom who constitute 4.5% of Beachfront’s sales. Other nationalities who have snapped up units in the highly sought-after project include German, French, Canadian, South African, Korean, Swiss, Egyptian, and American investors, among others.
Azizi has made substantial investments to cater to foreign buyers, as seen by the inauguration of its virtual property tours, video calling consultations, foreign sales offices, road shows, and fly-in programme, among a multitude of other impactful initiatives.
Mr Farhad Azizi, CEO of Azizi Developments, said: “Dubai is the most welcoming city, and as such, it comes as no surprise that it attracts such a large number of international investors. It fills us with great pride to serve as a contributing force in showing the world the many marvels this emirate – our home – has to offer, its safety and comfort as a place to visit, live, work and invest in, its prowess as a leading hub for business, tourism and innovation, its outstanding ROIs and all the other perks the city grants its multinational residents.”
“Beachfront having been sold to 68 nationalities, and the released units being 90% sold out, is a pronounced testament to our efforts. As a catalyst to the development of this awe-inspiring city, we work determinedly to further boost its FDI and strengthen its position as the world’s leading real estate investment destination.”
Offering beachfront living in the heart of Dubai, the latest three 14-storey developments, with 252 studios, 84 one-bedroom apartments, 84 two-bedroom apartments and 19 retail spaces, totalling 439 units, are highly sought-after. Each of the buildings is set on the shores of Azizi’s 2.7-kilometre-long swimmable crystal lagoon, features direct beach access as well as its own swimming pool, vast landscaped areas, a fully equipped gym, a barbeque area, a children’s playground and games, and a yoga space. Moreover, the community will comprise several basketball and tennis courts, an extensive jogging and cycling track, and numerous other facilities, offering residents a vibrant living experience that fosters a true sense of belonging.
Riviera is part of Azizi Developments’ award-winning portfolio. It is 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 in the midst of 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 announced the 2.7-kilometre-long swimmable crystal lagoon will be completed much sooner than expected, 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.
Azizi Developments is now gearing up for the remainder of its 2022 deliveries, comprising a total 8,895 units across 42 projects.
About Azizi Developments
Azizi Developments is a leading developer based in Dubai, UAE. With tens of thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.
Azizi currently has approximately 100 ongoing projects that are to be delivered by 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.