- Riviera’s Phase 4 has a project value of AED 4bn
- All four phases of Riviera to be completed by end of 2022, with the first deliveries in Phase 1 happening this summer
Dubai, United Arab Emirates: Azizi Developments, a leading private developer in the UAE, has celebrated its ground-breaking and begun the construction of the fourth phase of Riviera, its flagship master planned French Mediterranean-inspired lifestyle community situated in MBR City, Dubai’s most popular residential destination by sales transactions, move-in requests and property prices, due to popular demand. Azizi’s fourth phase of Riviera is built with a project value of AED 4bn.
Riviera Phase 4 will comprise 5,061 units, featuring around 2,606 studios, 1,579 one-bedroom and 876 two-bedroom homes. All buildings will come with fully equipped gyms, two swimming pools, saunas, steam rooms and children’s play areas, and are surrounded by vast green open spaces and other amenities.
Construction at Riviera is progressing swiftly, with the first phase now being 85% complete, the second phase having reached more than 70%, and the third phase already being over 40% constructed.
The first homes in Riviera’s Phase 1 will be handed over this summer, with the last keys of Phase 4 homes being given to Azizi’s savvy investors and end users by the end of 2022, marking the completion of the entire four-phase megaproject.
Commenting on the much-awaited launch, Mr Mirwais Azizi, Founder and Chairman of Azizi Developments, said: “We are excited to expand Riviera, our pride and joy in Dubai’s most sought-after residential destination, with yet another phase. The investor response to this community development has been phenomenal, surpassing our expectations – naturally, we are now adding to it to grant even more families the many benefits of this ideally located, well-connected, and carefully designed landmark community.”
“Riviera appeals to families from all nationalities and walks of life – we look forward to enriching their lifestyles and remain steadfast in our commitment to catalyse the vision and development of this great emirate, one that continues to show its true merits as one of the safest, most liveable, innovative and forward-looking cities in the world”, he added.
Azizi’s Riviera, a stylish waterfront-lifestyle destination located in the heart of MBR City, will comprise approximately 16,000 residences that are 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.
The homes offer spectacular views of the city’s skyline and ensure generous space, spread across three districts: an extensive retail boulevard, a canal walk with artisan eateries and boutiques, and Les Jardins — a lush-green social space. Moreover, the complete community will feature a cycling and jogging path throughout, set in green landscaping, several beautifully made water features, and stunning lighting that will light up all of Riviera at night.
About Azizi Developments:
Azizi Developments is a leading developer based in Dubai, UAE. With 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 between 2020 and 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.
