Dubai, United Arab Emirates: Azizi Developments, one of the leading private developers in the UAE, has announced a construction milestone for its flagship waterfront community project in Meydan One, Azizi Riviera.
Comprising of 16,000 units, the AED 12 billion project has crossed the 20 percent completion status. Ground floor works are completed across the mid-rise buildings that comprise of seven to ten floors. With first floor construction ongoing, and second and third floors expected to commence construction in August, Azizi Riviera is progressing towards timely completion.
Mirwais Azizi, Chairman of Azizi Group, said: “Azizi Riviera continues to be one of the most unique waterfront residential developments in Dubai. It stands to offer residents and investors high ROI via an appreciation in property value in the buildup to Expo 2020 and beyond. It features a stunning French-Mediterranean approach to design, plenty of amenities, a community-oriented lifestyle and views of the Dubai Canal and Dubai skyline.”
Azizi Riviera, launched in July 2017, is the flagship community project of Azizi Developments. The architecture, while drawing inspiration from the French Riviera lifestyle, will also contain versatile, contemporary elements. Outdoor recreation and proximity to the business hub of Dubai and other leading attractions, including the future Meydan One Mall and the Meydan Racecourse, home of the Dubai World Cup – the world’s richest horse day, further contribute to making Azizi Riviera a sound return on investment.
A key feature of the Azizi Riviera development is a mega integrated retail district, which will consist of high-street bridge brands, leisure and entertainment options. The development, on the banks of the Dubai Canal, will also offer access to long paved pedestrian paths and water transport, yachting facilities and a proposed marina, among other attractions.
About Azizi Developments:
Azizi Developments is the real estate investment arm of Azizi Group. Established in 2007, the company’s diverse experience in the property market has enabled it to expand to include a portfolio worth over AED45billion in the emirate, with more than 200 projects under various stages of development.
Azizi Developments was awarded ‘Developer of the Year’ at the Construction Innovation Awards for two consecutive years in 2016 and 2017. The company has also been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.