Gulf Construction Online - $156m deal awarded for Azizi Riviera

UAE Focus

Azizi Riviera ... Majed Hilal to develop Phase Four.

$156m deal awarded for Azizi Riviera

01 August 2018

Azizi Developments has awarded a Dh572-million ($156 million) deal to Majed Hilal Contracting for the development of Phase Four of Azizi Riviera, its flagship project in Dubai’s Meydan One district.

As per the deal, Majed Hilal Contracting will be responsible for constructing 11 canal-side buildings that will make up over half of all developments in Phase Four of Azizi Riviera, whose architecture draws inspiration from the French Riviera lifestyle while also containing versatile, contemporary elements.

Under this key phase, a total of 4,753 units consisting of 3,141 studios, 1,261 one-, 267 two-, and 84 three-bedroom apartments, will be built. The construction work was scheduled to begin by the end of last month (July).

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, said the developer.

On the new contract, chairman Mirwais Azizi said: “As a construction-driven developer, we continue to progress quickly with Azizi Riviera, one of our most ambitious projects to date. We recognise a growing interest in Dubai’s real estate market – and particularly in buying off-plan – and aim to match that with our hallmarks of timely delivery, superior quality, and value for money,” he added.

Azizi said the development, located 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.