Gulf Construction Online - Azizi’s Riviera first phase set for year-end finish

Real Estate

Riviera in MBR City.

Azizi’s Riviera first phase set for year-end finish

01 April 2020

UAE-based Azizi Developments says steady progress is being made on Riviera, its stylish waterfront-lifestyle destination located in the heart of Mohammed bin Rashid City (MBR) which, on completion, will boast 71 mid-rise buildings housing over 16,000 residences.

With windows installation and paint works in full swing, several buildings in the first phase of the four-phased master-planned community development are scheduled for completion by the year-end, says Azizi.

Phase One of Riviera is now 55 per cent complete and 95 per cent sold out, states the Emirati developer. This phase comprises 3,589 residences across 18 towers, consisting of 2,461 studios, 935 one-bedroom, 111 two-bedroom, and 82 three-bedroom units, most of which are projected to be completed in 2020. It boasts a total built-up area of 375,541 sq m and a total gross floor area of 180,854 sq m.

Designed to introduce the French-Mediterranean lifestyle to Dubai, Riviera represents a new landmark, it adds.

Meanwhile, At The Palm Jumeirah, Azizi Developments says it has recorded 80 per cent pre-sales of residential units at Mina, a 178-unit residential development.

Spanning across nearly 38,500 sq m of built-up area, Mina comprises 120 one-bedroom apartments, 54 two-bedroom residences and four spacious, lavishly designed penthouses scheduled to be completed by Q2 2020. The project also features several retail units spread across 1,847 sq m, states the UAE developer.

According to Nima Khojasteh, the Executive Director (Sales and Marketing), Mina enjoys a high demand from both local residents and international investors who value the lifestyle it embodies.

He points out that over 69 per cent of the project’s area has been allocated for lifestyle-enhancing amenities.