Azizi Developments Commences Construction at Dh2 Billion Riviera Phase 3 Expansion in Mbr City

Press release
Published September 21st, 2020 - 11:56 GMT
Azizi Developments Commences Construction at Dh2 Billion Riviera Phase 3 Expansion in Mbr City
Riviera Phase 3 will now comprise 3,671 units, featuring around 994 studios, 2,142 one-bedroom, 508 two-bedroom and 27 three-bedroom homes.
Highlights
Azizi Developments has begun the construction of its expansion of Riviera Phase 3. Riviera, Azizi’s flagship master planned French Mediterranean-inspired lifestyle community situated in MBR City

Azizi Developments, a leading private developer in the UAE, has begun the construction of its expansion of Riviera Phase 3. Riviera, Azizi’s 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, is being expanded due to popular demand. Azizi’s third phase of Riviera will be built at a construction value of AED 1bn, and an overall value of AED 2bn.

Riviera Phase 3 will now comprise 3,671 units, featuring around 994 studios, 2,142 one-bedroom, 508 two-bedroom and 27 three-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.

Commenting on the Phase 3 expansion, Mr Mirwais Azizi, Founder and Chairman of Azizi Developments, said: “We are excited to expand the third phase of Riviera, our pride and joy in Dubai’s most sought-after residential destination. The investor response to the first two phases, as well as to the first buildings in the third phase, 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, is planned to 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.

Construction at Riviera is progressing swiftly, with the first phase now being over 60% complete, the second phase having reached over 37%, and the third phase already being over 22% constructed.

Background Information

Azizi Developments

Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.

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