Real Estate

Azizi Developments, a leading private developer in the UAE, has sold 95% of its residences in the first phase of Riviera, recording sales of over AED 2.138 billion.

The first phase of Riviera consists of 3,589 residences in 18 towers consisting of 2,461 studios, 935 one-bedroom, 111 two-bedroom, and 82 three-bedroom units, projected to be finished in 2020. Phase 1 has a complete built-up area of 375,541 sq m and a total gross floor area of 180,854 sq m.

Farhad Azizi, CEO of Azizi Developments, said: The extraordinary investor response to Riviera for its central and strategic location, notable array of facilities and convenient payment plans underlines its standing as one of the most sought-after residential places in the city. We have carried out extensive milestones in the improvement of this project and are properly on track for completion.

Riviera, a stylish waterfront-lifestyle location placed in the heart of Mohammed bin Rashid City, will upon its completion include 71 mid-rise buildings with over 16,000 residences that are effectively placed in the midst of all the business and amusement hubs of the city. Designed to introduce the French-Mediterranean life-style to Dubai, which is not simply about architectural art, however 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 citys skyline and make sure beneficent space, spread throughout three districts: An extensive retail boulevard, a canal walk with artisan eateries and boutiques, and Les Jardins a lush-green social area.

Azizi Developments has done a similar investor response in Al Furjan, another quite designed, up-and-coming residential destination with wonderful connectivity. Of its 22 projects in Al Furjan, 12 have sold out, with the rest selling out swiftly.

For more details about Azizi Developments projects, visit www.azizidevelopments.com or call 800-AZIZI.

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