At Riviera In MBR City Azizi Developments Marks Major Construction Milestone
Azizi Developments, a leading private developer in the UAE, is marking a main construction milestone at Riviera, with windows now being installed and paint works having begun. Several constructions in the first phase of the four-phased master-planned community development are scheduled to be finished in 2020.
Mohamed Ragheb, Executive Director Engineering Division at Azizi Developments, commented: Seeing windowpanes being hooked up and the exterior getting its paint coatings is a very touching moment for us all. It signifies a development site a concrete skeleton being obviously turned into lively homes. Seeing the Riviera project progressing so swiftly instills a complete feel of accomplishment and pride. We are very excited to complete numerous buildings of this sizable, excellent community by years end.
Recently, Property Monitor revealed that in 2019, MBR City has experienced the highest sales volume of residential apartments in Dubai, with 3,361 units having been sold, surpassing all other main areas and making it the most sought-after residential destination in the city.
Property Monitor additionally highlights that MBR City ranked 4th in the sales rate category for apartments, right after City Walk, Cultural Village Apartments and Downtown Burj Khalifa. The high residential costs in MBR City are a testament to its popularity, with demand and provide driving prices up. Azizi Developments world-class units in Riviera begin at AED 528,000.
Riviera, a fashionable waterfront-lifestyle destination placed in the heart of Mohammed bin Rashid City, will upon its completion include 71 mid-rise constructions with over 16,000 residences that are comfortably positioned in the midst of all the business and leisure hubs of the city. Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not only 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 residences provide mind-blowing views of the citys skyline and make sure beneficiant space, spread throughout three districts: An extensive retail boulevard, a canal walk with artisan eateries and boutiques, and Les Jardins a lush-green social space. Phase one of Riviera is now 55% complete and 95% sold out.
The first phase of Riviera comprises 3,589 residences throughout 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 finished in 2020. Phase 1 has a total built-up area of 375,541 sqm and a total gross floor area of 180,854 sqm.
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