September 2020

Azizi Developments commences construction  at AED 2bn Riviera Phase 3 expansion in MBR City

Azizi Developments commences construction

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. 

About Azizi Developments

Azizi Developments is a leading developer based in Dubai, UAE. With thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most sought-after residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in.

Azizi currently has approximately 100 ongoing projects that are to be delivered between 2020 and 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

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