Azizi Developments, a leading private developer in the UAE, has sold 95% of its residences in the Phase One of Riviera, its flagship residential destination in Dubai, thus recording sales of over Dh2.14 billion ($582 million).
The Phase One of Riviera comprises 3,589 residences in 18 towers consisting of 2,461 studios, 935 one-, 111 two- and 82 three-bedroom units, projected to be completed in 2020, said the statement from Azizi.
Riviera, a stylish waterfront-lifestyle destination located in the heart of Mohammed bin Rashid City, will upon its completion comprise 71 mid-rise buildings with over 16,000 residences that are conveniently located 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 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 citys 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, said the Emirati developer.
The Phase One has a total built-up area of 375,541 sq m and a total gross floor area of 180,854 sq m, it added.
CEO Farhad Azizi said: The phenomenal investor response to Riviera for its central and strategic location, remarkable array of amenities and convenient payment plans underlines its standing as one of the most sought-after residential destinations in the city. We have achieved significant milestones in the development of this project and are well on track for completion.
Azizi has achieved a similar investor response in Al Furjan, another exceptionally designed, up-and-coming residential destination with superb connectivity. Of its 22 projects in Al Furjan, 12 have sold out, with the rest selling out swiftly, he added.-TradeArabia News Service
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