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- Phenomenal customer response for homes in Riviera, with studios starting at AED 505,000, 1-bedrooms at AED 730,000, 2-bedrooms at AED 1,069,000 and 3-bedrooms at AED 1,214,000
Dubai: 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 comprises 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 completed in 2020. Phase 1 has a total 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 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.”
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 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
Azizi Developments 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.
For more details about Azizi Developments’ projects, visit www.azizidevelopments.com or call 800-AZIZI.
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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 54 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.
For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations and Communications
M: +971 55 867 3606
Email: tizian.raab@azizidevelopments.com
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