Azizi Developments, a leading private developer in the UAE, is marking a major construction milestone at Riviera, with windows now being installed and paint works having begun. Several buildings in the first phase of the four-phased master-planned community development are scheduled to be completed in 2020.
Mohamed Ragheb, Executive Director – Engineering Division at Azizi Developments, commented: “Seeing windowpanes being installed and the exterior getting its paint coatings is a very touching moment for us all. It signifies a construction site – a concrete skeleton – being manifestly turned into liveable homes. Seeing the Riviera project progressing so swiftly instils a true sense of accomplishment and pride. We are very excited to finish several buildings of this sizable, remarkable community by year’s 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 major areas and making it the most sought-after residential destination in the city.
Property Monitor also highlights that MBR City ranked 4th in the sales price category for apartments, right after City Walk, Cultural Village Apartments and Downtown Burj Khalifa. The high residential prices in MBR City are a testament to its popularity, with demand and supply driving prices up. Azizi Developments’ world-class units in Riviera start at AED 528,000.
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. Phase one of Riviera is now 55% complete and 95% sold out.
The first phase of Riviera comprises 3,589 residences across 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 completed 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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