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UAE-based Azizi Developments has reached a new milestone in the construction of Riviera, a French Mediterranean-style waterfront community in the heart of MBR, the business, leisure and retail hub of Dubai.
Azizi presented the project update, with the overall construction completion rate of the first phase being 98%, while the completion rates of the second, third and fourth phases were 90%, 65% and 21% respectively.
It added that the expected completion date is between the third quarter of 2022 and the fourth quarter of 2024.
Riviera is a trendy waterfront lifestyle destination with plans to include 71 mid-rise buildings and approximately 16,000 residences.
CEO Farhad Azizi said: “It has been very rewarding to see our hard work in ensuring the speed and quality of construction pay off. By carefully selecting our contractors and supply By purchasing building materials directly from the manufacturer, we were able to significantly speed up construction while raising our quality standards to even greater heights.”
“Just completing several buildings in Phase 1 and launching Rêve, Phase 4 of the Riviera, our master-planned waterfront community is fast becoming a reality – one that will improve and shape the lives of future generations,” he added. Say.
Azizi recently launched the 24-building ultra-luxury building Rêve in its Riviera project and delivered seven buildings in the first phase of the Riviera, as well as the 634-unit Creek Views I project in Dubai Medical City, valued at AED300 million.
Developers are now gearing up for the remaining deliveries in 2022, with a total of 8,895 deliveries across 42 projects.-TradeArabia News Service
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