Dubai: Azizi Developments awards AED572mn deal for Azizi Riviera Phase 4 buildings
UAE-based developer, Azizi Developments, has appointed Majed Hilal Contracting to commence development of Phase 4 for its flagship project in Meydan One, Azizi Riviera, with construction expected to commence by the end of July 2018.
The contractor has been appointed for a value of AED572mn to construct 11 canal-side buildings that will make up over half of all developments in Phase 4 of Azizi Riviera. Azizi Riviera Phase 4 boasts a total of 4,753 units consisting of 3,141 studios, 1,261 one-bedroom, 267 two-bedroom, and 84 three-bedroom apartments.
Mirwais Azizi, chairman of Azizi Group, said: “As a construction-driven developer, we continue to progress quickly with Azizi Riviera, one of our most ambitious projects to date. We recognise a growing interest in Dubai’s real estate market – and particularly in buying off-plan – and aim to match that with our hallmarks of timely delivery, superior quality, and value for money.”
Azizi Riviera is the flagship project of Azizi Developments and the architecture, while drawing inspiration from the French Riviera lifestyle, will also contain versatile, contemporary elements. Outdoor recreation and proximity to the business hub of Dubai and other leading attractions, including the Meydan One Mall and the Meydan Racecourse, further contribute to making Azizi Riviera a sound return on investment.
A key feature of the Azizi Riviera development is a mega integrated retail district which will consist of high-street bridge brands, leisure and entertainment options. The development, on the banks of the Dubai Canal, will also offer access to long paved pedestrian paths and water transport, yachting facilities and a proposed marina, among other attractions.