Dubai-based private real estate developer Azizi Developments has signed an agreement with Nerkal Interior for the Riviera megaproject. According to the agreement, Nerkal Interior direct and model the interior space of the Riviera megaproject located in the city of Mohammed Bin Rashid.
The Riviera project is intended to represent a new flagship destination, both commercial and residential. It will feature a crystal clear lagoon 2.7 kilometers long, swimmable and covering an area of approximately 130,026 square meters. The lagoon is said to span the entire community and will be filled with over 51.5 million gallons of clean, desalinated water for residents to swim in. The lagoon will be connected to a lagoon promenade, to make it as easily accessible as possible. .
A statement from Nerkal Interior confirmed that the project will also feature an abundance of retail space as well as various boutiques and a variety of artisan restaurants. It is important to observe that the Riviera Megaproject is strategically right next to the upcoming Meydan One shopping mall as well as the Meydan Racecourse. The racecourse is set to host the Dubai World Cup and its proximity to these two important upcoming buildings proves how much visitors and residents alike will gain once it officially launches.
CEO of Azizi Developments, Frahad Azizi said the company is more than happy to announce its partnership with Nerkal Interior. He further added that the company would be able to provide its customers with a luxurious and unparalleled experience.
Infrastructure construction work in the MBR city of Dubai, UAE is progressing well
Infrastructure construction works at Mohammed bin Rashid City (MBR) in Dubai, United Arab Emirates (UAE), home to the Azizi Riviera, are progressing well. Infrastructure developments include road sidewalks, drainage and water systems, infilling, substantiation, etc.
According to Mohamed Ragheb, Executive Director – Engineering Division at Azizi Developments, the company is delighted to see infrastructure works progressing at such a rapid pace, with Riviera, the company’s flagship community, visibly coming to life.
“This milestone marks a turning point: the project is clearly moving towards a functional, well-designed and livable city comprising a large number of homes, retail units and leisure facilities, instilling a real sense of accomplishment and pride in all of us,” he said.
Recently, Property Monitor reported that in 2019, MBR City had the highest residential apartment sales volume in Dubai, with 3,361 units sold, surpassing all other major neighborhoods and making it the most desirable residential destination. from the city.
Riviera, an elegant waterfront destination located in the heart of MBR City, is expected to comprise 71 mid-rise buildings with approximately 16,000 residences ideally located in the middle of all the city’s business, entertainment and shopping centers . Designed to introduce the Franco-Mediterranean lifestyle to Dubai, which is not only about architectural art but also a certain “joie de vivre” – a celebration of life, an exultation of the spirit, Riviera represents a new landmark.
The houses offer spectacular views over the city skyline and guarantee generous space, spread over three neighborhoods: an expansive commercial boulevard, a canal promenade with restaurants and artisan shops, and Les Jardins – a leafy social space.
The first phase of Riviera comprises 3,589 residences in 18 towers, consisting of 2,461 studios, 935 one-bedroom units, 111 two-bedroom units and 82 three-bedroom units, most of which are expected to be completed in 2020. Phase 1 has a total built area of 375,541 m² and a total gross floor area of 180,854 m².
Azizi will invest more than US$952.8 million to develop buildings in Riviera Phases 3 and 4
Azizi Developments, one of the leading private developers in the UAE, has announced plans to invest over US$952.8 million over the next 2-3 years to develop 14 and 22 buildings respectively in Phase 3 and 4 de Riviera, its three Avenue buildings in MBR City, two projects in Dubai Healthcare City and four projects in Al Furjan.
This announcement comes in light of the fact that it has sold over 80% of its projects and pending inventory, and demand is expected to increase, particularly in MBR City, DHCC and Al Furjan – the three highest residential destinations. wanted in all of the UNITED ARAB EMIRATES.
The construction of the Al Furjan and Dubai Healthcare City projects, which will comprise approximately 645 and 973 units respectively, Riviera Phase 3, comprising approximately 3,700 units, Phase 4, comprising approximately 5,400 units, and the 423 Avenue units, will begin between August and December of this year.
Catalyze the vision and development of the emirate
According to the CEO of Azizi Developments, Mr. Farhad Azizi, the launches are based on demand, which has been exceptional in MBR City, Dubai Healthcare City and Al Furjan. The current stock of these promising locations is almost exhausted, which is why Azizi is now planning new developments accordingly. The new settlements will be unique in the lifestyles they grant residents – they are a new type of product, and we will reach new markets with them.
“The funds will be spread over several years, with more than 11,000 homes under development. We are confident that this investment in Dubai, the most promising, forward-thinking and growth-prone city in the world, is well placed, and we look forward to further catalyzing the emirate’s vision and development. “, he added.
For the construction of the 45 buildings, Azizi will minimize vertical supplier structures by sourcing materials locally, such as concrete, steel and aluminum. It will also continue to strengthen its engineering team and construction methods, which will make the developer less dependent on the contractor and take efficiency and reliability to new heights.
The agreement between Azizi Developments and Daikin for the supply of high-end cooling equipment for phase 3 of Azizi Riviera will be extended
A private developer in the UAE, Azizi Developmentsdecided to extend its agreement with Daikin for the supply of high-end cooling equipment for Azizi Riviera Phase 3 in the city of Mohammed Bin Rashid (MBR), one of the largest mixed-use developments and areas dubai franks
Daikin is a well-known innovator and global supplier partner of advanced, high quality heating and air conditioning solutions. They will provide the project with HVAC systems including their air-cooled chillers, fresh air handling units and fan coil units.
Aziz Developments CEO, Mr. Farhad Azizi, expressed the company’s confidence in Daikin as a “highly competent partner” with whom the company has already worked on many projects. He explained that Azizi Developments has every reason to be convinced that Daikin is the best solution for Phase 3 of Riviera.
Overview of Azizi Riviera
Azizi Riviera is best described as an elegant waterfront destination located in the heart of Mohammed Bin Rashid City, a mixed-use development project in Dubai, United Arab Emirates, also known as MBR City. The location is a convenient location that sits in the middle of the city’s various entertainment, business, and retail hubs.
The project is designed to serve as an introduction to the Franco-Mediterranean lifestyle of Dubai. The Riviera is described as representing a new historical destination both commercial and residential with an abundant area of commercial space.
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Riviera currently has three neighborhoods which include a lagoon boardwalk with restaurants and artisan shops, an expansive retail boulevard, and an expansive green garden social space – Les Jardins.
However, Azizi Developments is not done, as they recently announced the addition of a 2.7 kilometer crystal clear lagoon to phase 3 of the Azizi Riviera project. The crystal lagoon is confirmed to cover an area of over 130,026m2 which will stretch across and across the entirety and vastness of the community.
Dubai waterfront in the city of Mohammed Bin Rashid (MBR) is over 60% complete
The leading property developer in the United Arab Emirates, Sobha Realty has announced that the ongoing 200-acre Dubai waterfront development in the city of Mohammed Bin Rashid (MBR) is 60% complete.
The development, classified as a mixed-use project which features a total of 22 hectares of greenery, the equivalent of 30% of the entire project, should have a residential component comprising one bedroom, two bedroom and three bedroom apartments.
It will also include four, five and six bedroom villas as well as amenities such as tennis courts, gymnasiums, swimming pools, playgrounds, parks and swimming pools.
The ambition of Sobha Realty
While announcing the progress of the project, Sobha Realty expressed its ambition to continue to be successful throughout the year as well as launching another mega-development which will be near the Sobha Heartland in the third quarter of the year. As a major player in the region, the company is committed to demonstrating strength and resilience when it comes to building communities that improve the quality of life for its residents.
The company also revealed that to receive overwhelming responses from resident and foreign investors for its luxury properties, it would raise its sales target for the year to $1.6 billion; a 50% increase over the previous year.