Developer Azizi Developments has announced it is making “fast progress” in the construction of Riviera, its flagship $3.2 billion project in Dubai.
Phase one of the French Mediterranean-inspired waterfront community located in the heart of Mohammed Bin Rashid City has now reached 95 percent completion, while phases 2, 3 and 4 are at 80 percent, 50 percent and 20 percent respectively, the company said in a statement.
Farhad Azizi, CEO of Azizi Developments, said: “With the population of Dubai expected to double in the next 20 years, the demand for new residential communities is surging.
“We are proud that Riviera, our world-class community in one of the best, most strategically located and growth-inclined parts of the city, is making such rapid progress.”
He said Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space.
It features three districts – an extensive retail boulevard, a lagoon walk with artisan eateries and boutiques, and Les Jardins, a vast, lush-green social space.
Farhad Azizi, CEO of Azizi Developments.
Recently, Azizi Developments announced the 2.7km-long swimmable crystal lagoon will be completed much sooner than expected, covering an area of over 130,026 square metres that will stretch across the entirety of the community.
Azizi said it currently has approximately 100 ongoing projects that are to be delivered by 2023, and an additional 100+ projects in planning, worth several billion dollars, that are projected to be delivered between 2023 and 2025.
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