Real estate developer says all of phase one and 50% of phase two of Azizi Riviera project was sold out
UAE-based Azizi Developments on Thursday announced that it has recorded sales of AED1.3 billion ($350 million) over the Cityscape Global 2017 event in Dubai.
The developer said that on day one of Cityscape alone, the entire phase one and 50 percent of the inventory of phase two of the AED12bn waterfront project Azizi Riviera was sold out.
Inspired by the French Riviera, Azizi Riviera is collectively made up of 69 mid-rise residential buildings of 13,000 units of studio, one-bedroom and two-bedroom apartments, a mega integrated retail district and a four and a five-star hotel.
Located in the Meydan One district, the project started construction in July with the completion of phase one and two scheduled for the second half of 2018.
Azizi Developments said it also witnessed successful sales across a number of its other projects at Cityscape 2017, including Farhad Azizi Residences in Dubai Healthcare City, Azizi Mina serviced apartments on The Palm Jumeirah and residential developments at Al Furjan.
The total value of all its projects showcased at Cityscape 2017 amounted to about AED20 billion.
Farhad Azizi, CEO of Azizi Developments, said: “Cityscape 2017 proved to be an excellent platform for us and we are delighted with our performance at the exhibition. The fact that we were one of the busiest stands shows the insatiable appetite of buyers and investors for quality real estate projects which we are committed to deliver.”