Azizi Developments has sold 95 percent of its residences, worth $582 million, in the first phase of its Riviera development in Dubai.
According to a statement from the company, Phase One of Riviera, which includes 3,589 residences in 18 towers consisting of 2,461 studios, 935 one-, 111 two- and 82 three-bedroom units, is scheduled to complete this year.
Located in Mohammed bin Rashid City, the entire development, when fully complete, will boast 71 mid-rise buildings with over 16,000 residences.
The project features three districts – an extensive retail boulevard, a canal walk with artisan eateries and boutiques, and Les Jardins — a lush-green social space.
CEO Farhad Azizi, said: “The phenomenal investor response to Riviera for its central and strategic location, remarkable array of amenities and convenient payment plans underlines its standing as one of the most sought-after residential destinations in the city. We have achieved significant milestones in the development of this project and are well on track for completion.”
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