Leading private real estate developer in the UAE Azizi Developments has announced that construction of Phases Three and Four of the Dh12-billion ($3.26 billion) canal development, Azizi Riviera, will begin later this month.
Located in Meydan One, Azizi Riviera features 69 mid-rise residential buildings comprising studio, one-, two- and three-bedroom apartments, a mega integrated retail district, and two hotels.
According to Azizi, construction of Phases One and Two began in July last year and is due for completion early next year. Azizi plans to work round-the-clock in order to complete the third and fourth phases to within the third quarter of 2019. Once completed, the project will boast 16,000 apartments.
Mirwais Azizi, the chairman of Azizi Group, said: “The project’s accelerating progress represents the vision of the company to transform the cityscape of Dubai through rapid development.”
“By introducing the long-awaited Azizi Riviera into the market, we aim to continue to enhance the community lifestyle offering of Dubai through our own style of combining mixed-use assets like residential, hotels, F&B (food and beverages) and other retail developments,” he added.
Inspired by the French Riviera waterfront lifestyle, Azizi Riviera also includes contemporary features and a premium community lifestyle. Furthermore, it is located within proximity to Dubai’s business hub, Meydan One Mall, and the Meydan Racecourse. The development also boasts a street museum and a mega-integrated retail district with high-street brands, restaurants, and entertainment venues. In addition to paved walkways, water transport, yachting facilities, and a marina.