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 will direct and model the interior space for the Riviera Megaproject that is located in the city of Mohammed Bin Rashid.
The Riviera project is set to represent a new landmark destination that is both for commercial and residential use. It will feature a 2.7-kilometre-long crystal lagoon that is swimmable and covers an area of well about 130, 026 square meters. The lagoon is said to stretch across the entire community and will be filled with well over 51.5 million gallons of clean and desalinated water that residents can swim in. The lagoon will be linked to a lagoon walk, to make it as easily accessible as can be.
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 eateries. Important to observe is that the Riviera Megaproject is strategically right next to the upcoming Meydan One Mall as well as the Meydan Racecourse. The racecourse is set to be home to the Dubai World Cup and its proximity to these two significant upcoming buildings proves just how grandeur of an experience visitors and residents will gain once it is officially launched.
CEO of Azizi Developments, Frahad Azizi stated that the company was more than thrilled in announcing its partnership with Nerkal Interior. He further added that the firm would be able to provide its customers with a luxurious and unparalleled experience.
Infrastructure construction works at MBR city in Dubai, UAE in good progress
Infrastructure construction works at the Mohammed bin Rashid City (MBR) in Dubai, United Arab Emirates (UAE), home to Azizi’s Riviera are in good progress. The infrastructure developments comprise road sidewalks, drainage, and water systems, backfilling, substantiation, and more.
According to Mohamed Ragheb, Executive Director – Engineering Division at Azizi Developments, the company is excited to see the infrastructure works progressing at such a rapid pace, with Riviera, the company’s flagship master-planned community, visibly coming to life.
“This milestone signifies a turning point: the project is manifestly evolving into a functioning, well-designed and liveable city comprising vast numbers of homes, retail units, and recreational facilities, instilling a true sense of accomplishment and pride in all of us,” he said.
Recently, Property Monitor reported that in 2019, MBR City had experienced the highest sales volume of residential apartments in Dubai, with 3,361 units sold, surpassing all other major areas and making it the most sought-after residential destination in the city.
Riviera, a stylish waterfront-lifestyle destination located in the heart of MBR City, is planned to comprise 71 mid-rise buildings with approximately 16,000 residences that are conveniently located in the midst of all the business, leisure, and retail hubs of the city. Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark.
The homes offer spectacular views of the city’s skyline and ensure generous space, spread across three districts: an extensive retail boulevard, a canal walk with artisan eateries and boutiques, and Les Jardins — a lush-green social space.
The first phase of Riviera comprises 3,589 residences across 18 towers, consisting of 2,461 studios, 935 one-bedroom, 111 two-bedroom, and 82 three-bedroom units, most of which are projected to be completed in 2020. Phase 1 has a total built-up area of 375,541 sq. m and a total gross floor area of 180,854 sqm.
Azizi to invest over US $952.8m to develop buildings in Riviera Phase 3 and 4
Azizi Developments, a leading private developer in the UAE, announced its plans to invest over US $952.8m in the next 2-3 years to develop 14 and 22 buildings in Riviera Phase 3 and 4 respectively, 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 it having sold over 80% of its current ongoing projects and inventory, and demand is projected to surge, especially in MBR City, DHCC, and Al Furjan – the three most sought-after residential destinations in all of the UAE.
The construction of the Al Furjan and Dubai Healthcare City projects, which will feature around 645 and 973 units respectively, Riviera’s Phase 3, comprising approximately 3,700 units, Phase 4, with around 5,400 units, and the 423 Avenue units, will commence between August and December of this year.
Catalyzing the emirate’s vision and development
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 across these up-and-coming locations is nearly sold out, which is why Azizi is now planning further developments accordingly. The new communities will be unique in the lifestyles they grant residents – they are a new type of product, and we will be reaching out to new markets with them.
“The funds will be spread out across several years, with more than 11,000 homes being developed. We are confident that this investment in Dubai, the most promising, forward-thinking, and growth-inclined city in the world, is well placed, and 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, such as concrete, steel, and aluminum, locally. It will also continue to build its engineering team and construction methods, making the developer less contractor-dependent and taking efficiency and reliability to new heights.
Agreement between Azizi Developments and Daikin for the supply of high-end cooling equipment for Phase 3 of Azizi Riviera to be extended
A private developer in the UAE, Azizi Developments, has decided to extend its agreement with Daikin for the supplying of high-end cooling equipment for Phase 3 of Azizi Riviera in the Mohammed Bin Rashid (MBR) City, one of the biggest mixed-use developments and freehold areas in Dubai
Daikin is a well-known innovator and worldwide partner provider of high-quality and advanced heating and air conditioning solutions. They will provide the project with HVAC systems comprised of their air-cooled chills, fresh air handling units, and fan coil units.
CEO of Aziz Developments, Mr Farhad Azizi, expressed the company’s confidence in Daikin as a “highly proficient partner” that the company has worked with on numerous projects before. He explained that Azizi Developments have every reason to feel confident that Daikin is the absolute best fit for Phase 3 of Riviera.
Overview of Azizi Riviera
Azizi Riviera is best described as a stylish waterfront-lifestyle destination that is located in the heart of Mohammed Bin Rashid City, a planned mixed-use development in Dubai, the United Arab Emirates which is also known as MBR City. The location is a convenient pinpoint that is in the midst of various leisure, business, and retail hubs of the city.
The project is designed to act as an introduction to the french-Mediterranean lifestyle of Dubai. Riviera is described to represent a new landmark destination that is simultaneously commercial as well as residential with an abundant area of retail space.
Riviera currently features three districts which include a lagoon walk with artisan eateries and boutiques, an extensive retail boulevard, and a vast, lush green garden social space – Les Jardins.
Azizi Developments is not done, however, as they recently announced an addition of a 2.7-kilometre crystal lagoon to Phase 3 of the Azizi Riviera project. The crystal lagoon is confirmed to cover an area of over 130,026 m2 that will be stretched all through and across the entirety and vastness of the community.
Dubai Waterfront in Mohammed Bin Rashid (MBR) City over 60% complete
Leading real estate developer in the UAE, Sobha Realty has announced that the 200-acre Dubai Waterfront Development that is being carried out in Mohammed Bin Rashid (MBR) City is 60% complete.
The development, categorized as a mixed-use project that boasts a total number of 22 hectares of greenery, the equivalent of 30% of the whole project, is set to feature a residential component that includes one-bedroom, two-bedroom, and three-bedroom apartments.
It will also have four-bedroom, five-bedroom, and six-bedroom villas as well as amenities such as tennis courts, gyms, swimming pools, playgrounds, parks, and swimming pools.
Sobha Realty ambition
While announcing the project’s progress, Sobha Realty expressed its ambition to continue succeeding throughout the year as well as launching just yet another mega-development that will be near the Sobha Heartland in the third quarter of the year. As a major player in the region, the company pledged its consistency in displaying strength and resilience when it comes to creating communities that uplift the quality of life for its residents.
The company also revealed that to take overwhelming responses from both resident and foreign investors for its luxury properties, they would increase their sales target for the year to $1.6 billion; a 50% increase from the previous year.