UAE-based Azizi Developments has appointed a contractor to start construction of phase 4 of Azizi Riviera, its flagship project in Meydan One, Dubai.
The developer said in a statement that construction is expected to commence in July, adding that Evershine Contracting has been appointed in a deal worth AED559 million ($152.1 million).
Under the deal, Evershine will construct 10 buildings that will make up half of phase 4 of Azizi Riviera, it added.
Azizi Riviera will have a total of 69 mid-rise buildings, comprising 16,000 units of studio, one-bedroom, and two-bedroom apartments.
Mirwais Azizi, chairman of Azizi Group, said: “There is high demand for community-oriented real estate projects in Dubai. This is why we are progressing quickly with Azizi Riviera, one of our most ambitious projects to date. We have already received tremendous response from customers looking to buy off-plan, and the project has made a mark in the real estate market in Dubai.”
Azizi Riviera is the flagship project of Azizi Developments and the architecture will draw inspiration from the French Riviera lifestyle.
A key feature of the Azizi Riviera development is an integrated retail district which will consist of high street bridge brands, leisure and entertainment options.
The development, on the banks of the Dubai Canal, will also offer access to long paved pedestrian paths and water transport, yachting facilities and a proposed marina, among other attractions.
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