21 Jumada II 1446 - 22 December 2024
    
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Eye of Riyadh
Business & Money | Friday 8 November, 2024 10:40 am |
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Azizi Developments sells 70% of fourth phase of Riviera, MBR City

 Azizi Developments, a leading private developer in the UAE, has announced that the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most important business, leisure, and retail hubs, is now over 70% sold out. 

 

Among the 72 nationalities that have purchased units so far, buyers from the United Arab Emirates represent the largest demographic at 25%. They are followed by investors from several Western and European countries, including the USA, UK, Australia, and Germany, which make up a combined 35%, as well as various GCC and Middle Eastern nations, including Saudi Arabia, at 10%. 

 

Tizian H. G. Raab, Head of Public Relations and Communications at Azizi Developments, said: “The fourth phase of Riviera in the prestigious MBR City continues to receive monumental interest, exciting all of us at Azizi Developments. This robust demand is a testament not only to the popularity of MBR City, with it being one of the most exclusive and highly sought-after residential destinations in the emirate, but especially to the countless merits of Riviera – from its design and construction quality, all the way to the unparalleled lifestyle it grants residents and visitors through its numerous leisure and entertainment options. With construction progressing swiftly, we are now looking forward to the fourth phase of Riviera becoming the vibrant community that it is designed and built to be.”

 

Riviera is part of Azizi Developments’ award-winning portfolio. It is a stylish lifestyle destination comprising 75 mid- and high-rise buildings with approximately 16,000 residences. 

 

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 destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space. 

 

Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.

 

-ENDS-

 

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