Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, has announced that following the success of Phase one and two sales of the its AED12billion waterfront project – Azizi Riviera – at Cityscape Global 2017, it will announce two new mega developments at Meydan One in the last quarter of this year.
The mega projects will be four times the size and value of its most ambitious development to date, the Azizi Riviera, located in the prestigious Meydan One district.
Inspired by the French Riviera, Azizi Riviera is collectively made up of 69 mid-rise residential buildings of 13,000 units of studio, one-bedroom and two-bedroom apartments, a mega integrated retail district and a four and a five-star hotel. The project commenced construction in July this year with the completion of phase one and two scheduled for the second half of 2018.
Cityscape Global 2017 has been the most successful edition of the event for Azizi Developments so far. On September 11, the first day of Cityscape, the developer announced that Phase one of the waterfront project and 50 per cent of inventory of Phase two were sold out at the event.
Farhad Azizi, CEO of Azizi Developments, said: “The success we have seen at the Cityscape Global 2017 is unprecedented and we are extremely proud of our performance at the exhibition. Azizi Developments is committed to contributing to the development of the city of Dubai and meeting His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for the emirate by delivering world class unique community lifestyle projects to buyers and investors.”
In addition to Azizi Riviera, Azizi Developments is also showcasing a number of its other projects at Cityscape during September 11-13, including Farhad Azizi Residences in Dubai Healthcare City, Azizi Mina serviced apartments on The Palm Jumeirah and residential developments at Al Furjan. The total value of all projects that is being showcased at Cityscape 2017 amounts to approximately AED20billion.