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Dubai, UAE; July 6, 2017: Azizi Developments, a fast growing real estate developer operating in the UAE for over a decade, announced today that construction has begun on Azizi Riviera, an urban community inspired by the vibrant French Riviera.
The ground breaking ceremony took place in the presence of Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group, and Mirwais Azizi, Chairman of Azizi Developments.
“Meydan is committed to enabling Dubai become a world class city by developing integrated communities in strategic locations across the city. As one of the most ambitious real estate projects in the UAE, our strategic partnership with Azizi aims to deliver high-end living spaces such as Azizi Riviera to meet existing market demands. The real estate market in the UAE and Dubai in particular is seeing growing interest from international investors and we remain confident of the dynamism of the sector and its long term prospects,” said Saeed Humaid Al Tayer, Chairman and CEO of the Meydan Group.
The AED12 billion waterfront development that is situated on the banks of the Dubai Canal is being developed by KCC Engineering and Construction Ltd. and Actco General Constructing Co LLC.
Situated in the prestigious Mohammed Bin Rashid Al Maktoum City Meydan One project, Azizi Riviera comprises 69 mid-rise residential buildings of 13,000 units of one-bedroom, two-bedroom and studio apartments, a mega integrated retail district and a four and a five-star hotel.
The architecture, while drawing inspiration from the French Riviera waterfront lifestyle, will also contain versatile, contemporary elements. Outdoor recreation and proximity to the business hub of Dubai and other leading attractions, including the Meydan One Mall and the Meydan Racecourse, home of the Dubai World Cup, the world’s richest horse race meeting, further contribute to making it an enviable option for buyers.
“The start of the construction of the Azizi Riviera project is a landmark milestone for Azizi Developments, marking our foray into creating urban living spaces which will revolutionise the meaning of community living in Dubai,” said Farhad Azizi, CEO, Azizi Developments. “The design, architecture and scale of the project reflect our commitment to creating new quality living spaces in strategic locations across Dubai that especially appeals to local market tastes.
“With a multitude of possibilities from the highly anticipated EXPO 2020 and Vision 2021, we are confident that Azizi Riviera will prove to be a prized investment opportunity for years to come.” Farhad added.
A key feature of the new development is a mega integrated retail district which will consist of high street bridge brands, leisure and entertainment options. The overall development will also offer access to long paved pedestrian paths and water transport, yachting facilities and a proposed marina, among others.
Azizi Riviera represents the first in a series of urban neighborhood projects that Azizi Developments is planning to develop in the Meydan One mega-development, following the strategic partnership with Meydan Group announced earlier this year. The project was conceptualised realising the potential of community living and its capability to drive the resurgence of the Dubai property market.
Once completed in December 2018 (phase I & II), Azizi Riviera project will provide enviable views of the world’s tallest tower, Downtown Dubai, Meydan Hotel and the Racecourse, and the Dubai Creek, among others.
