UAE-based property developer, Azizi Developments, said 85% of the foundations at Azizi Riviera, valued at $3.2bn (AED12bn), had been completed, and base-works had started for the project.
Azizi Riviera, which according to the developer is being built with inspiration from the French Riviera, will have 69 mid-rise residential buildings with 16,000 apartments, as well as a ‘mega-mall’ and luxury hotels. The development’s architecture will resemble the waterfront lifestyle in the South of France.
Commenting on the project’s development, Mirwais Azizi, chairman of Azizi Group, said, “We are pleased to announce that the basement works for one of our most ambitious projects are underway, and the first two phases of the development will soon be above ground level.
Azizi Riviera will feature an integrated retail distraction comprising high street shops, leisure, entertainment, and dining options. It will also have a space for yachts to dock and water transport facilitates.
The development will be located on the banks of the Dubai Canal. It is the first in a series of projects Azizi hopes to build in the Meydan One development, following a strategic partnership it struck with Meydan Group in 2017.