Azizi awards $163m Dubai waterfront project deal
May 18, 2018
UAE-based Azizi Developments has awarded a Dh559 million ($163 million) contract to Evershine Contracting to build 10 towers that will make up half of all developments in the fourth phase of its flagship waterfront project, Azizi Riviera, at Meydan One in Dubai.
The construction work is likely to start in July, said a statement from Azizi.
Azizi Riviera is the flagship project of Azizi Developments and the architecture, while drawing inspiration from the French Riviera lifestyle, will also contain versatile, contemporary elements, it stated.
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, further contribute to making Azizi Riviera a sound return on investment, the statement added.
Group Chairman Mirwais Azizi 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," he noted.
A key feature of the Azizi Riviera development is a mega 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.