At Riviera, A Dubai Developer Debuts 24 Luxury Structures
Following the completion of the Creek Views 1 development in Dubai Healthcare City. Azizi Developments conducted two subsequent handovers and launches. The project expands the DHCC stock by adding 634 housing units and 33,341 sq. ft. of retail space. The fourth and most upscale phase of Azizi’s Riviera community in MBR City, Riviera Rêve. That was simultaneously announced as having begun construction. Azizi Riviera Rêve will consist of 24 buildings and 5,061 residences, including opulent duplex penthouses. The release occurs as Dubai’s real estate market sees an increase in off-plan launches and demand is thought to be sustainable.
The launch of Riviera Rêve Dubai is appropriate, according to CEO Farhad Azizi, given that the first handovers in Phase 1 (of Riviera) have already occurred and the noticeable influx of high- & ultra-high-net-worth individuals to Dubai. “Dubai has made significant advancements as a wealth hub. By the end of 2022, the emirate will have attracted the greatest number of UHNWIs internationally, making it one of the biggest metropolises ever recorded. The Riviera’s first phase 1 handovers resulted in 1,164 units being transferred to owners.