Azizi reports 'steady progress' on Dubai's $3.2bn Azizi Riviera

Azizi reports 'steady progress' on Dubai's $3.2bn Azizi Riviera
Phase 2 of Azizi Riviera is under construction in Dubai.
Published: 17 July 2018 - 12:24 a.m.
By: Oscar Rousseau

"Steady progress" is being made on the construction site of Azizi Developments' flagship waterfront project in Dubai, Azizi Riviera.

All four phases of the $3.2bn (AED12bn) mixed-use residential community located in Dubai's Meydan One master development remain on track, the developer said. 

The majority of buildings in Phases 1 and 2 – which KSS Engineering and Construction, and Zahrat Al Safa Contracting are working on – have reached the ground floor. Superstructure work is now in motion. 

Basement building has begun for Phase 3, with foundation engineering said to be "progressing rapidly". Prestige Constructions is tasked with erecting 13 mid–rise towers for Phase 3, after signing a $259m (AED952m) construction contract with Azizi Developments in March. It started work at Azizi Riviera on 1 April, 2018.  

Construction contracts for Phase 4 have also been awarded. Emirati firms Majed Hilal Contracting will build 11 mid-rise towers in a $155.7m (AED572m) deal, while Evershine Contracting signed a $152m (AED559m) contract to build 10 mid-rise towers.

Of the aforementioned contractors engaged on Azizi Riviera, only Kazakhstan's KSS Engineering and Construction is not a UAE-based builder.

"We are proud to confirm that [Azizi Riviera] is progressing steadily according to schedule," chairman of Azizi Developments, Mirwais Azizi, said. "With this project in particular, we aim to transform the real estate landscape in Dubai.”

In addition to the 16,000 residential units, Azizi Riviera includes retail and leisure components. Based on the banks of the Dubai Canal, the development includes a retail district, one four- and one five-star hotel, yachting facilities, and a proposed marina.

A handover for Phases 1 and 2 will take place in Q1 2019. Providing the project remains delay-free, the remaining two phases could be delivered later in the same year.

 

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