Azizi to launch two big Dubai Water Canal projects

Azizi Developments, a leading UAE-based real estate company, is set to launch two new mega developments at the Meydan One project near Dubai Water Canal in the fourth quarter of this year. The announcement comes following the success of the Phase One and Two of its Dh12-billion ($3.27 billion) waterfront project - Azizi Riviera - which got sold out at Cityscape Global expo in Dubai. The mega projects will be four times the size and value of its most ambitious development to date, the Azizi Riviera, located in the prestigious Meydan One district. Inspired by the French Riviera, Azizi Riviera is collectively made up of 69 mid-rise residential buildings of 13,000 units of studio, one- and two-bedroom apartments, a mega integrated retail district and a four and a five-star hotel. The project commenced construction in July this year with the completion of Phase One and Two scheduled for the second half of 2018, said a senior official. Cityscape Global 2017 has been the most successful edition of the event for Azizi Developments so far as on the opening day itself, Phase One of the waterfront project and 50 per cent of inventory of Phase Two were sold out. "The success we have seen at the Cityscape Global is unprecedented and we are extremely proud of our performance at the exhibition," remarked its CEO Farhad Azizi. "We are committed to contributing to the development of the city of Dubai and meeting His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision for the emirate by delivering world class unique community lifestyle projects to buyers and investors," he stated. In addition to Azizi Riviera, the developer also unveiled a number of its other projects at Cityscape including Farhad Azizi Residences in Dubai Healthcare City, Azizi Mina serviced apartments on The Palm Jumeirah and residential developments at Al Furjan,