Page 52 - Magazine October 2022

Property
Construction
Construction at Riviera in MBR has been accelerated
Azizi Developments, a leading private real estate the first phase, and having launched Rêve, the fourth
developer in the UAE, has reached new milestones in phase of Riviera, our master planned waterfront
the construction of Riviera, its French Mediterranean- community is rapidly becoming a reality – one that will
inspired waterfront community in the heart of enhance and shape lives for generations to come.”
Mohammed Bin Rashid City, in the midst of Dubai’s Azizi Developments recently launched Rêve, its
business, leisure and retail hubs. 24-building, ultra-luxury phase in its Riviera project,
Phase 1 has recorded a total construction completion and delivered 7 buildings in the first phase of Riviera,
of 98%, while phases 2, 3 and 4 are now at 90%, 65% as well as the 634-unit Creek Views I project in Dubai
and 21%, respectively. Expected completion dates Healthcare City built at a value of nearly AED 300m.
range between Q3 2022 and Q4 2024. The developer is now gearing up for the remainder of
Riviera is part of Azizi Developments’ award-winning its 2022 deliveries, which in total amount to 8,895
portfolio. It is a stylish waterfront-lifestyle destination units across 42 projects.
that is planned to comprise 71 mid-rise buildings with Designed to introduce the French-Mediterranean
approximately 16,000 residences. lifestyle to Dubai, which is not merely about
Commenting on the swift construction, Mr Farhad architectural art but also about a certain ‘joie de
Azizi, CEO of Azizi Developments, said: “It is rewarding vivre’ — a celebration of life, an exultation of spirit,
to see our efforts in ensuring construction speed and Riviera represents a new landmark destination that is
quality pay off. By carefully choosing our contractors both residential and commercial, with an abundance
and suppliers, and by procuring construction materials of retail space. Riviera features three districts: an
ourselves directly from manufacturers, we were able extensive retail boulevard, a lagoon walk along its
to increase our pace of construction substantially, all 2.7km-long swimmable crystal lagoon with artisan
while elevating our quality standards to even greater eateries and boutiques, and Les Jardins — a vast, lush-
heights. Having just completed several buildings in green social space.
22
Contractors News
Select Group launches the final development
of its waterfront master community, Peninsula
Dubai, United Arab Emirates: The two striking Four, The Plaza is an exquisite tribute to the art of
residential towers, premium waterfront lofts and a living, being the centrepiece of the community in the
commercial building that comprise Peninsula Four, heart of Dubai Downtown. We are proud to bring to
The Plaza, are the final pieces of the iconic Peninsula the market an elevated experience of waterfront living
master community developed by Select Group. that we have witnessed become increasingly high in
With all previous developments within the project demand.»
successfully sold out, Peninsula Four marks the last The two towers at Peninsula Four feature studios, one,
opportunity to secure an investment in this upcoming two, three, and four-bedroom residences and half-
luxury waterfront community. floor penthouses, while the premium waterfront lofts
As the first community-focused waterfront offer three and four-bedroom multi-story residences.
development in Business Bay, Peninsula comprises With uninterrupted vistas of the Dubai Canal, the
six premium residential towers, waterfront podiums city skyline and Burj Khalifa, and access to state-of-
and commercial units. With an active and social the-art amenities, homeowners and investors can
lifestyle at its core, the master development features expect to experience effortless sophistication and
a variety of lifestyle facilities, from tennis and padel meticulous craftsmanship, blurring the lines between
courts to running tracks and a skate park, along with the stunning architecture and social lifestyle.
family play areas. Rich and refined, The Lofts at Peninsula Four, The
Peninsula Four, The Plaza, is located at the epicentre of Plaza, welcome residents home to a relaxing refuge
the community marketplace (The Plaza), showcasing a away from the bustle of city life. Featuring three
vibrant waterfront gastronomical, entertainment and and four-bedroom duplex units, these spacious and
retail scene. Residents and guests will find organic exceptionally designed residences are an impressive
cafés, coffee shops, boutique stores and artisan medley of style and sophistication.
galleries, fine-dining restaurants and local culinary Peninsula Four, The Plaza, offers its residents an array
sensations, all in one destination. of spaces to live an active lifestyle and to enjoy time
Commenting on the launch for the final phase of with family and friends, including a private outdoor
development, Founder and Group Chief Executive pool, fully equipped gymnasium, jacuzzi, kid›s play
Officer Rahail Aslam says: «Shaped by ideals of area, co-working space, yoga zone and squash courts.
beauty and perfection in everyday life, The Peninsula Peninsula Four is scheduled to be completed by Q2 2026.
23