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Azizi Riviera reaches construction milestone

Dubai's $3.2bn Azizi Riviera is now more than a fifth complete and the waterfront community is on track for delivery

Azizi Riviera has passed the 20% completion mark.
Azizi Riviera has passed the 20% completion mark.

Azizi Riviera, a waterfront development in Dubai, has reached an important milestone after construction work passed the 20% completion mark.

Azizi Developments' $3.2bn (AED12bn) multi-phase residential community has made steady progress, with ground floor works completed for the cluster of mid-rise buildings in Meydan One.

First-floor construction is now under way, with structural work on the second and third floors set to be start later this month.

READ: Contractor of Dubai's Azizi Riviera installs two Raimondi cranes

The developer has continued to report steady progress on the mixed-use residential development that counts several local contractors among the firms on the site.

Buildings for Phases 1 and 2 are being constructed by KSS Engineering and Construction and Zahrat Al Safa Contracting respectively, while Prestige Constructions is tasked with erecting 13 mid–rise towers for Phase 3. 

Phase 4 main construction contracts went to Emirati firms Majed Hilal Contracting, which is tasked with building 11 mid-rise towers in a $155.7m (AED572m) deal. Evershine Contracting signed a $152m (AED559m) contract to build 10 mid-rise towers earlier this year.

Chairman of Azizi Developments, Mirwais Azizi, said the community development would offer both residents and property investors a "high" return on investment, thanks to an expected "appreciation in property value in the build-up to Expo 2020 Dubai".

Azizi Riviera will feature an integrated retail complex that has a mix of high-street shops, leisure and entertainment amenities. Plans to build a marina are also in the pipeline.

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Construction Week - Issue 759
Feb 22, 2020