UAE’s real estate developer Azizi Developments has achieved sales of AED 1.3 bn at Cityscape Global 2017, Invest-Gate reports.
The -AED 12 bn- Azizi Riviera’s entire phase one and 50% of phase two were sold out on the first day of the event, which was held from September 11 to 13 in Dubai.
Located in Meydan One district in Dubai, the waterfront project boasts 69 mid-rise residential buildings of 13,000 units of studio, one- and two-bedroom apartments, a mega integrated retail district, as well as a four- and a five-star hotel.
Construction in the project started in July 2017. Phases one and two are slated for completion in the second half of 2018.
Azizi Developments is expected to announce two new mega developments at Meydan One in the final quarter of this year, which are expected to be four times the size and value of Azizi Riviera.