UAE-based real estate developer Azizi Developments commences international sales of a recently-launched project, Invest-Gate reports.

Azizi began the sale of the Azizi Riviera project worth AED 12 bn with the opening of its sales office in India.

Located in the Mohammed Bin Rashid Al Maktoum City Meydan One project, Azizi Riviera features 69 mid-rise residential buildings of 13,000 units of one-bedroom, two-bedroom, and studio apartments, as well as integrated retail district and a four- and a five-star hotel.

As the city is set to record rapid gross domestic product (GDP) growth over the next few years, the new office will meet the demand from Indian buyers and investors looking for real estate exposure in Dubai.

Total real estate investments reached AED 91 bn in 2016, with Indians accounting for AED12 bn of these investments, Dubai Land Department figures showed.