14 Dhu al-Qi'dah 1445 - 22 May 2024
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Eye of Riyadh
Business & Money | Friday 20 January, 2023 1:47 pm |

Azizi Developments’ Riviera Rêve is now 40% sold to over 35 nationalities

Azizi Developments, a leading private developer in the UAE, has sold over 40% of its units at Rêve, part of the developer’s fourth and most prestigious phase of its French Mediterranean-inspired waterfront lifestyle community Riviera, located in the heart of MBR City. The units were sold to 35 different nationalities. 


Azizi has disseminated its sales data, indicating a growing interest from both local and international investors. Russian citizens make up the majority of its Rêve customer base, representing 26.67% of the total sales. The nationality breakdown also shows a surging demand from Iraqi investors, making up 10%, while 8.33% are from the Kingdom of Saudi Arabia and another 6.67% are from German investors. Other nationalities who also snapped up units in the highly coveted projects include Algerian, Colombian, Indian, and Italian investors, among others. 


Azizi has made substantial investments to cater to foreign buyers, as seen by the inauguration of its virtual property tours, video calling consultations, foreign sales offices, road shows, and fly-in programme, among many other impactful initiatives. 


Mr Farhad Azizi, CEO of Azizi Developments, said: “Dubai is the most welcoming city, and, therefore, it comes as no surprise that it attracts a large number of international investors. We are incredibly proud to be contributing to revealing to the world the many wonders this emirate has to offer, such as its safety and comfort as a place to visit, live, work, and invest in; its prowess as a leading hub for business, tourism, and innovation; its outstanding ROIs; and all the other benefits the city provides its multinational residents.”


“The 40% sales milestone of Rêve to 35 nationalities is a pronounced testament to our efforts. As a catalyst to the development of this awe-inspiring city, working determinedly to further boost its FDI and strengthen its position as the world’s leading real estate investment destination, this fills us with pride,” concluded Azizi.


With stunning views of Dubai’s skyline and crystal lagoon vistas, Riviera Rêve’s released renderings and information also highlight breath-taking, uniquely designed façades and a five-star service ambience comprising lavish entrances with cascading waterfalls, elegant ceiling coves with indirect lighting, Calacatta Sponda marble flooring, sleek big slab porcelain walls, modern over-counter washbasins, Statuario Lincoln marble mosaic tile pieces, frameless floor-to-ceiling windows, indirect mood lighting, premium appliances, panoramic lifts, a full array of smart home automation systems, valet and carwash services, and other fascinating features and carefully curated materials.


The Rêve buildings come with fully equipped gyms, two swimming pools, saunas, steam rooms and children’s play areas, among other amenities. They will be surrounded by vast open green spaces and situated on the shores of Azizi’s 2.7-kilometre-long swimmable crystal lagoon, spanning over 130,026 square metres and stretching across the entirety of the community. With stunning blue flooring, filled with more than 51.5 million gallons of crystal-clear, desalinated, and clean water that residents can swim in, and easily accessible via its lagoon walk — which will also feature a vast variety of artisan eateries and boutiques — Azizi’s lagoon will be a bustling space where residents can enjoy strolls along the beach-like shores, sunbathe and cool off.


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