Azizi Developments has awarded a contract worth $259m (AED952m) for the construction of Phase 3 of Azizi Riviera.
Prestige Constructions has been appointed to build 13 mid–rise buildings with mixed heights of eight and ten floors, located on the banks of the Dubai Canal.
Construction on the project is set to begin 1 April, 2018.
Mirwais Azizi, chairman of Azizi Group, said: “Azizi Developments is committed to its ongoing mission to deliver premier residential real estate in Dubai at a faster pace, and Azizi Riviera is a testament to this.
“The real estate sector in Dubai remains vibrant and we are driven to contribute to its success by supplying high quality real estate projects that meet consumer tastes. With this project in particular, we are bringing a distinctly lifestyle offering to the city of Dubai.”
The construction of the project’s third phase is set to be completed in the third quarter of 2019.
Comprised of 69 mid-rise residential buildings, Azizi Riviera will include studio, one-bedroom and two-bedroom apartments, as well as a mega integrated retail district and a four and a five-star hotel.
The developer is also currently working on a number of projects in Dubai, including the Azizi Victoria, which is spread over a construction area of three million square metres in Mohammed Bin Rashid Al Maktoum City–District 7.
Azizi Victoria comprises 105 mid- and high-rise residential buildings of 30,000 units of studio, one-, two-, three- and four-bedroom apartments, a retail district and two hotels.