Azizi Riviera Phase 1 is the first phase of the Azizi Riviera development, a new large-scale residential area located in Mohammed Bin Rashid City. The project is situated in the Meydan area and within close proximity to the racecourse and golf course. As of March 2022, 95% of the first phase of construction has been completed.
The project was developed by Azizi Developments, and it is scheduled for completion in 2025. The development features a crystal lagoon with desalinated water, as well as several parks and promenade areas. The complex is near the Meydan One Mall, which includes an indoor ski slope. Once completed, it will surpass the size of the Dubai Mall.
Properties include studios and one- to three-bedroom apartments, and units range in size from 380 sq. ft. (35 sq. m) to 1,351 sq. ft. (126 sq. m).
Azizi Riviera Phase 1 is located in Meydan near Al Khail Road and Al Ain – Dubai Road, which provides quick access to Downtown Dubai, Business Bay, and DIFC within a 10-minute drive. The area offers a wide range of recreation areas and entertainment venues.
Azizi Riviera Phase 1 offers affordable properties that make excellent real estate investments. The complex provides a comfortable living environment for professionals, couples, and families with children.
Properties in the Mohammed Bin Rashid City area have a return on investment rate of 6%. The annual rental rate for a two-bedroom apartment in Azizi Riviera is approximately AED 75,000 (USD 20,000), after deducting the maintenance fees and taxes.