Azizi Nears Final Handover of Riviera Development in MBR City
Dubai developer Azizi Developments is entering the final stage of construction on its flagship Riviera project in Mohammed Bin Rashid City, with the remaining buildings scheduled for completion by the second quarter of 2026.
The master-planned community, which spans 75 mid- and high-rise towers, will ultimately feature nearly 16,000 apartments. As of this month, Azizi has handed over 53 buildings, including the first three phases and part of Phase 4. The latest completions-Riviera 67 on July 1 and Riviera 65 on July 21—follow the earlier delivery of Riviera 61 in June and Riviera 63 in March.
Azizi said construction on the final 22 buildings is progressing on schedule. Upcoming handovers in Phase 4 include Azure in August and Riviera 52 in September. The company is also preparing to deliver Beach Oasis I in October and Azizi Vista in Dubai Studio City later this month.
Group Chief Executive Farhad Azizi described the project as a key contributor to Dubai’s urban landscape. “The handover drive at Riviera marks yet another significant milestone in our journey to redefine urban living in Dubai,” he said. “With the majority of this exceptional community already delivered, we remain steadfast in our commitment to executing the final phase with the same precision, quality, and sustained momentum that define our standards.”
Azizi said Riviera is designed to blend modern architectural aesthetics with waterfront living, offering a mix of studios, one-, two-, and three-bedroom apartments alongside retail and leisure facilities. The development is located within close proximity to Meydan Racecourse, Downtown Dubai, and Dubai International Airport, providing connectivity to key destinations.
The project’s layout includes landscaped open spaces, cycling and jogging tracks, and a retail boulevard. A central lagoon with a beach-style shoreline is intended to enhance the lifestyle appeal for residents. Azizi has positioned the community as a hub for both end-users and investors seeking long-term rental yields in one of Dubai’s most active residential markets.
Dubai’s property sector has shown resilience in 2025, with off-plan transactions maintaining strong momentum. According to Dubai Land Department data, off-plan sales accounted for more than 60% of total residential transactions in the first half of the year. Analysts attribute the trend to the city’s infrastructure investment, visa reforms, and continued influx of high-net-worth individuals.
Azizi’s Riviera development aligns with this demand, offering phased handovers that allow early investors to take possession while construction continues on later phases. This approach, industry observers note, has helped maintain buyer interest and cash flow throughout the build cycle.
Riviera’s design strategy also reflects a shift in Dubai’s residential planning, with developers emphasizing integrated communities rather than standalone towers. Farhad Azizi said this focus on connectivity and amenities is central to the company’s future pipeline. “Riviera exemplifies our vision of developing well-connected, lifestyle-enhancing communities that contribute to Dubai’s growth and global appeal,” he said.
The company has not disclosed exact pricing for the final phase, but market listings show studio apartments in earlier phases starting at around AED 800,000, with larger units exceeding AED 2 million. Agents say the project’s location within MBR City, coupled with its waterfront features, positions it competitively against other premium developments in the area.
Azizi Developments, founded in 2007, has delivered thousands of units across Dubai and continues to expand its portfolio with projects in Jebel Ali, Dubai Healthcare City, and Al Furjan. The company has indicated that its current construction pipeline includes more than 100 ongoing projects, with Riviera representing one of its largest undertakings to date.
While challenges such as rising construction costs and global economic uncertainty remain, developers in Dubai have largely maintained optimistic projections for the next 18 months. Analysts expect demand for well-located, high-amenity communities to remain strong, particularly among international buyers.
For Azizi, the completion of Riviera’s final phase will mark a significant milestone not only for the company but also for the ongoing evolution of MBR City as one of Dubai’s prime residential districts. The area has seen substantial infrastructure enhancements in recent years, from improved road connectivity to expanded public transport links, further boosting its investment appeal.
By mid-2026, Riviera’s full handover will add thousands of residents to the area, reinforcing MBR City’s position as a mixed-use hub combining residential, leisure, and retail offerings. For buyers, the project’s phased delivery and extensive amenities may provide a balance of lifestyle value and long-term capital growth potential.
