During the year, Azizi completed the first seven buildings of Riviera, a French Mediterranean-style waterfront living community in MBR City.

Azizi Developments, the leading private developer in the UAE, sold more than 6,000 units for Dhs5.6 billion at the end of 2022, indicating a surge in sales of more than 37% in the second half of 2022.

This year, Azizi plans to deliver approximately 11,000 units across 45 projects in Dubai, spread across Phases I, II and III at Riviera, Park Avenue I, II and III at MBR City and Berton at Al Furjan.

With 28.4 million man-hours of construction and over 167,000 cubic metres of concrete poured, Azizi has developed over 152 floors with 3.51 million square feet of floor space in 2022.

During the year, Azizi completed the first seven buildings of Riviera, a French Mediterranean-style waterfront living community in MBR City, and Creek Views I, a 634-unit residential condominium in Dubai Healthcare City.

With Riviera quickly selling out, Azizi launched Park Avenue III at MBR City, the fourth and most luxurious phase of Riviera, Rêve, and Beach Oasis, two commercial residential towers with 712 units nestled around a beach-like swimming pool.

Azizi has also secured a coveted site on Sheikh Zayed Road, on which the developer will soon build the second tallest tower in the UAE.

In addition, Azizi has also signed an agreement with Dubai South for a 15 million square foot site with a total GFA of 24 million square feet, where it will be the master developer with plans to launch the entire city including villas, townhouses, residences and more.

Farhad Azizi, Chief Executive Officer of Azizi Developments, said.

"With our record-breaking sales and construction pace, 2022 is an exciting year for us. As a catalyst for the UAE's real estate landscape, vision and growth, we will continue to add value, develop homes with a difference, set the standard for contemporary architectural design and quality, and empower investors and end-users with an unparalleled, enriched lifestyle. 2023 looks promising, with the first and second phases of our mega project Riviera already nearly 100 per cent sold, and two more phases are progressing rapidly, with several other projects due for completion in the coming months. We value the support of our stakeholders and thank them for their contribution in taking our projects from conceptualisation to reality."