Riviera 63

Riviera 63 is a premium residential complex under construction in MBR City, developed by the renowned company Azizi Developments in Dubai. The first phase of the Riviera complex in Meydan earned the developer a well-deserved award for the best premium residence in the area. It is not excluded that the new building in the cluster will also receive recognition from real estate industry experts in the emirate.

Riviera 63 will offer a wide selection of apartments for those interested in purchasing: cozy studios, 1-bedroom, and 2-bedroom apartments with a size of up to 68 sq. m. Inside, there will be meticulously designed open floor plans with zoning, and the bedrooms will be well soundproofed. The indoor microclimate will be maintained by an energy-efficient air conditioning system.

The apartments will be delivered to owners fully prepared for moving in: with finished interiors, European sanitary ware, equipped and furnished kitchens, and a "smart home" system for automation and remote control.

Riviera 63: Apartments with All Amenities 10 Minutes from Downtown Dubai

Riviera 63 will have its own large outdoor pool with a terrace and a separate area for lively children's water activities. The area will be adorned with hundreds of lush hypoallergenic plants, lawns, and tables with sun loungers and umbrellas for sun protection at noon.

Residents of the community will have access to public barbecue areas, a gym available with a club card, and an indoor half-Olympic swimming pool.

In terms of transport accessibility, it is provided by the proximity to Sheikh Zayed Road - an 8-minute drive to the exit. Several bus stops are also within walking distance, from which transport goes to all parts of the district. By car or bus, the journey to Business Bay and the vicinity of Burj Khalifa will take no more than 15 minutes.

The infrastructure of MBR City is represented by several primary and middle schools with European and American accredited diplomas, a mini-stadium, the largest equestrian complex in the emirate - Meydan, several golf courses, a variety of shops, and F&B establishments. The festival district with entertainment venues is just a few minutes away, as well as the beach, Meydan Academy and Driving Range, and the Ras Al Khor Wildlife Sanctuary reserve.

Investment Prospects in Riviera 63

Real estate in Dubai is steadily increasing in value - over the past few years, the average price per square meter in different areas has increased by 1.3-1.5 times. This applies to second-hand properties, while buying off-plan can still be very profitable. In Riviera 63, a 31 sq. m studio will cost from $324,251 / AED 1,190,000 with the possibility of purchase on a 20/20/60 payment plan.

Apartments of any size in the developed and growing MBR City are obviously a profitable investment. The ROI of a one-bedroom studio apartment in the Riviera 63 class apart-hotel in 2023 reached 6.27% per annum. This is a good return since there is always a demand for short or long-term rentals here throughout the year. Expats, freelancers, and guests from all over the world choose to stay in apart-hotels in the area. Additionally, the property owner does not pay property taxes or taxes on rental income.

By the time of completion of construction, real estate in Dubai usually increases in value by 30% or more from the off-plan price. This also provides an opportunity for a profitable resale. Moreover, the construction of Riviera 63 is nearing completion - the developer has planned to hand over the keys to owners in 2024.