Dubai – Mubasher: Azizi Developments on Tuesday announced that it has awarded Chirag Contracting a contract worth AED 216 million ($58.8 million).
Under the deal, Chirag will develop four plots with a total area of more than 1 million square feet, the UAE-based developer said.
The contract’s first part, valued at AED164.8 million, allocated for developing three plots with a total area of over 769,515 square feet in phase one of Azizi Riviera.
The contract’s second part of AED 51.6 million is earmarked to a plot in Al Furjan with a total built-up area of over 245,244 square feet.
Commenting on the contract, Farhad Azizi, CEO of Azizi Developments, said, “Delivering our projects as per schedule is our top priority and a commitment to our customers. Our new contract with Chirag Contracting, among several others, underlines our focus on working with best-in-class contractors to develop our developments to the highest standards of quality and aesthetics.”
The Emirati real estate firm launched Azizi Riviera in July 2017.
Azizi Developments said that the project's work progress is on track with several residences in the first phase scheduled to be handed over this year.
