Dubai, UAE — Azizi Developments has reported that construction of Rêve, a premium cluster within its Riviera community in Dubai’s Mohammed Bin Rashid City (MBR City), has reached 65% overall completion, underlining continued momentum in the emirate’s off-plan mid-luxury segment.
The project sits in Phase IV of the French Mediterranean-inspired waterfront development, one of Azizi’s flagship communities targeting investors seeking lagoon-front, mid-market to upper-mid homes with rental yield potential.
According to the developer, Rêve has reached 98% of its structural works, with blockwork at 89%, internal plastering at 79% and tiling at 48%, while HVAC and MEP systems are 67% and 53% complete, respectively. Façade works currently stand at 33%, external works at 63%, and overall finishes at 44%, indicating that the project is moving through the final construction stages.
Inside Riviera’s Lagoon-Focused Master Plan
Riviera is planned as a large-scale community of around 75 mid- and high-rise buildings comprising approximately 16,000 residences, positioned as a mid-market waterfront destination within MBR City.
Also read: Real Estate Crash UAE? Analysts See Correction, Not Collapse
The master plan includes an extensive retail boulevard, a lagoon walk along a 2.7 km-long swimmable crystal lagoon, and Les Jardins, a landscaped green zone designed as a community social space.
Designed around a French-Mediterranean theme, the community aims to pair contemporary Dubai infrastructure with a lifestyle-led urban fabric that blends residential, retail and leisure spaces in one destination.
Riviera’s lagoon-front positioning and connectivity to Downtown Dubai and Business Bay via Al Khail Road have helped it attract both end-users and yield-focused investors.
Rêve Amenities, Location And Design
Rêve is described by the developer as the most luxurious cluster within Riviera, located directly on the shores of the 2.7 km-long swimmable lagoon, which spans over 130,026 sq m and stretches across the entire community. The buildings are surrounded by open green spaces and benefit from waterfront sightlines, which are increasingly sought after in Dubai’s mid-luxury apartment market.
The project’s amenities include fully equipped gyms, two swimming pools, saunas, steam rooms and children’s play areas, aligning with the broader market shift towards health, wellness and family-oriented facilities in Dubai’s new communities.
Also read: Understanding Dubai’s No Capital Gains Tax: A Game-Changer for Indian Real Estate Investors
Group CEO Farhad Azizi said: “We are pleased with the strong construction progress at Rêve, reflecting an uncompromising commitment to precision, design excellence, and execution at the highest level.”
He added that as the most luxurious project within Riviera, Rêve is advancing with discipline and intent, with each milestone reinforcing a clear focus on decisive delivery, enduring value, and establishing a defining presence in Dubai’s residential landscape.”
Market Context: Off-Plan And MBR City
MBR City has emerged as one of Dubai’s most active development corridors, with significant upcoming residential supply and large-scale master communities built around lagoons, malls and green spaces.
Market data indicates that properties in MBR City have historically generated average gross rental yields of around 6%, while mid-market waterfront projects like Azizi Riviera have seen yields in the 6% to 7.5% range, supported by demand from both residents and international investors.
The broader Dubai market continues to record strong transaction volumes in the off-plan segment, helped by population growth, business migration and long-term visa reforms that have encouraged expatriates to own rather than rent.
Developers such as Azizi are tailoring master communities like Riviera to capture this demand by combining relatively accessible ticket sizes with master-planned amenities and branded lifestyle positioning.
Why Riviera Rêve Matters for Indian Investors
For Indian buyers, Azizi Riviera Reve Dubai off-plan apartments offer exposure to a freehold, centrally located, lagoon-front community in MBR City with connectivity to key business and leisure hubs. Mid-sized apartments in Riviera have attracted buy-to-let investors targeting stable rental income, with yields in the mid-single to high-single digits and potential upside as the master community matures and more phases are delivered.
Given the rupee-dirham exchange dynamics and India–UAE travel links, Dubai’s mid-luxury, master-planned projects are increasingly used by Indian families as second homes or future retirement bases, while still being income-generating assets when leased out.
For investors assessing risk, the 65% construction progress at Rêve reduces completion uncertainty compared with early-stage launches, though buyers should still review service charges, leasing dynamics in MBR City and their own currency exposure before committing capital.
Discover more from Invest Dubai Today - Dubai Realty Insights
Subscribe to get the latest posts sent to your email.
