Azizi Developments is to launch two new mega developments at Meydan One near the Dubai Water Canal in the fourth quarter of this year.

The announcement comes following the success of Phases One and Two of its Dh12-billion ($3.27 billion) Azizi Riviera waterfront project, which was sold out at last month’s Cityscape Global expo in Dubai.

The mega projects will be four times the size and value of Azizi Riviera, its most ambitious development to date.

Inspired by the French Riviera, Azizi Riviera is made up of 69 mid-rise residential buildings of 13,000 units of studio, one- and two-bedroom apartments, a mega integrated retail district and a four and a five-star hotel.

The project commenced construction in July this year with the completion of Phase One and Two scheduled for the second half of 2018.