Azizi Riviera Phase 1
Apartments
By Azizi
430,000 AED
Starting Price
1-3BR
Available Units
Dubai
Location
Azizi Riviera Phase 1 is the first phase of the Azizi Riviera development, a new large-scale residential area located in Mohammed Bin Rashid City. The project is situated in the Meydan area and within close proximity to the racecourse and golf course. As of March 2022, 95% of the first phase of construction has been completed.
About Azizi Riviera Phase 1
The master developer offers a convenient 70/30 payment plan, which includes a 20% booking fee. During construction and upon estimated completion in Q1 2028, you must pay 50% and 30%, respectively.
As of Q1 2024, the gross yield for 1-bedroom units in Business Bay averages at 6.4%. The starting price for rent is AED 53K (USD 14K) per annum. As you can see, you can receive a stable cash flow if you lease your property in Altitude de GRISOGONO.
According to DAMAC Properties, off-plan apartments in Business Bay recorded 73% capital value appreciation from Q1 2021 to Q4 2023. The surge was driven by the growing influx of tourists and expat workers. This means that you can profitably resell your property in this complex, even while it is still under construction.
Property owners in Altitude de GRISOGONO become eligible for either a 2- or 10-year visa, depending on the purchase price. Both of these visas include family sponsorship, while the 10-year Golden visa additionally covers domestic staff.
Azizi Riviera Phase 1 offers affordable properties that make excellent real estate investments. The complex provides a comfortable living environment for professionals, couples, and families with children.
Properties in the Mohammed Bin Rashid City area have a return on investment rate of 6%. The annual rental rate for a two-bedroom apartment in Azizi Riviera is approximately AED 75,000 (USD 20,000), after deducting the maintenance fees and taxes.
Payment Plan
|
Developer
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Area from
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Townhouses
|
Total Amount of Units
|
Payment Plan
|
|---|---|---|---|---|
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DAMAC
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2,297 sq. ft.
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4-5BR
|
1900
|
70/30
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Amenities & Features
Here are the amenities and features of Burj Azizi:
The project was developed by Azizi Developments, and it is scheduled for completion in 2025. The development features a crystal lagoon with desalinated water, as well as several parks and promenade areas. The complex is near the Meydan One Mall, which includes an indoor ski slope. Once completed, it will surpass the size of the Dubai Mall.
Properties include studios and one- to three-bedroom apartments, and units range in size from 380 sq. ft. (35 sq. m) to 1,351 sq. ft. (126 sq. m).
Residents will be able to enjoy a variety of amenities, including:
- Crystal lagoon with bathing facilities
- 2 km long beach
- Restaurants
- Shops and supermarkets
- Promenades
- Public parks
- Swimming pools
- Barbecue areas
- Children’s play areas
Properties range in price from AED 430,000 (USD 117,000) to AED 1,950,000 (USD 531,000).
Nearby Facilities
Azizi Riviera Phase 1 is located in Meydan near Al Khail Road and Al Ain – Dubai Road, which provides quick access to Downtown Dubai, Business Bay, and DIFC within a 10-minute drive. The area offers a wide range of recreation areas and entertainment venues.
The nearest educational facilities include two schools in the neighbouring community of Sobha Hartland, which can be reached within a 10-minute drive of the complex. Chubby Cheeks Nursery is situated within a 15-minute drive, and Academic City and GEMS New Millennium School can be reached within a 20-minute drive. For medical services, residents can go to the nearby Nad Al Sheba Health Centre.
Azizi Riviera Phase 1 is situated within a short drive of several city attractions, including:
- Dubai Opera and Dubai Mall – 10 minutes
- Al Quoz Pond Park – 15 minutes
- Ras al Khor Wildlife Sanctuary – 15 minutes
- The Track Meydan Golf Club and Meydan Racecourse – 20 minutes
- Dubai International Airport – 20 minutes
- Al Khail Mall, Grand City Mall, and Al Quoz Mall – 20 minutes
- Dubai beaches – 20 minutes
