1-Bedroom High-Floor Apartment in Azizi Venice Building 7, Dubai South Below OP

Property Overview

This is a one-bedroom apartment in Building 7 of Azizi Venice, Dubai South, offered as an off-plan resale at AED 1,100,000. The unit has a 665 sq ft built-up area on a high floor, which works out to about AED 1,654 per square foot. It is priced AED 136,000, or 11.0%, below the agent-stated original price of AED 1,236,000, with a 40/60 payment plan.

Property Highlights

• Asking price: AED 1,100,000
• Agent-stated original purchase price: AED 1,236,000
• Difference: AED 136,000, or 11.0% below the stated original price
• Built-up area: 665 sq ft
• Price per sq ft: approximately AED 1,654
• Bedrooms: 1
• Floor: high floor, as stated by the agent
• Payment plan: 40/60
• Building: Azizi Venice, Building 7

Why the Price Qualifies as Below OP

The agent brief lists an original price of AED 1,236,000 and a selling price of AED 1,100,000. The difference is AED 136,000, and dividing that by the original price gives 11.0%, rounded to one decimal place.

Buyers should confirm the original price, the amount already paid and the remaining installments in the SPA and Azizi statement of account before making an offer.

About the Project, Developer and Community

Azizi Venice is a large waterfront residential development by Azizi Developments in Dubai South, made up of multiple numbered buildings arranged around a central lagoon. Dubai South is a master-planned district around Al Maktoum International Airport and the Expo City Dubai area. Buyers should confirm construction progress and amenities for Building 7 with Azizi directly.

Layout and Floor

The agent confirms a one-bedroom apartment with a 665 sq ft built-up area on a high floor. The exact floor number, view, bathroom count, parking and furnishing were not supplied. Request the floor plan and confirm the floor and orientation.

Payment Plan and Handover

The agent states a 40/60 payment plan. The amount already paid, the balance due to Azizi and the expected handover date were not supplied. Ask for the statement of account and confirm the completion date in the SPA.

Verification Notes

• Agent-supplied facts: project, building number, bedrooms, built-up area, high floor, payment plan, original price and asking price.
• Calculated figures: the AED 136,000 difference, 11.0% discount and AED 1,654 per sq ft are DPF calculations from the agent's figures.
• Not supplied: exact floor, view, handover date, amount paid, bathrooms and unit number.