5 Off-Plan Studios in Azizi Venice, Dubai South, 11.3% Below Original Price

Property Overview

Five off-plan studio apartments in Azizi Venice, Dubai South, are offered at AED 550,000 each for 372 sq ft of built-up area per unit, or about AED 1,478 per sq ft. Each asking price is AED 70,000 below the agent-stated original purchase price of AED 620,000 per studio, an 11.3% reduction. Handover is expected in Q1 2027. Studios can be bought individually or together.

Property Highlights

• Property type: Apartment (studio)
• Units available: 5 (agent-stated)
• Built-up area: 372 sq ft each
• Asking price: AED 550,000 per studio
• Original price (agent-stated): AED 620,000 per studio
• Saving versus original price: AED 70,000 (11.3%) per studio
• Asking rate: approximately AED 1,478 per sq ft
• Status: off-plan, expected handover Q1 2027
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

Each studio is classified as Below OP because the asking price of AED 550,000 is lower than the original purchase price of AED 620,000 stated in the agent's brief. The difference is AED 70,000 per unit, or 11.3% of the original price. Across all five studios, the combined asking price would be AED 2,750,000 against a combined original price of AED 3,100,000.

The original prices come from the agent's brief received on 26 October 2026 and have not yet been checked against the SPAs, Oqood or DLD records. The comparison reflects what the seller originally paid; it is not a claim that the units are below current market value.

About the Project, Developer and Community

Azizi Venice is a residential project by Azizi Developments in Dubai South, planned around a large swimmable lagoon. Dubai South is a master-planned district next to Al Maktoum International Airport and the Expo City Dubai site.

Layout, Floor and View

The agent confirms five studios of 372 sq ft each. Floors, views, unit numbers, furnishing and parking were not supplied, and these may differ between units. Ask the DPF team for the floor plan and unit list.

Payment Plan and Handover

Handover is expected in Q1 2027, according to the agent. No payment plan, amount paid or outstanding balance was supplied. Confirm these for each unit, along with transfer and NOC fees, against the SPAs and Azizi's statements of account before making an offer.

Location and Connectivity

Dubai South has road access to Sheikh Mohammed Bin Zayed Road, Emirates Road and the Expo Road, close to Al Maktoum International Airport. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Azizi Venice, Dubai South, five studios of 372 sq ft each, Q1 2027 handover, original price AED 620,000 and asking price AED 550,000 per studio.
• DPF-calculated figures: AED 70,000 (11.3%) below the original price per studio, approximately AED 1,478 per sq ft and combined totals for five units.
• Not yet verified: SPAs or DLD records, unit numbers, floors, views, payment status and service charges.