Apartment in Azizi Venice, Dubai South (DWC) — 19.7% Below Original Purchase Price

Property Overview

This apartment in Azizi Venice, Dubai South (Dubai World Central), is offered at AED 1,100,000 as a distress resale. The unit measures 725 sq ft and is presented by the listing agent as approximately 19.7% below the seller's stated original purchase price of AED 1,370,000, with handover targeted for Q4 2026.

Property Highlights

• Size: 725 sq ft
• Asking price: AED 1,100,000
• Stated original purchase price: AED 1,370,000
• Discount from stated OP: 19.7% (AED 270,000)
• Price per sq ft at asking price: approximately AED 1,517
• Project: Azizi Venice, Dubai South (DWC)
• Developer: Azizi Developments
• Handover: Q4 2026

Why the Price Qualifies as Below OP

The seller/agent has supplied an original purchase price of AED 1,370,000 for this unit. Against the current asking price of AED 1,100,000, the arithmetic saving is AED 270,000, which equals 19.7% of the stated original price. This matches the discount claimed in the agent's brief. This benchmark reflects the seller's stated original purchase price only; it has not been cross-checked against a Dubai Land Department transaction record or the original sale and purchase agreement.

About the Project, Developer and Community

Azizi Venice is a large-scale, Venetian-inspired waterfront community by Azizi Developments in Dubai South, built around a swimmable crystal lagoon and a landscaped retail boulevard. The masterplan includes studios and 1 to 3-bedroom apartments alongside villas, plus amenities such as an opera house, amphitheatre, boardwalk, water park and outdoor fitness facilities. The community sits close to Al Maktoum International Airport (Dubai World Central) and a proposed metro station, adjacent to the Emaar South development. Developer-published information places handover for this phase in Q4 2026.

Location and Connectivity

Azizi Venice is situated in Dubai South along Emirates Road (E611), with a short drive to Al Maktoum International Airport and its VIP terminal. The wider Dubai South district is positioned in Dubai's southern growth corridor, with planned metro connectivity nearby. Specific walking distances or drive times to individual amenities from this unit have not been supplied and are not stated here.

Verification Notes

Unit-specific facts — price, size and the stated original purchase price — come from the agent's brief and have not been independently verified by DPF. The savings amount, savings percentage and price per square foot have been independently calculated from those figures. Project- and community-level facts (developer, amenities, handover target) are drawn from Azizi Developments' published project information and broker sources describing the same project. The bedroom count was not supplied in the brief and is omitted rather than assumed; bathrooms, parking, floor, view and furnishing status were also not supplied and are likewise omitted. This listing remains a Draft pending Shabana's review, including confirmation of the bedroom count.