Studio in Azizi Milan 30, City of Arabia, 9.7% Below OP

Property Overview

This off-plan studio in Azizi Milan 30 is offered as a distress resale at AED 525,000 against an agent-stated original purchase price of AED 581,130, which is AED 56,130 or 9.7% below OP. The studio measures 354.25 sq ft, approximately AED 1,482 per sq ft.

Property Highlights

• Property type: Apartment (studio)
• Built-up area: 354.25 sq ft
• Asking price: AED 525,000
• Original purchase price: AED 581,130 (agent-stated)
• Saving vs OP: AED 56,130 (9.7%)
• Price per sq ft: approx. AED 1,482 (calculated)
• Status: Off-plan
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 581,130 and an asking price of AED 525,000. The difference is AED 56,130, which is 9.7% of the original price.

Calculation

• AED 581,130 minus AED 525,000 = AED 56,130
• AED 56,130 / AED 581,130 = 9.7% below OP
• AED 525,000 / 354.25 sq ft = approx. AED 1,482 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

About the Project, Developer and Community

Azizi Milan is a large Italian-themed residential development by Azizi Developments in City of Arabia, Dubailand, built in numbered buildings around a crystal lagoon. Published project information places Azizi Milan 30 in City of Arabia, while the agent's brief describes the location as Al Furjan; buyers should confirm the registered location in the SPA.

Layout

The agent confirms a 354.25 sq ft studio. The floor, view, parking and furnishing were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent brief did not include the payment plan, amount paid or handover date. Published project information shows expected completion in Q2 2027. Buyers should confirm the remaining balance, instalment schedule, handover date and Azizi's resale NOC requirements against the seller's SPA.

Location and Connectivity

City of Arabia sits in Dubailand off Sheikh Mohammed Bin Zayed Road and Al Ain Road, with road connections towards Dubai Silicon Oasis, Global Village and Downtown Dubai. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project and building number, studio, 354.25 sq ft BUA, OP AED 581,130, asking price AED 525,000 and Al Furjan as the stated location.
• Calculated by DPF: savings amount, savings percentage and price per sq ft.
• External research: project location in City of Arabia and published completion timing.
• Not supplied: floor, view, parking, furnishing, payment plan, amount paid and service charge.