Azizi Plaza

About Azizi Plaza

Plaza is a residential building by Azizi Developments in Al Furjan. The developer's page sets out a collection of two hundred and eighty-six studios, forty-six one-bedroom apartments and one hundred and two two-bedroom apartments, and presents the building as a fresh take on contemporary urban living. Azizi lists a swimming pool, open city views, an elegant lobby, a gym and garage parking among its facilities.

What stands out is the shape of the mix. Studios dominate, one-bedroom units are relatively scarce, and two-bedroom apartments form a sizeable second block. In effect, Plaza contains two separate markets under one roof.

Two markets in one building

Studios here trade mainly between investors, and their prices tend to bunch together because layouts repeat. The two-bedroom apartments attract a different audience: small families, sharers and owner-occupiers who want more room without leaving the area. Their prices move for different reasons and on a different timetable, often following school terms and household moves rather than investment cycles.

Because one-bedroom units are comparatively rare in this building, a well-presented one-bedroom listing may draw more interest than its size suggests. Keep that in mind if you find one priced in line with the studios.

For the two-bedroom apartments, check the bedroom sizes, the number of bathrooms and whether the kitchen is open or closed. Sharers often prefer two bedrooms of equal size with their own bathrooms, while families may value a larger master bedroom and extra storage. Knowing which buyer a unit suits helps you judge how quickly it would resell and how much flexibility the current owner really has on price.

Location and connections

Azizi locates Plaza in a well-connected pocket of Al Furjan close to Sheikh Mohammed Bin Zayed Road and the metro, with JAFZA, Dubai Marina, JBR, Palm Jumeirah and Expo City Dubai all within a drive. Al Maktoum International Airport and the business districts of DIFC and Business Bay are further along the main highways. The Al Furjan community guide maps out local amenities, Discovery Gardens is the neighbouring district to the north, our Azizi developer page lists other Azizi buildings, and the Dubai city guide frames the wider market.

Finding distressed and below-market units in Azizi Plaza

In the studio segment, distress usually means an investor who wants out: someone reallocating capital, clearing a loan, or tired of managing a small rental remotely. In the two-bedroom segment, the triggers are more personal, such as a relocation, a growing family or a separation. Either way, the outcome can be a motivated seller who is prepared to trade a little price for a quick, certain completion.

Overseas buyers often recognise these as quick sales, reduced prices, distressed listings or BMV deals. In Plaza, build two separate comparison sets: one for studios and one for two-bedroom apartments, each based on registered transactions in the building. An ask below market in one set means nothing for the other.

A listing below original price can appear when the first owner bought off plan during a busy period. Ask what they paid, whether a mortgage or developer balance remains, and how long the unit has been for sale.

What to check in the common parts

A building with several hundred studios sees heavy use of lifts, corridors and the gym. During a viewing, check how busy the lifts are at peak times, whether the pool deck is clean and the equipment works, and how the lobby is staffed. These details hint at how well the owners association manages its budget and whether residents are paying their service charges on time.

Documents and dues

The title deed should be checked against the Dubai Land Department record and the seller's passport. If the seller holds only an Oqood registration, ask why the deed has not been issued and whether any developer fees are pending. Request a service charge statement confirming nothing is outstanding, since Azizi will not issue the NOC until the account is clear. Keep any copies of the original payment plan and final receipt in your file.

Tenancies and timing

Many studios are let on annual contracts; two-bedroom units are more often owner-occupied or let to families. For tenanted units, read the Ejari contract, the rent and the renewal date. If you plan to live in a two-bedroom unit, a vacant listing avoids the notice periods that apply when ending a lease. Time your purchase around the school year if you have children, as two-bedroom demand tends to rise in the summer months.

Putting an offer together

Gather recent registered sales in the right segment, note the unit's condition, and propose a clear timetable with proof of funds or a pre-approval. A licensed broker should record the terms on a Form F agreement, including deposit, completion date and fee split. Keep the deposit with the broker until the NOC request is lodged, and walk through the unit again just before transfer. If you are an investor buying a studio, factor in a realistic vacancy period between tenants when you work out what price makes sense.