Tenanted 2-Bedroom Azizi Riviera 13 Apartment in Meydan, 7.4% Below OP

Property Overview

This tenanted 2-bedroom apartment on a mid floor of Azizi Riviera 13 in Meydan, Mohammed Bin Rashid City, is offered at AED 1,760,000 for 876 sq ft, about AED 2,009 per sq ft. The asking price is AED 140,000, or 7.4%, below the stated original price of AED 1,900,000. The unit is rented at AED 106,000 a year on one cheque until November 2026.

Property Highlights

• Property type: apartment
• Bedrooms: 2
• Size: 876 sq ft (agent-stated)
• Asking price: AED 1,760,000
• Stated original price: AED 1,900,000
• Saving: AED 140,000 (7.4%)
• Price per sq ft: about AED 2,009
• Floor: mid floor (agent-stated)
• Occupancy: tenanted at AED 106,000 per year, one cheque, until November 2026 (agent-stated)
• Gross yield at current rent: about 6.0%
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

The brief lists AED 1,900,000 as the original price and AED 1,760,000 as the selling price. The difference is AED 140,000, or 7.4%, which matches the agent's stated figure of about 7.4%.

The agent's note describes the AED 1,900,000 figure as a market price, while the brief's labelled field describes it as the original price. DPF has classified the deal from the labelled original-price field; buyers should confirm the original purchase price from the title deed or SPA. No dated DLD transaction or independent valuation was supplied.

About the Project, Developer and Community

Azizi Riviera is a large multi-building community by Azizi Developments in Meydan, Mohammed Bin Rashid City, built in phases of mid-rise residential buildings. It is planned around a 2.7 km swimmable crystal lagoon with a retail boulevard, lagoon promenade and green spaces, inspired by French Mediterranean design.

Community amenities include swimming pools, landscaped gardens, gyms, barbecue areas, children's play areas and wellness spaces.

Layout and Floor

The agent states an 876 sq ft 2-bedroom layout on a mid floor. The exact floor, view, bathrooms and parking were not supplied. Request the floor plan and title deed before a viewing.

Tenancy and Rental Income

The agent states the unit is rented at AED 106,000 a year, paid in one cheque, with the tenancy running until November 2026. At the asking price, that rent equals a gross yield of about 6.0% before service charges and other costs. Because the lease ends soon after listing, buyers should confirm whether the tenant will renew, any notice already served and the rent under the Dubai rental index before relying on the income. Request the Ejari and tenancy contract.

Location and Connectivity

Meydan sits within Mohammed Bin Rashid City, close to Al Khail Road and Meydan Road, with access towards Downtown Dubai and Business Bay. DPF has not verified specific travel times for this building.

Verification Notes

• Agent-supplied: building, community, bedrooms, size, mid floor, tenancy terms, original or market price figure and asking price.
• Calculated by DPF: AED 140,000 saving (7.4%), about AED 2,009 per sq ft and about 6.0% gross yield at current rent.
• Researched: developer, lagoon-led masterplan and community amenities from Azizi handover coverage.
• Not supplied: exact floor, view, bathrooms, parking and service charge.