Distress Deal | Azizi Reve — Tower 3 | Studio in Meydan | 20% Below OP | Direct Lagoon View — Ground Level Promenade

• Studio Apartment — Direct Lagoon Access, Azizi Developments, Al Meydan / Riviera — MBR City, Dubai, UAE — 1st floor = direct lagoon access from balcony — only available at this elevation.
• 510 sqft BUA (47.38 sqm) | 1 Covered Parking | Semi-Furnished | Direct Lagoon View — Ground Level Promenade | 1st Floor — Direct Lagoon Level
• Asking Price: AED 1,180,000 — AED 294,355 (20%) below original price of AED 1,474,355; AED 240,000 below current market value of AED 1,420,000
• Payment status: 60% paid by seller (AED 884,613); buyer assumes remaining 40% (AED 589,742) at March 2026 — Imminent
• Handover: March 2026 — Imminent | Azizi Riviera Meydan — Dubai’s largest freehold lagoon community with 2km operational crystal-clear waterway promenade

What is this Azizi Reve — Tower 3 Studio deal in Meydan?

This is a verified motivated-seller distress listing at Azizi Reve — Tower 3 by Azizi Developments in Meydan. The seller is exiting at AED 294,355 (20%) below the original purchase price of AED 1,474,355, handing the incoming buyer AED 240,000 in immediate paper equity versus the current secondary market value of AED 1,420,000. At AED 2,314/sqft, this 510 sqft Studio enters the Meydan market at a price that is AED 470/sqft below the current Meydan resale comparable of AED 2,784/sqft — a built-in discount of 16.9% from the moment of signing. Meydan recorded 4,800 DLD-registered residential transactions in 2025, up 35% year-on-year, confirming the depth of buyer liquidity that supports any future disposal.

The unit is positioned on 1st Floor — Direct Lagoon Level at Azizi Reve — Tower 3, delivering Direct Lagoon View — Ground Level Promenade. Semi-Furnished specification means the buyer benefits from the flexibility to finish the unit to their own specification while capitalising on the seller discount. Handover is scheduled for March 2026 — Imminent, with 60% of the original purchase price already paid by the seller. The buyer assumes only the remaining 40% (AED 589,742) at March 2026 — Imminent handover — providing cashflow planning runway of 12 or more months between transfer and final payment.

The seller’s exit is driven by a genuine personal liquidity need — not a change in market outlook, developer delivery risk or asset-specific concern. Having committed AED 884,613 (60% of the original price) in capital, the seller is crystallising a loss of AED 294,355 rather than holding through the remaining construction period to the March 2026 — Imminent handover. For the buyer, this is an entry at AED 2,314/sqft against a Meydan resale market of AED 2,784/sqft and new off-plan launches pricing at AED 2,100/sqft — a simultaneous discount to both current resale and future replacement cost that cannot be achieved through any direct developer channel in Meydan today.

Azizi Reve — Tower 3 Meydan — Property Specifications

• Project: Azizi Reve — Tower 3
• Developer: Azizi Developments
• Community: Al Meydan / Riviera — MBR City, Dubai
• Unit Type: Studio Apartment — Direct Lagoon Access
• BUA: 510 sqft (47.38 sqm)
• Bathrooms: 1
• Parking: 1 Covered Space
• Floor: 1st Floor — Direct Lagoon Level
• View: Direct Lagoon View — Ground Level Promenade
• Furnishing: Semi-Furnished
• Handover: March 2026 — Imminent
• Ownership Type: Freehold — Open to All Nationalities
• Listing Reference: AZIZI-REVE-T3-MEYDAN-STUDIO-DISTRESS-001

Payment Plan Breakdown — What the Buyer Takes Over

• 60% Already Paid by Seller: AED 884,613 — seller has paid 60% of the original purchase price of AED 1,474,355 to Azizi Developments across multiple installments
• Buyer Transfer Payment to Seller (at MOU): AED 590,258 — buyer pays seller the agreed price minus the outstanding handover installment at MOU execution
• DLD Registration Fee (4% of Selling Price): AED 47,200 — mandatory property transfer fee paid by buyer directly to DLD at novation registration
• Developer NOC and Transfer Fee (Azizi Developments): approx. AED 5,000–6,500 — standard developer No Objection Certificate and administrative fee
• 40% Final Installment — On Handover (March 2026 — Imminent): AED 589,742 — final payment due directly to Azizi Developments at unit handover, assumed by buyer on novation
• TOTAL ALL-IN BUYER COST: AED 1,232,700 (purchase price AED 1,180,000 + DLD AED 47,200 + NOC approx.). Zero agent fee for buyer.

The transfer process works via a Azizi Developments-approved novation: the seller is legally replaced on the original SPA by the new buyer with the developer’s written consent. The seller first obtains a No Objection Certificate from Azizi Developments confirming no arrears or disputes; both parties execute an MOU with a 10% escrow deposit of AED 118,000; Azizi Developments, the seller and the buyer sign the novation SPA; the buyer registers at the Dubai Land Department and pays the 4% DLD fee of AED 47,200 directly. The buyer then assumes the final 40% installment of AED 589,742 due at March 2026 — Imminent handover. DistressPropertyFinder.com coordinates the full process — from initial documentation review and NOC procurement through to DLD title registration.

Pricing Analysis — Why This is a Deal in 2026

• Original Purchase Price (OP): AED 1,474,355
• DLD Registration Fee (4%): AED 47,200
• Total Original Cost (OP + DLD): AED 1,521,555
• Seller’s Asking Price: AED 1,180,000
• Seller’s Loss vs OP: AED 294,355 (20%) — genuine cash loss, not a paper adjustment
• Current Meydan Market Value: AED 1,420,000
• Buyer’s Day-One Unrealised Equity: AED 240,000 (20.3% of acquisition price)
• This Listing — Price per Sqft: AED 2,314/sqft
• Meydan Current Resale Market — Price per Sqft: AED 2,784/sqft (source: Azizi Riviera studio current market AED 1.42M)
• New Off-Plan Launches in Meydan (2025–2026): AED 2,100+/sqft
• Estimated Gross Rental Yield at Asking Price: 4.9%–6.6% p.a.
• Estimated Annual Rent (Mid-Range): AED 66,000/yr
• Estimated Annual Service Charge: AED 10,000/yr
• Total All-In Acquisition Cost (Price + DLD): AED 1,227,200
• Agent Fee for Buyer: Zero

At AED 2,314/sqft, this unit sits AED 470/sqft (16.9%) below the current Meydan secondary market average and AED -214/sqft below comparable new off-plan launches — meaning any buyer entering through a developer channel today would pay materially more for an equivalent Meydan address with a 2–3 year construction wait and no existing owner discount. At a gross rental yield of 5.6% on the mid-range annual rent estimate of AED 66,000, this unit provides AED 56,000/yr net of service charges on a day-one basis — before any capital appreciation across the March 2026 — Imminent hold period is factored in.

Meydan Location — Why This Community Matters

Meydan (Al Meydan Road corridor including Azizi Riviera) is MBR City’s most affordable freehold residential zone, anchored by the 2km crystal lagoon developed by Azizi, Nakheel and Meydan Group. Azizi Riviera alone comprises 71 residential buildings along the lagoon promenade, making it Dubai’s largest single-developer lagoon community. The area offers Dubai’s highest apartment rental yields for investors willing to sacrifice Downtown proximity for yield maximisation.

Al Khail Road provides 12-minute access to Downtown. Meydan One Mall (700,000 sqm, under construction) will be the world’s largest indoor ski slope when complete. The Meydan Racecourse (host of Dubai World Cup) is adjacent. TECOM Group’s Meydan One district will triple retail and F&B density by 2027.

Azizi Riviera studios achieve AED 55,000-75,000/yr in annual leases with consistently low vacancy due to the unique lagoon lifestyle amenity. Fully furnished 1BR lagoon-view units (Riviera Azure) are achieving AED 85,000-115,000/yr. The Meydan/Riviera community’s 2km lagoon promenade — operational since 2022 — has become a structural rental driver, with occupancy rates consistently above 92% per REDIN data.

Meydan recorded 4,800 transactions in 2025, up 35% year-on-year — one of the fastest-growing sub-markets in Dubai by volume. Azizi Riviera is the only large-scale operational lagoon community in Dubai with ready inventory available below AED 1.5M, giving it unique demand from both resident buyers and yield-focused investors. New Azizi launches in the corridor are pricing at AED 1,900-2,400/sqft, confirming these distress units at AED 1,544-2,438/sqft offer genuine value.

Meydan Distances & Connectivity

• Meydan Racecourse: 3 km — Entertainment & Events
• Dubai Mall: 12 km — Shopping & Entertainment
• Downtown Dubai: 12 km — Urban District
• Burj Khalifa: 13 km — Iconic Landmark
• Dubai International Airport DXB: 18 km — International Airport
• Meydan One Mall (Under Construction): 2 km — Future Mega Mall
• DIFC: 15 km — Financial Centre
• Dubai Creek Harbour: 10 km — Waterfront District

Azizi Reve — Tower 3 — Building & Amenities

• Direct Lagoon Swimming and Promenade Access from 1st Floor
• Fully Equipped Gymnasium
• Community Lagoon — 2km Crystal-Clear Waterway
• 24-Hour Concierge and Security
• Covered Parking (1 Space)
• Kids Play Area
• BBQ and Outdoor Terrace
• Jogging and Cycling Path (Lagoon Perimeter)
• Landscaped Riviera Promenade Gardens
• High-Speed Lifts
• Retail and Cafes at Podium Level
• Azizi Riviera Retail Hub (Phase 1 Operational)

Who Should Buy This Azizi Reve — Tower 3 Studio in Meydan?

1. The Capital-Efficient Below-Market Investor: You have been tracking Meydan fundamentals and seeking a distress entry below current resale pricing. At AED 2,314/sqft versus market AED 2,784/sqft and new off-plan at AED 2,100/sqft, this unit provides AED 240,000 in day-one unrealised equity — a 20.3% immediate paper return. Azizi Developments’s construction milestone system and RERA-regulated escrow account de-risk the March 2026 — Imminent handover. At a conservative AED 66,000/yr annual rent post-handover, gross yield of 5.6% compares favourably with European prime residential at 2-4%.
2. The End-User Buyer or Lifestyle Purchaser: You are currently renting in Meydan or a neighbouring community and want to own rather than lease. Typical Studio rents in Meydan range from AED 58,000 to AED 78,000/yr — meaning you have already paid the equivalent of this acquisition in 14–18 months of rent. At AED 1,227,200/yr all-in (including DLD, zero agent fee), ownership of a 510 sqft Semi-Furnished Studio with Direct Lagoon View — Ground Level Promenade delivers both lifestyle value and equity accumulation that renting cannot replicate. Handover in March 2026 — Imminent aligns with most standard lease renewal cycles, enabling a seamless transition from tenant to owner.
3. The Portfolio Diversifier and Institutional Acquirer: You already hold property in a mature Dubai sub-market and are seeking a high-conviction, below-replacement-cost position in Meydan to diversify your income base. Azizi Developments’s brand provides institutional-quality exit liquidity at any future disposal — secondary buyers recognise the developer premium and price accordingly. The AED 240,000 built-in equity provides a meaningful margin of safety against short-term market softening, while the semi-furnished specification allows cost-controlled customisation with the discount providing the capex budget. Meydan’s 4,800 annual transactions (2025) confirm strong liquidity depth for a future exit at any timeline.

How to Acquire This Azizi Reve — Tower 3 Unit — Step by Step

1. Express Interest (Day 0): Contact Distress Property Finder quoting listing reference AZIZI-REVE-T3-MEYDAN-STUDIO-DISTRESS-001. We share full SPA, all payment receipts (AED 884,613 confirmed to Azizi Developments), unit floor plan and title deed extract within 24 hours.
2. Documentation Review (Day 1–3): Examine the original SPA with Azizi Developments, DLD registration certificate, all installment payment receipts, and current building progress report. Independent legal review via a UAE-registered conveyancer is recommended.
3. Sign MOU — Form F (Day 3–7): Execute the Memorandum of Understanding with the seller. A 10% deposit of AED 118,000 is held by a DLD-registered trustee in escrow pending NOC.
4. Obtain Azizi Developments NOC (Day 7–17): DistressPropertyFinder.com submits the novation application to Azizi Developments. NOC is typically issued within 5–10 business days. Developer NOC and transfer fee of approximately AED 5,000–6,500 applies.
5. Execute Novation SPA (Day 15–20): Azizi Developments, the seller and the buyer sign the novation SPA. The buyer is now the registered purchaser on the Azizi Developments SPA for the remaining 40% at March 2026 — Imminent handover..
6. Dubai Land Department Registration (Day 17–22): Both parties attend DLD (or authorise a licensed registered agent). Buyer pays DLD registration fee of AED 47,200 (4% of selling price) directly to DLD. Title deed issued: 1–3 business days.
7. Final Payment to Seller (Day 17–22): Buyer pays AED 590,258 to the seller at DLD registration. MOU escrow deposit is credited against this amount.
8. Monitor Construction and Prepare for Handover (Post-Transfer): Buyer monitors Azizi Developments construction updates and prepares AED 589,742 (40%) for March 2026 — Imminent handover. DistressPropertyFinder.com manages the full process from MOU to title deed.