Studio in Azizi Milan 9, City of Arabia – 6.5% Below Original Cost, Floor 15+

Property Overview

This studio apartment in Azizi Milan 9, City of Arabia, Wadi Al Safa 4, Dubai, is offered at AED 565,000 for 316.78 sq ft of built-up area. The asking price is AED 39,240 (6.5%) below the seller's stated original cost of AED 604,240, a figure the agent says includes DLD fees. The unit is on floor 15 or above, AED 274,500 is payable to the seller, and handover is stated for Q4 2028.

Property Highlights

• Property type: Studio apartment
• Built-up area: 316.78 sq ft
• Asking price: AED 565,000
• Original cost including DLD (agent-stated): AED 604,240
• Saving versus original cost: AED 39,240 (6.5%)
• Asking rate: approximately AED 1,784 per sq ft
• Payable to seller: AED 274,500 (agent-stated)
• Floor: 15 or above (agent-stated)
• Handover: Q4 2028 (agent-stated)
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

The agent brief states an original cost of AED 604,240, including DLD, and an asking price of AED 565,000. DPF calculates the difference as AED 39,240, or 6.5% of the original cost. Dividing the asking price by 316.78 sq ft gives an asking rate of about AED 1,784 per sq ft.

If the original cost includes the standard 4% DLD fee, the original purchase price alone works out to about AED 581,000, and the asking price is about AED 16,000 (2.8%) below that. The asking price is therefore below the original purchase price on either basis. The benchmark is the seller's original cost as supplied in the agent brief received on 15 October 2026, not a DLD transaction record or independent valuation.

How the Payment to the Seller Works

The agent states AED 274,500 is payable to the seller. On a total price of AED 565,000, that leaves about AED 290,500 still due to the developer. Based on an original purchase price of about AED 581,000, this implies the seller has paid roughly AED 290,500 (about 50.0%) to Azizi. The buyer would also pay a new DLD transfer fee, about AED 22,600 at 4% of the asking price, plus agency and trustee fees. These are DPF illustrations only; confirm every figure with the Azizi statement of account.

About the Project, Developer and Community

Azizi Milan is a large mixed-use master development by Azizi Developments within City of Arabia in Wadi Al Safa 4, Dubailand, on Sheikh Mohammed Bin Zayed Road. Unveiled in April 2025, it is planned as a multi-building community with residential towers, hotels, a large mall, retail and office space, schools, mosques, parks and wellness facilities. Published information indicates the scheme is at an early stage, so timelines and amenities should be confirmed with the developer.

Layout, Floor and View

The agent confirms a 316.78 sq ft studio on floor 15 or above in building 9. The exact floor, view, bathroom layout and parking were not supplied, and DPF has not assumed them. Request the floor plan and Oqood to confirm the unit details.

Payment Plan and Handover

The agent states handover in Q4 2028. The developer's remaining instalment schedule was not supplied. Buyers should obtain the SPA, Oqood and statement of account, confirm when the remaining balance falls due, and check Azizi's NOC and resale transfer conditions before paying a deposit.

Location and Connectivity

City of Arabia lies on Sheikh Mohammed Bin Zayed Road in Dubailand, and published project information refers to a planned Dubai Metro Blue Line station nearby. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: building, community, property type, size, original cost including DLD, asking price, amount payable to seller, floor 15 or above and Q4 2028 handover.
• DPF-calculated figures: saving amount and percentage, price per sq ft, the excluding-DLD comparison, developer balance, implied amount paid and new DLD fee.
• External research: general Azizi Milan facts from published project information, not unit-specific records.
• Not supplied: unit number, exact floor, view, parking and instalment schedule.