Studio with Direct Lagoon Access in Azizi Riviera Reve Tower 3, Meydan

Property Overview

This semi-furnished studio in Azizi Riviera Reve Tower 3, Meydan, sits on the first floor with direct access to the lagoon. It is offered as a distress resale at AED 1,085,000 against an agent-stated original purchase price of AED 1,474,355, which is AED 389,355 or 26.4% below OP. The studio measures 47.37 sq m (about 510 sq ft) and includes one parking space.

Property Highlights

• Property type: Apartment (studio)
• Built-up area: 47.37 sq m (approx. 510 sq ft)
• Asking price: AED 1,085,000
• Original purchase price: AED 1,474,355 (agent-stated)
• Saving vs OP: AED 389,355 (26.4%)
• Price per sq ft: approx. AED 2,127 (calculated)
• Floor: First floor with direct lagoon access (agent-stated)
• Furnishing: Semi-furnished (agent-stated)
• Parking: 1 space
• Handover: July 2026 (agent-stated)
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 1,474,355 and an asking price of AED 1,085,000. The difference is AED 389,355, which is 26.4% of the original price.

Calculation

• AED 1,474,355 minus AED 1,085,000 = AED 389,355
• AED 389,355 / AED 1,474,355 = 26.4% below OP
• AED 1,085,000 / 510 sq ft = approx. AED 2,127 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA, so buyers should confirm whether the stated OP includes any fees or premiums.

About the Project, Developer and Community

Azizi Riviera Reve is a three-tower residential project by Azizi Developments within Azizi Riviera at Meydan One. Published building information lists studio to three-bedroom apartments, with amenities including a crystal lagoon with deck and sun loungers, gym, tennis court, retail and dining outlets, barbecue area, covered parking, valet and 24-hour security.

Azizi Riviera is a large waterfront residential community in Meydan, planned along a canal and lagoon with retail at street level.

Layout, Floor and View

The agent confirms a 47.37 sq m (about 510 sq ft) studio on the first floor with direct lagoon access, offered semi-furnished with one parking space. The bathroom count and the furniture included were not supplied and should be confirmed during viewing.

Handover Status

The agent lists handover as July 2026. As that date has passed, buyers should confirm whether the building has been handed over, whether the unit is ready to move into, and whether any balance remains payable to Azizi before transfer, together with Azizi's NOC requirements.

Location and Connectivity

Meydan sits beside Al Khail Road and Meydan Road, with road connections towards Downtown Dubai, Business Bay, Ras Al Khor and Dubai International Airport. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project, Tower 3, studio, 47.37 sq m BUA, OP AED 1,474,355, asking price AED 1,085,000, first floor with direct lagoon access, semi-furnished, one parking space and July 2026 handover.
• Calculated by DPF: sq ft conversion, savings amount, savings percentage and price per sq ft.
• External research: developer, three-tower layout, unit size range and amenities.
• Not supplied: current completion status, bathrooms, amount paid, payment plan and service charge.