Property Overview
A studio apartment in Azizi Venice (Unit 7E), Dubai South by Azizi Developments at AED 470,000 for 345 sqft, equalling AED 1,362 per sqft. 2.1% below the original price of AED 480,000, saving AED 10,000. Road view. Low floor. 50/50 payment plan. Off-plan.
Property Highlights
- Type: Studio apartment
- Size: 345 sqft
- Unit: 7E
- Asking price: AED 470,000
- Original price: AED 480,000
- Saving: AED 10,000 (2.1%)
- Rate: AED 1,362 per sqft
- View: Road
- Floor: Low
- Payment: 50/50 (50% construction, 50% handover)
- Handover: Not stated
Below OP Analysis
The discount from OP is nominal at AED 10,000 (2.1%). This is not a deep distress discount. However, the OP itself (AED 480,000 at AED 1,391 per sqft) represents early-phase pricing that is significantly below current market rates in Azizi Venice.
DLD Transactions (Studios)
- Venice 10 Building B: AED 480,000 for 345 sqft (August 2026, AED 1,391 per sqft)
- Venice 10 Building B: AED 667,000 for 345 sqft (August 2026, AED 1,933 per sqft)
- Venice 6 Building F: AED 730,000 to AED 745,000 for 354 sqft (June to August 2026, AED 2,063 to AED 2,104 per sqft)
- Venice 14 Building B: AED 599,000 to AED 620,000 for 360 to 390 sqft (July to August 2026, AED 1,591 to AED 1,707 per sqft)
The OP of AED 480,000 matches an actual DLD transaction in Venice 10 Building B, confirming it as a genuine purchase price. Current transactions range from AED 1,391 to AED 2,104 per sqft, with the AED 1,362 per sqft selling price at the bottom of the range. The buyer gets below-market entry, but this reflects the seller's early purchase timing rather than a substantial discount.
Active Listings (Studios)
Bayut shows over 100 studio listings in Azizi Venice ranging from AED 465,000 (community view) to AED 890,000 (premium view and floor). At AED 470,000, this unit is near the bottom of the active range, consistent with its road view and low floor attributes.
Road View and Low Floor
Road view and low floor are the least desirable combination in Azizi Venice. The project's value proposition centres on the 18 km crystal lagoon. Lagoon-view studios command premiums of AED 100,000 to AED 260,000 over road-view units of similar size. A low floor further limits the view and may face noise from internal roads or construction activity. Buyers should view the unit in person to assess the actual outlook.
Payment Plan
The 50/50 plan means 50% during construction and 50% on handover. The buyer assuming this assignment needs to confirm how much the seller has paid to Azizi and how much transfers to the buyer as a remaining obligation. At the OP of AED 480,000, the 50% handover payment would be AED 240,000. The buyer's total outlay is AED 470,000 to the seller plus the remaining developer payments, plus DLD and agency fees.
About Azizi Venice
A large-scale residential community by Azizi Developments in Dubai South, comprising approximately 100 mid-rise buildings with over 15,000 apartments. Features an 18 km crystal lagoon network, artificial beaches with waves, a 700 m temperature-controlled retail boulevard (Azizi Boulevard) and planned amenities including a 1,500-seat opera house, two five-star hotels, schools and a hospital. Construction is at various stages (23% to 66% complete across different buildings). Located in Dubai South near Al Maktoum International Airport. Car-dependent with no metro access. Drive times: Dubai Marina 30 to 40 minutes, Downtown Dubai 40 to 45 minutes.
Verification Notes
The asking price, OP, size, road view, low floor and 50/50 plan are from the agent brief. The 345 sqft is a confirmed studio size in Azizi Venice. The OP of AED 480,000 matches a DLD transaction in Venice 10 Building B. The 2.1% saving is verified (10,000 divided by 480,000). Handover date and specific Venice building number are not stated. The 50/50 payment split requires verification of what has been paid. Buyers should confirm the specific building, construction status, exact payment schedule and expected handover date.
