Full Lagoon View Studio at Azizi Venice, Dubai South, 6.8% Below OP

Property Overview

This off-plan studio at Azizi Venice in Dubai South is offered at AED 699,000 for 345 sq ft, about AED 2,026 per sq ft. The asking price is AED 51,000, or 6.8%, below the agent-stated original purchase price of AED 750,000. The agent states a full lagoon view, 50% already paid and the remaining 50% due on handover in December 2026.

Property Highlights

• Property type: studio apartment
• Size: 345 sq ft (agent-stated)
• Asking price: AED 699,000
• Original purchase price: AED 750,000 (agent-stated)
• Saving: AED 51,000 (6.8%)
• Price per sq ft: about AED 2,026
• View: full lagoon view (agent-stated)
• Amount paid: 50%, with 50% due on handover (agent-stated)
• Handover: December 2026 (agent-stated)
• Developer: Azizi Developments

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 750,000 and an asking price of AED 699,000. The difference is AED 51,000, which is 6.8% of the original price.

With 50% of the original price still due to Azizi on handover, a buyer would typically settle the seller's paid share and take over the remaining balance. Confirm the exact split, the amount paid and the handover balance from the SPA and Azizi statement of account. The comparison is against the seller's own purchase price, not a dated DLD transaction or independent valuation.

About the Project, Developer and Community

Azizi Venice is a large Venetian-inspired master community by Azizi Developments in Dubai South, beside Emirates Road. It is planned with around 100 mid-rise apartment buildings and more than 200 villas and mansions across about 24 million sq ft, offering studios to 3-bedroom apartments.

The community centres on a crystal lagoon and a temperature-controlled boulevard, and is planned to include the Azizi Opera house, schools, healthcare facilities, a waterpark and fitness amenities. Project references list expected handover in Q4 2026.

Layout, Floor and View

The agent states a 345 sq ft studio with a full lagoon view. The building number, floor and parking were not supplied. Request the floor plan and SPA unit details before an offer.

Payment Plan and Handover

The agent states 50% has been paid and the remaining 50% is due on handover in December 2026, consistent with the project's expected Q4 2026 handover. Confirm the handover date, the balance amount and Azizi's resale conditions in the SPA.

Location and Connectivity

Dubai South is the district around Al Maktoum International Airport, which Dubai is expanding as its future main airport, with Expo City Dubai nearby. Azizi Venice sits beside Emirates Road. DPF has not verified specific travel times for this building.

Verification Notes

• Agent-supplied: project, unit type, size, lagoon view, 50% paid, handover, original price and asking price.
• Calculated by DPF: AED 51,000 saving (6.8%) and about AED 2,026 per sq ft.
• Researched: developer, masterplan scale, lagoon and community amenities and expected handover from project references.
• Not supplied: building number, floor, parking and service charge.