Studio at Azizi Venice, Dubai South – Off-Plan Resale Below Original Price Plus DLD

Property Overview

This studio apartment at Azizi Venice in Dubai South is an off-plan resale offered at AED 690,872 for 380 sq ft. The agent states an original purchase price of AED 760,000, putting the asking price AED 69,128 (9.1%) below OP and 12.6% below OP plus the 4% DLD fee. AED 219,005 has been paid, with AED 510,995 remaining and handover stated for October 2027.

Property Highlights

• Asking price: AED 690,872
• Original purchase price (agent-stated): AED 760,000
• Saving versus OP: AED 69,128 (9.1%)
• OP plus 4% DLD fee (calculated): AED 790,400
• Saving versus OP plus DLD: AED 99,528 (12.6%)
• Built-up area: 380 sq ft
• Rate: approximately AED 1,818 per sq ft
• Paid to date (agent-stated): AED 219,005
• Remaining (agent-stated): AED 510,995
• Handover (agent-stated): October 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 760,000, from the agent brief received on 14 October 2026. The asking price of AED 690,872 is AED 69,128 lower, equal to 9.1% of OP. The agent describes the deal as below OP plus DLD. Adding the standard 4% DLD fee (AED 30,400) gives AED 790,400, so the asking price is AED 99,528 (12.6%) below that combined cost. Dividing the asking price by 380 sq ft gives about AED 1,818 per sq ft.

This compares the price only with the seller's own purchase cost. It is not a claim that the studio is below current market value.

About the Project, Developer and Community

Azizi Venice is a large lagoon-front mixed-use community by Azizi Developments in Dubai South. The developer plans more than 36,000 residential units across over 100 apartment buildings, plus luxury mansions. These are set around a swimmable desalinated lagoon with sandy beaches, alongside a cultural district that includes an opera house. In May 2026 Azizi reported construction at 39% across the first 14 buildings, with individual phases ranging from about 42% to 74%.

Layout, Floor and View

The agent describes a 380 sq ft studio. The building number, floor, view and parking have not been supplied. These should be confirmed from the SPA and unit floor plan, especially as progress varies between Azizi Venice buildings.

Payment Plan and Handover

According to the agent, the seller has paid AED 219,005 and AED 510,995 remains payable. Together these total AED 730,000, which is AED 30,000 less than the stated AED 760,000 OP. Reconcile the difference against the developer's statement of account.

If the buyer takes over the AED 510,995 developer balance, the amount payable to the seller would be about AED 179,877. This is an indicative calculation only. The agent gives handover as October 2027; confirm this in the SPA and check the progress of the specific building with Azizi.

Location and Connectivity

Dubai South is a master-planned district around Al Maktoum International Airport and the Expo City Dubai area, with road access via Sheikh Mohammed Bin Zayed Road and Emirates Road. Exact travel times have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, unit type, size, asking price, original price, amount paid, amount remaining and October 2027 handover.
• DPF-calculated figures: savings against OP and against OP plus 4% DLD, price per sq ft, and the indicative amount payable to the seller.
• External research: community scale, lagoon, cultural district and construction progress, from Azizi's May 2026 update reported by Middle East Construction News.
• Open point: the AED 30,000 gap between paid plus remaining and OP.
• Not supplied: building number, floor, view, parking, unit number and service charge.