Azizi Greenfield — project image
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Azizi Greenfield

From AED 1.65M·Completed Mar 2019·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 1.65M
Starting Price
Mar 2019
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
2 BR · Apartments
Type

Project Overview

Azizi Greenfield is an elegantly designed 6-story complex development located at the centre of the extensive Meydan Avenue project developed by Azizi Developments. The project comprises 96 1-2 bedroom residences of varying sizes with balconies, excellent layouts and contemporary design. The development boasts an exclusive textured façade and areas of greenery within the building. The Azizi Greenfield building is surrounded by landscaped gardens and pools, retail space and amenities such as a gym and pool, sauna and spa centre, children's playground and jogging tracks. The complex has a car park and 24-hour security. Transport accessibility of Azizi Greenfield complex is ensured by its proximity to the Al Ain motorway. Children of residents can reach Rashid School For Boys in 20 minutes. The same amount of time is spent travelling to Latifa School for Girls. Cafes and restaurants such as HOLA ROOFTOP, OUMSIAT, MOOD Rooftop Lounge, Iris Meydan, etc. are all within a 20-minute drive from the complex. The Business Bay business district is a 25-minute drive away. Residents can reach Downtown Dubai in 15 minutes. Azizi Greenfield at Meydan Avenue is a 15-minute drive from Azizi Greenfield at Meydan Avenue to the Palm Jumeirah artificial island. It takes the same amount of time to reach Jumeirah Beach. Dubai International Airport (DXB) is a 20-minute drive from the building.

Project Specifications
DeveloperAzizi Developments
LocationMeydan (Nad Al Sheba 1)
Unit Types2 BR, Apartments
AreaMeydan (Nad Al Sheba 1)
OwnershipFreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 70,982 / year
Cash-on-Cash
2.2%
Levered cashflow AED 16,697
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 756,700 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Covered Parking
Jogging tracks
Kids Play Area
Landscaped garden
Leisure areas
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Walking paths

Location

Meydan (Nad Al Sheba 1)

Nearby Destinations

Meydan (Nad Al Sheba 1)

Developer and Project Facts

01

Azizi Greenfield by Azizi Developments

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 1,645,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Mar 2019

06

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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