Azizi Greenfield
✓ Resale Available

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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 70,982 / year
Cash-on-Cash
1.8%
Levered cashflow AED 16,697
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 106,925 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Azizi Greenfield launch basis1,828AED 1.65MCurrent launch / asking basis
Meydan (Nad Al Sheba 1) ready-stock comps1,700AED 1.53MIndicative resale benchmark
Meydan (Nad Al Sheba 1) premium peer launches2,100AED 1.89MNew-launch peer set
Trophy alternative proxy2,600AED 2.34MHigher-end anchor for negotiation context

Gallery

Azizi Greenfield — View 2
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Azizi Greenfield official render 1

Azizi Greenfield official render 1

Azizi Greenfield official render 2

Azizi Greenfield official render 2

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Azizi Greenfield official render 3

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Azizi Greenfield official render 5

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Azizi Greenfield official render 7

Azizi Greenfield official render 8

Azizi Greenfield official render 8

Astraterra Properties

Official Documents

Download official marketing materials from Azizi Developments.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Flexible Payment

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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 Racecourse — 2 mins
Downtown Dubai — 10 mins
Dubai Mall — 12 mins
Business Bay — 8 mins
Meydan (Nad Al Sheba 1)Meydan (Nad Al Sheba 1)Dubai, UAE

Developer Track Record

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

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Official render/gallery images available

Available for Resale

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

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

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