Azizi Wasel
Off-Plan

Azizi Wasel

From AED 1.69M·Handover Jun 2027·10% down payment Payment
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AED 1.69M
Starting Price
Jun 2027
Handover
10% down payment
Payment Plan
Retail · 1 BR
Type

Project Overview

Azizi Wasel is a luxury coastal high-rise development by developer Azizi Developments in Dubai Islands. The building comprises three basement levels, a ground floor, thirteen residential floors, and a roof. Thoughtfully designed interiors and exteriors inspired by the beauty of the island provide sophistication, comfort, and tranquillity to residents. The project features spacious studios, one-, two-, and three-bedroom apartments, and tree- and four-bedroom penthouses. Residents of Azizi Wasel can enjoy a wide range of amenities, including a barbecue area, gym, jogging tracks, sports ground, children's entertainment center, and on-site shops, bars, and restaurants. Ample car parking and 24-hour security ensure maximum comfort and security for residents. Conveniently located, Azizi Wasel has easy and quick access to many of the city's attractions and infrastructure. For instance, Waterfront Market is just 5 minutes away, Port Rashid is 12 minutes away, Dubai Hospital is 12 minutes away, Dubai International Airport and Dubai Frame can be reached in 15 minutes, and City Centre Deira is 20 minutes away. Designed for modern comfort and convenience, Azizi Wasel creates the perfect balance between urban energy and coastal tranquillity.

Project Specifications
DeveloperAzizi Developments
LocationDubai Islands
Unit TypesRetail, 1 BR, 2 BR, 3 BR, 4 BR, Apartments, Penthouse, Commerce
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 72,837 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,133
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 109,720 / 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 Wasel launch basis1,876AED 1.69MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Azizi Wasel official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Azizi Developments.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Azizi Wasel — 1 Bedroom Floor Plan

Amenities & Lifestyle

Cinema
Club house
Kids Play Area
Parking
Retail outlets
Security and CCTV
Shared Pool
Shared gym

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

Azizi Wasel by Azizi Developments

02

Located in Dubai Islands

03

Starting from AED 1,688,000

04

Unit mix includes Retail, 1 BR, 2 BR, 3 BR

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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