Park Avenue
✓ Resale Available

Park Avenue

From AED 1.15M·Completed Dec 2023·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 1.15M
Starting Price
Dec 2023
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
1 BR · Apartments
Type

Project Overview

Park Avenue is a three-building residential development by developer Azizi Developments, located in the Mohammed Bin Rashid City neighborhood of Dubai. Each of the buildings comprises 140 residential units — one- and two-bedroom apartments. The exteriors of the buildings feature a contemporary style that emphasizes clean lines and a minimalist approach to architecture. Park Avenue apartments feature spacious living areas, built-in walk-in wardrobes, and balconies. Each bedroom is equipped with an en-suite bathroom, creating maximum comfort for residents. The complex's amenities include covered parking, a swimming pool, a rooftop terrace, park areas, recreational areas, a gym, tennis courts, 24-hour security, and concierge service. Residents can also enjoy cycle paths, jogging tracks, a spa, central air-conditioning, a sauna, and sports courts. Park Avenue is close to many infrastructure and recreational facilities such as Fair Mart supermarket, Meydan One Mall, Qube Shisha Lounge, Iris Meydan and The Stables Dubai, North London Collegiate School Dubai and Hartland International School, Zabeel Health Centre, The Track Golf Club, Friday Cricket Ground IPL, Meydan Racecourse, Hartland Greens Park, Ras Al Khor Wildlife Sanctuary, and Jumeirah Beach. Park Avenue residents can reach Dubai Airport in 20 minutes by car.

Project Specifications
DeveloperAzizi Developments
LocationMeydan (Nad Al Sheba 1)
Unit Types1 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 49,623 / year
Cash-on-Cash
1.8%
Levered cashflow AED 11,673
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 74,750 / 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
Park Avenue launch basis1,278AED 1.15MCurrent 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

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Park Avenue official render 1

Park Avenue official render 1

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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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Floor Plans

Park Avenue — 1 Bedroom Floor Plan

Amenities & Lifestyle

Central A/C
Children’s pool
Concierge Service
Covered Parking
Jogging tracks
Kids Play Area
Leisure areas
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Social zone
Tennis court
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

Park Avenue by Azizi Developments

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 1,150,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2023

06

Official brochure and PDF marketing materials available

07

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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