
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Park Avenue launch basis | 1,278 | AED 1.15M | Current launch / asking basis |
| Meydan (Nad Al Sheba 1) ready-stock comps | 1,700 | AED 1.53M | Indicative resale benchmark |
| Meydan (Nad Al Sheba 1) premium peer launches | 2,100 | AED 1.89M | New-launch peer set |
| Trophy alternative proxy | 2,600 | AED 2.34M | Higher-end anchor for negotiation context |





















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Astraterra Properties
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Meydan (Nad Al Sheba 1)
Park Avenue by Azizi Developments
Located in Meydan (Nad Al Sheba 1)
Starting from AED 1,150,000
Unit mix includes 1 BR, Apartments
Expected handover: Dec 2023
Official brochure and PDF marketing materials available
Official render/gallery images available
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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