Azizi Park Avenue Property Development By Azizi Developments

Last Updated on: 19th November 2024, 10:06 am

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Azizi Park Avenue represents a prestigious property development by Azizi Developments, announcing a commitment to redefine modern luxury living in Dubai. Nestled in the desirable Mohammed Bin Rashid City, this project features contemporary low-rise residential buildings designed with elegance and comfort in mind. The development boasts luxury apartments, including well-appointed 1 and 2-bedroom options, catering to various lifestyle needs and preferences. With spacious layouts, the apartments range from 584 to 1,484 sqft, providing generous living spaces for homeowners and investors alike. Being ideally located, residents have easy access to major attractions such as Downtown Dubai and Meydan One Mall, enhancing the living experience. With the project currently under construction, the demand for housing in this thriving community is expected to increase significantly, positioning Azizi Park Avenue as a promising opportunity in the dynamic realm of Dubai real estate. Interested buyers can find more information from the Azizi Developments website¹.

Key Takeaways

• Azizi Park Avenue offers modern 1 and 2-bedroom apartments in MBR City.
• Residents can enjoy luxurious amenities and proximity to key destinations.
• The project features a payment plan with a 10% down payment at launch.
• Estimated rental yields for 2-bedroom apartments stand at 7%.
• The largest 1-bedroom apartment spans 1,047 sqft, while the largest 2-bedroom measures 1,484 sqft.
• Recent sales show a 1-bedroom apartment was sold for 1,038,060, while a 2-bedroom went for 1,285,000.
• Azizi Park Avenue exemplifies high-end living in Dubai’s rapidly evolving real estate market.

Overview of Azizi Park Avenue

Azizi Park Avenue stands out in the vibrant landscape of Meydan City, offering a perfect blend of comfort and luxury in its one and two-bedroom apartments. The property, comprising approximately 96 units, is tailored for modern lifestyles, resonating well with anyone searching for a prime location infused with attractive residential features. The residential tower is a five-story building that embodies gracious living while ensuring easy access to a plethora of amenities and attractions in Dubai.

Prime Location in MBR City

Located in the heart of Mohammed Bin Rashid City, Azizi Park Avenue enjoys a prime location that is just a short drive from Downtown Dubai, easily accessible in about 12 minutes². Residents appreciate the convenience of having the Meydan Racecourse nearby, which hosts the prestigious Horse Racing World Cup every year². Key spots such as Meydan One Mall and the Meydan Grandstand are merely a two-minute drive away, offering a seamless connection to exceptional dining, shopping, and entertainment experiences³.

Residential Features

The apartments at Azizi Park Avenue are designed with modern residential features that prioritize comfort and style. Ranging from 42 m² to 68 m², these well-appointed spaces boast stunning views of the Dubai skyline and lush surroundings². The design incorporates warm natural shades and wooden elements, creating an inviting ambiance that encourages relaxation and peace at home².

Modern Amenities for a High-End Lifestyle

This development offers an impressive array of modern amenities designed for a high-end lifestyle. Residents have access to a swimming pool, fully-equipped exercise centers, saunas, steam rooms, and round-the-clock security, which collectively enhance living experiences³. Outdoor terraces with sun loungers and landscaped green spaces for walking and jogging create an inviting atmosphere². The seamless combination of these amenities contributes to a luxury living experience that attracts many looking to settle in one of Dubai’s most sought-after locations.

Investment Opportunities at Azizi Park Avenue

The dynamic Dubai real estate market is experiencing a remarkable spike in demand, especially for luxury residences. Azizi Park Avenue emerges as a compelling choice for investors, catering to both local and international buyers. Located in the highly sought-after MBR City, this development offers a unique blend of premium amenities, making it an attractive option for high-end living.

Growing Demand in Dubai Real Estate

With the ongoing evolution of MBR City as a pinnacle of lifestyle and luxury, investment opportunities continue to expand. Savvy investors can anticipate lucrative returns in properties like Azizi Park Avenue, characterized by average annual rental yields of AED 80,000 for long-term rentals and AED 100,000 for short-term rentals, highlighting strong investment potential⁴.

High-End Living Experience

Residents of Azizi Park Avenue are treated to a luxurious living experience, complete with stunning city views, state-of-the-art gymnasiums, infinity pools, and well-maintained leisure facilities. The combination of these features is paramount for those seeking a lifestyle that embraces both relaxation and activity. Furthermore, the investment’s return on investment (ROI) stands impressively at 8.69% for long-term rentals and 9.2% for short-term rentals, further solidifying its attractiveness⁴.

Construction Progress and Future Prospects

As of October 2023, the construction progress of Azizi Park Avenue II stands at an impressive 98%, with the development on track for completion in Q4 2023. This swift construction trajectory not only assures prospective investors of timely occupancy but also amplifies confidence in the property’s market value, with current pricing reflecting a significant markup from the original cost in September 2021 of AED 1,038,000, now positioned at AED 1,200,000. Potential buyers can seize savings compared to the market price, with properties available for AED 920,000, offering savings of AED 280,000⁴.

Conclusion

Azizi Park Avenue by Azizi Developments emerges as a remarkable option within the bustling Dubai real estate market. Boasting a prime location, the project features luxury apartments enriched with exquisite residential attributes and modern amenities designed for a sophisticated lifestyle. As construction nears its completion, with the Park Avenue III project now at 95% completion and set for handover in Q1 2024, interest from potential buyers is steadily increasing⁵.

The growing demand for upscale living within MBR City ensures that Azizi Park Avenue stands out as a lucrative opportunity for investment. With a diverse range of unit types, including 1-bedroom and 2-bedroom apartments available, there is something to suit every prospective homeowner’s needs¹. Furthermore, the overall project comprises 372 residential homes and 29 retail units, showcasing a vibrant community experience.

In light of these factors, savvy investors and homebuyers alike are encouraged to explore this premium development further. By taking note of progress and unique offerings at Azizi Park Avenue, you can be part of an upscale living experience while tapping into the lucrative nature of Dubai real estate. Don’t miss the opportunity to engage with this extraordinary project as it approaches completion.

Source Links

1. https://www.propertyfinder.ae/en/new-projects/azizi-developments/azizi-park-avenue
2. https://www.axcapital.ae/offplan/detail/azizi-park-avenue
3. https://emirates-estates.com/azizi-properties/azizi-park-avenue-3-at-meydan
4. https://projects.onday.io/azizi-park-avenue-ii/
5. https://housefinder.ae/news/park-avenue-iii-by-azizi-developments/