Ready for Handover | 11.6% Return | Lagoon Facing

Property Type:

Retail

Property Size:

292 sqft / 27 sqm

Bathrooms:

none

1,150,000 AED

Own this from just

4,800 AED/month

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Location

Azizi Riviera 22

Dubai, Meydan, Meydan One

Agent

Samuel Tshepo Maubane

NEO REALTY REAL ESTATE BROKER

(10 Properties)

Residential Insights

Azizi Riviera 22

Community Insights

Meydan

4.3/56 building reviews

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Description

Premium Investment in Azizi Riviera with Scenic Views

Property Details:

For AED 1,150,000, acquire a 292 sq ft retail unit in Azizi Riviera, a stone's throw from Dubai Downtown. It boasts lagoon views with the Burj Khalifa and Business Bay skyline in the backdrop, ideal for diverse retail ventures.

Vibrant Neighborhood

Azizi Riviera isn't just a residential space; it's a bustling community with 69 buildings offering ground-level retail opportunities. This unit's lagoon-facing aspect and view of Dubai's iconic skyline enhance its allure.

Select Customer Base

Situated in a lively area with over 20,000 residents and close to upscale locales like Sobha Hartland, this retail space is primed for a high-end clientele, ensuring consistent footfall.

Financial Snapshot

- Leasing Rate: AED 400/sqft
- Annual Gross Income: AED 116,000
- Operating Expenses: None (triple net lease)
- Net Income: AED 116,000
- Net Yield: 11.6% on initial investment

Strategic and Scenic Opportunity

This retail unit is more than a property; it's a strategic investment in a prime location, offering a steady income and an attractive ROI against Dubai's magnificent skyline. Azizi Riviera presents an opportunity in a rapidly evolving urban center.