شقة في عزيزي ريفييرا 36،ريفيرا،ميدان 1 غرفة 1250000 درهم - 17170457

RENTED AT AED 65K. READY. 2 MINUTES FROM THE LAGOON.

Get into Azizi Riviera before the Crystal Lagoon opens. This 1-bedroom is ready, tenanted at AED 65,000, and mortgage-free, so it earns a 5.2% gross yield from day one. Its position puts it right where the lagoon is expected to reprice the community. . .

WHY THIS UNIT
- 2-minute walk to the lagoon, one of the closest positions in the community
- Next to the community entrance for quick access in and out
- Balcony with side lagoon view to the right, unobstructed
- Free chiller: lower running costs for tenants and stronger retention
- Tenanted: rental income from the day of transfer
- Title deed issued, not mortgaged, for a clean and fast transfer
- 1 covered parking space
- Semi-furnished: kitchen appliances included

THE TWO CATALYSTS
1. The Azizi Riviera lagoon is expected to be completed by Q2 2027. Lagoon-adjacent stock is where demand concentrates when amenities like this open.
2. The current lease runs until 20 December 2027, after the lagoon's expected completion. The renewal happens in a lagoon-open market, subject to the RERA rental index.
Buy before both milestones, not after.

THE NUMBERS
Asking price: AED 1,250,000
Price per sq ft: approx. AED 2,214
Current rent: AED 65,000 per year
Gross yield: 5.2%
Lease expiry: 20 December 2027
DLD transfer fee (4%): AED 50,000
Cash or mortgage, buyer's choice. Eligible buyers can finance up to 80% on a ready unit.

THE UNIT
- 1 bedroom, 1 bathroom
- Internal area: 513 sq ft
- Balcony: 52 sq ft
- Total area: 565 sq ft
- 2nd floor, Azizi Riviera 36
- Free chiller
- Semi-furnished: kitchen appliances included

THE COMMUNITY
Azizi Riviera is a French-Mediterranean waterfront community in Meydan One, MBR City. It has a central lagoon, retail promenade, and landscaped walkways, with quick access to Downtown Dubai and Al Khail Road.

IDEAL FOR
Investors who want a net 5.2% income-producing unit at a pre-catalyst price, with no off-plan waiting, no construction risk.