Azizi Riviera Meydan One Dubai

Azizi Riviera is Azizi Developments' waterfront community in Meydan One, Mohammed Bin Rashid City — not a single tower but a mid-rise district of 71 to 75 buildings across four phases, built around a man-made lagoon and a retail promenade. It runs from studios to three-bedroom apartments, with studios of about 298 to 444 sq ft and one-bedrooms of about 474 to 771 sq ft. Entry asks start at about AED 650,000 (about Rs 1.67 crore).

This page covers the community as a whole. Most of it is finished and lived in: Azizi said in August 2025 that 53 of 75 buildings had been handed over, covering all of phases 1, 2 and 3 plus five buildings in phase 4, with the remaining 22 buildings scheduled up to Q2 2026. If you want the delivered phase on its own, read our page on Azizi Riviera Phase 3. Because Riviera is a staged community, almost every headline figure you will read about it — building count, price, handover — covers the whole development rather than the building you are actually buying. This page keeps those apart.

At a glance

Price and unit pricing

Two price levels are in print for the same community and both are real, because they are from different dates. The AED 475,000 to 550,000 studio band is launch-era off-plan pricing and is history; the AED 650,000 entry and roughly AED 776,000 average are today's asks on delivered stock. Anyone quoting you the lower band for a ready apartment is quoting the wrong year. The document that settles the price is the current listing for the specific building and unit, and then the transfer value the Dubai Land Department records.

Riviera's rate is where its case sits. About AED 1,777 per sq ft is well under the AED 2,900-plus entry a waterfront address like Rashid Yachts & Marina now quotes, and inside District 11's AED 1,200 to 2,400 range. You pay mid-market money for a lagoon-side address 15 to 20 minutes from Downtown, in exchange for small apartments and a lot of neighbours.

Payment plan and total cost

Riviera is mostly ready stock, so the plan question changes shape. On a completed apartment you pay the seller in full at transfer, or fund part of it with a UAE mortgage — banks typically lend non-residents 50% to 60% of the price. Developer payment plans apply only to whatever Azizi still holds unsold in the final phase 4 buildings; ask which building your unit is in before you assume a plan exists for it.

Budget roughly 6% to 7% over the price for the government and transaction costs on a ready purchase. The UAE charges no annual property tax on the home, and a residential sale does not attract VAT, so there is no recurring tax line; the running cost is the service charge, the chilled-water account and the utility bills.

Location and connectivity

Meydan One sits in Mohammed Bin Rashid City, where Dubai-Al Ain Road meets Sheikh Mohammed bin Zayed Road. Area guides put Downtown Dubai and the Burj Khalifa at 15 to 20 minutes by car and Dubai International Airport at about 20 minutes. There is no metro station inside the eastern MBR City cluster; the nearest stations are roughly 10 minutes away by car, so the area is car-dependent.

Inside the community the draw is the lagoon, the promenade and the street retail Azizi built along it, with GEMS Heritage and Hartland International a short drive away and Meydan Racecourse next door. The piece still missing is Meydan One Mall — over 600 shops planned, still under construction. Value it at zero until it opens.

For a new-build comparison in the same district, see Cube Residences in District 11, a 54-home furnished building from a first-time developer. Every project we track in the emirate is on all Dubai projects, and the wider list is on the projects page.

Amenities and specifications

Riviera's apartments are quoted with Bosch-fitted kitchens and standard Azizi finishes, varying by phase and building. Sizes are compact by design — a 298 sq ft studio is small, so see the actual unit rather than the floor plan.

Community amenities are the lagoon and its promenade, swimming pools and gyms in individual buildings, retail at street level and the master plan's target of more than 500 retail outlets. Parking allocation, appliance schedules and the per-building service-charge budget differ from building to building and are not published in one place. Final specification as per the sale documents for the specific unit.

About the developer

Azizi Developments is one of Dubai's largest private residential developers. It says it has delivered more than 45,000 homes since it started, completed thousands of units across 19 projects in 2024, and handed over seven projects during 2026 with around ten more targeted before December 2026.

On the record that matters — does it finish what it sells — a developer-data summary of Dubai Land Department figures puts 89.1% of Azizi's contracted units delivered on or before the DLD-registered handover date, with a 0.0% contract cancellation rate. Riviera itself is the evidence: 53 buildings handed over by August 2025 and named deliveries through that year, including Riviera 63 in March, Riviera 61 in June and Riviera 65 and 67 in July. Azizi is a volume builder, and volume shows in the finish and in how many identical apartments compete with yours, but it does deliver.

For Indian buyers

Ownership. Meydan One is freehold, open to every nationality, resident or not. The Dubai Land Department issues the title deed in your own name, there is no local partner and no residence requirement to buy. The UAE charges no annual property tax and a residential sale does not attract VAT, so the purchase cost is the 4% DLD transfer fee — AED 26,000 on a AED 650,000 studio — plus trustee, title deed and agency fees.

Remittance. Under the Liberalised Remittance Scheme an Indian resident may send USD 250,000 per person per financial year, so a couple can move USD 500,000. A AED 650,000 studio is about USD 177,000 and fits comfortably inside one person's allowance in a single year — one of the few Dubai purchases that does.

Golden Visa. The threshold is AED 2 million of property. A Riviera studio or one-bedroom does not reach it, and you should check the current rule before assuming two small apartments can be combined.

Yield and exit. One-bedroom stock in Riviera was reported at gross yields of 6.5% to 7.6% in August 2026, with the community's broader range quoted at 6% to 8%. Take the service charge off and a realistic net on a studio is around 5% to 6.5%. The tenant pool is deep and the rental market here is liquid. The trade-off is on exit: with 71 or more buildings of similar apartments, your studio is one of thousands, so price it to the market rather than to your purchase price. Rent and any capital gain are taxable in India for an Indian tax resident, with credit for UAE tax that is nil in practice.

Pros

• Mostly delivered and lived in — 53 of 75 buildings handed over by August 2025, so you can see and rent the actual apartment
• Entry at about AED 650,000 makes it one of the cheapest freehold addresses within 15 to 20 minutes of Downtown
• About AED 1,777 per sq ft in a sample building, well under waterfront communities asking AED 2,900-plus
• Reported gross yields of 6.5% to 7.6% on one-bedroom stock in August 2026, with a deep tenant pool
• Azizi's DLD-recorded delivery rate of 89.1% on or before the registered date, and a 0.0% cancellation rate
• Lagoon, promenade and street retail already built rather than promised
• A studio at about USD 177,000 fits inside one person's annual overseas remittance allowance

Cons

• Thousands of near-identical apartments compete with yours on both rent and resale
• Apartments are small — studios from about 298 sq ft — and the finish is volume-builder standard
• Sources disagree on the basic scale of the community: 71 buildings on one, 75 on Azizi's own statement
• The last 22 buildings were scheduled to Q2 2026 and no source we found confirms they are all finished
• No metro station in the cluster, and Meydan One Mall is still under construction
• A studio or one-bedroom is far below the AED 2 M Golden Visa threshold
• Service charges are not published community-wide and vary by building

Who this is for

• Yield-first investors who want a cheap, lettable freehold studio close to Downtown
• Buyers who want to inspect a finished apartment and a working community before paying
• First-time overseas buyers whose whole purchase fits inside one year's remittance allowance
• Tenants-turned-owners already living in Meydan One who know the community

Who should look elsewhere

• Buyers who want space, a quiet building or a premium finish
• Anyone buying for the AED 2 M Golden Visa at this price level
• Investors who need scarcity to drive resale, rather than volume stock
• People who want a metro-connected address or a finished mall today

Our verdict

Azizi Riviera is the simplest kind of Dubai investment: cheap freehold square footage, mostly finished, in a location that is genuinely close to Downtown, from a developer whose delivery record stands up. At about AED 650,000 for a studio and around AED 1,777 per sq ft in a sample building, the entry price is the whole argument, and the reported 6.5% to 7.6% gross yields on one-bedroom stock make the maths work. What you give up is scarcity: your apartment is one of thousands in a community of 71 or more buildings, which caps both rent growth and resale pricing power. Buy the specific building and the specific unit on its own merits, check whether it sits in a delivered phase or the tail of phase 4, and price your exit to the market rather than to your entry.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of an apartment in Azizi Riviera?

Current asks start at about AED 650,000 (roughly Rs 1.67 crore) for a studio, with an average studio ask near AED 776,000. Original off-plan studios were priced at AED 475,000 to 550,000, which is launch-era pricing and no longer available. Prices vary by building, floor and lagoon view, so check the specific unit.

Is Azizi Riviera ready to move into?

Most of it is. Azizi stated in August 2025 that 53 of 75 buildings had been handed over, covering all of phases 1, 2 and 3 plus five buildings in phase 4. The remaining 22 buildings were scheduled for completion up to Q2 2026, and no source we checked confirms that every one of them is finished — ask which building your unit is in.

How many buildings and phases are there?

Four phases. Azizi's own statement counts 75 buildings; another source describes the community as 71 buildings across four phases and 13 regions. The two figures are not reconciled by any document we found, and the number that matters to a buyer is the building, not the total.

What payment plan is available?

On delivered stock there is no developer plan: you buy from a seller and pay at transfer, or fund part of it with a UAE mortgage, for which banks typically lend non-residents 50% to 60% of the price. Developer plans apply only to unsold units in the final phase 4 buildings.

What are the service charges?

No community-wide figure is published and the rate varies by building. Meydan buildings averaged AED 14 to 18 per sq ft a year in August 2026, which on a 300 sq ft studio is roughly AED 4,200 to 5,400 before chilled water and utilities. Ask for the specific building's budget.

What rental yield does it return?

One-bedroom stock in Riviera was reported at 6.5% to 7.6% gross in August 2026, with the wider range quoted at 6% to 8%. After service charges and vacancy, a realistic net on a studio is around 5% to 6.5%. The tenant pool is deep, but so is the supply of similar apartments.

Does buying here qualify for a Golden Visa?

Not at studio or one-bedroom prices. The property threshold is AED 2 million, and entry stock here is AED 650,000 to about AED 800,000. Check the current rule with the Dubai Land Department before assuming several smaller apartments can be combined.

How is the Dubai Land Department registration handled?

Riviera is a registered development and each building carries its own DLD project record; the sources we checked do not print the individual project numbers. Verify the building on the Dubai REST app, and on a ready resale confirm the title deed and that service charges are clear before transfer.

Is Azizi a reliable developer?

On the numbers, yes. Azizi says it has delivered more than 45,000 homes, completed 19 projects in 2024 and handed over seven projects in 2026 with about ten more targeted before December. A developer-data summary of DLD records puts 89.1% of its contracted units delivered on or before the registered handover date, with a 0.0% cancellation rate.

Want current asks by building in Azizi Riviera, the service-charge budget for the one you are looking at, and rent comparables before you commit? Ask Realty Hunting and we will send them.

Compare with other Dubai projects

Also in Meydan One: Azizi Riviera Phase 3 (from AED 620,000, ready).

More by Azizi: Azizi Ruby (from AED 618,000, handover 2028), Azizi Aryan (from AED 613,000, handover 2026) and Azizi Milan (from AED 586,000, handover 2028).

A similar budget elsewhere in Dubai: Community Sports Arena (from AED 650,000, handover 2027), Gardens 2 (from AED 650 K, off-plan) and Legado by Prescott (from AED 650,000, handover 2027).

Read next: Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.