Azizi Wasel Dubai Islands Dubai

Azizi Wasel is a nine-storey waterfront building by Azizi Developments on Dubai Islands, the Nakheel master development off the Deira coast. It holds about 211 apartments and two retail units, in studio, 1, 2 and 3 bedroom layouts of roughly 316 to 1,414 sq ft, with four-bedroom penthouses quoted at 2,639 to 5,690 sq ft. One source lists studios to two-bedroom homes only, so confirm what is released before choosing a floor.

Prices start at AED 800,000 (about Rs 2.06 crore) for a studio, AED 1,200,000 for a one-bedroom and AED 1,800,000 for a two-bedroom on the most widely repeated price list. A second set of sources quotes AED 1,065,000 and AED 1,916,000 for the same two types, which is a gap of more than 30% — the developer's current price list settles it, not a broker page. Handover is on record for June 2027. See the rest of the emirate on our page of all Dubai projects we track, or browse our full projects index.

At a glance

Price and unit pricing

Two price lists are in circulation and they do not agree. Print both, then ask for the developer's own list in writing.

The 33% gap between the two studio figures is too large to be rounding. It is usually a launch price against a current one, a low floor against a high one, or a broker quoting a unit that no longer exists. Neither list quotes a 3 BHK or a penthouse. The developer's current price list settles it.

Check it against the community. Dubai Islands transactions in Q3 2026 show a median of about AED 2,710 per sq ft, with one broader index above AED 3,400, against an off-plan average of AED 2,162 in late 2024 and AED 2,317 by Q1 2025. A 316 sq ft studio at AED 800,000 is about AED 2,532 per sq ft, just under the median; the same studio at AED 1,065,000 is about AED 3,370, at the top of the range.

Payment plan and total cost

Most sources quote 10% on booking, 30% through construction and 60% on handover in June 2027; a second version is 10/40/50. Either is unusually back-loaded, which suits a buyer who wants low outlay until the keys.

Add 2% plus VAT in agency commission if you buy through a broker. Service charges for Wasel are not published, and Dubai Islands has little settled service-charge history, so ask Azizi for its own estimate in writing. There is no annual property tax in the UAE. Final as per the SPA.

Location and connectivity

Dubai Islands is the Nakheel-led master development off the Deira coastline, the newest waterfront address in the emirate. Nakheel, Sobha and DAMAC are the main developers and most residential stock is still off-plan, with handover-on-completion plans running through 2028.

Understand this before you buy: the community is being built around you. Bridge connections and utilities are described as advancing steadily rather than finished, and a June 2027 handover puts you beside active construction sites. None of the sources we checked publishes verified drive times, so we are not printing invented ones. The location argument is beach frontage on the Deira side of the creek, short of new stock for two decades; the risk is the same argument, an unfinished district taking a lot of supply at once.

Amenities and specifications

Azizi quotes retail units at ground level, swimming pools, a gym, a children's play area and a multi-purpose hall, with open-plan apartments and full-height glazing. Nine storeys and about 211 apartments is a small building by Dubai standards, which keeps lift waits short.

Nothing in the sources itemises the kitchen package, the appliances, the parking allocation or the finish level, so assume none of them. Ask for the specification annexe to the SPA, and get the parking bay written into the contract rather than promised at the sales desk.

About the developer

Azizi Developments has delivered more than 14,000 residential units in Dubai since 2007, with Azizi Riviera in Mohammed Bin Rashid City as its headline scheme: a canal-front master plan of about 71 to 75 buildings, of which 53 have been handed over. It once delivered a Dh350 million Palm Jumeirah project in 22 months.

The delivery record is mixed and you should price that in. DLD performance data puts Azizi at 89.1% of contracted units delivered on or before the registered handover date, but it carries a higher rate of delays in the 6 to 18 month band than Emaar or Sobha, and selected Al Furjan and Riviera phases handed over 12 to 24 months past the announced date during 2019 to 2022. One reviewer rates build quality at 3.5 out of 5 and describes delays of 18 to 24 months as common. Recent pace has improved. For a finished, tenanted alternative at a similar entry price, compare Celestia by DAMAC.

For Indian buyers

Dubai Islands is freehold and open to all nationalities. While the building goes up, your sale is recorded on Oqood in your name and your instalments go into a DLD-approved escrow account named in the SPA; the title deed is issued by the Dubai Land Department at handover. Ask the sales office for the DLD project number and the escrow bank and check both on the Dubai REST app before you pay a booking amount — neither appears in any public source we found.

The entry studio is about USD 218,000, comfortably inside one person's Liberalised Remittance Scheme allowance of USD 250,000 per financial year, and the 10/30/60 plan spreads even that: roughly USD 22,000 on booking, USD 65,000 through construction and USD 131,000 at handover. A couple can move USD 500,000 a year, so a two-bedroom at AED 1,800,000 (about USD 490,000) is a single year's joint allowance. TCS above the threshold is set off against your Indian tax.

The Golden Visa needs AED 2 million of property on the Dubai Land Department's valuation, and the studio, one-bedroom and two-bedroom all fall short on their own; a three-bedroom or a penthouse is the route, or two units in one name. On yield, the numbers published for Dubai Islands range widely: 11% to 13% gross for well-managed short-stay sea-view apartments, 6% to 9% for well-positioned long lets, but DLD-derived datasets currently produce gross yields of only about 2.2% to 4%. Underwrite at the DLD end and treat the marketing figures as a best case. There is no annual property tax in the UAE and no tax on the rent there, but India taxes that rent at your slab rate after the standard 30% deduction, and taxes the capital gain when you sell.

Pros

• An entry studio at AED 800,000 fits inside one person's annual LRS allowance with room to spare.
• About AED 2,532 per sq ft on a 316 sq ft studio at that price sits just under the Dubai Islands median of AED 2,710.
• 60% of the price falls due only at handover, so pre-handover outlay is about AED 320,000 on the entry unit.
• Azizi has delivered more than 14,000 units in Dubai since 2007 and 53 of the Riviera buildings are handed over.

Cons

• Two price lists differ by 33% on the studio — AED 800,000 against AED 1,065,000 — and no source reconciles them.
• Azizi's delay record: 89.1% on time by DLD data, but 12 to 24 month overruns on selected Al Furjan and Riviera phases in 2019 to 2022.
• No source publishes a completion percentage, so there is no independent check on the June 2027 date.
• DLD-derived yields for Dubai Islands are about 2.2% to 4%, far below the 6% to 13% quoted in marketing.
• Neither the DLD project number nor the escrow bank appears in any public source we found.
• Studio, 1 BHK and 2 BHK all fall under the AED 2 million Golden Visa threshold.

Who this is for

• Buyers who want a waterfront Dubai studio inside a single LRS allowance and can wait until 2027.

Who should look elsewhere

• Anyone who needs rental income now: this is a 2027 handover at the earliest.
• Golden Visa buyers with a single-unit budget under AED 2 million.
• Buyers who will not accept a 12 to 24 month overrun as a real possibility on this developer's record.

Our verdict

Azizi Wasel is a small, cheap way into the newest waterfront address in Dubai, and the entry price is its best argument: AED 800,000 for a studio is about AED 2,532 per sq ft against a community median of AED 2,710, and 60% of it does not fall due until the keys.

Three things need settling before you book. Get the developer's current price list in writing: AED 800,000 and AED 1,065,000 cannot both be the studio price. Get the DLD project number and the escrow bank and check them on the Dubai REST app. And read Azizi's record honestly, 89.1% on time by the DLD's own measure with 12 to 24 month overruns on named earlier phases. Plan cash flow for late 2027 or 2028, and underwrite nearer the DLD's 2.2% to 4% than the brochure's 13%.

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 starting price of Azizi Wasel on Dubai Islands?

AED 800,000 (about Rs 2.06 crore) for a studio, AED 1,200,000 for a one-bedroom and AED 1,800,000 for a two-bedroom on the most repeated list; a second set quotes AED 1,065,000 and AED 1,916,000 for the first two. The 33% gap on the studio means you need Azizi's current list in writing.

What is the payment plan at Azizi Wasel?

10% on booking, 30% through construction and 60% on handover in June 2027; a 10/40/50 version is also quoted. On the AED 800,000 studio that is AED 80,000 to book and AED 480,000 at handover, plus the 4% DLD transfer fee of AED 32,000, AED 40 Oqood and about AED 4,000 for the trustee.

When is the handover of Azizi Wasel?

June 2027 (Q2 2027) on every source that prints a date. None publishes a completion percentage, so there is no independent check on it today. The SPA carries the anticipated completion date and the grace period; track the escrow-verified percentage on the Dubai REST app before each instalment.

Is Azizi Wasel registered with the Dubai Land Department, and is there an escrow account?

Yes. Instalments go into a DLD-approved escrow account named in the SPA and the sale is recorded on Oqood in your name until the title deed is issued at handover. No source we found prints the DLD project number or the escrow bank. Ask the sales office for both and check them on the Dubai REST app before paying a booking amount.

What rental yield can I expect at Azizi Wasel?

It depends which number you trust. Published figures for Dubai Islands run 11% to 13% gross for well-managed short-stay sea-view apartments and 6% to 9% for well-positioned long lets, but DLD-derived datasets currently produce about 2.2% to 4%. Underwrite nearer the DLD end and treat the higher figures as a best case.

Does Azizi Wasel qualify for the UAE Golden Visa?

Not on a studio, a one-bedroom or a two-bedroom. The threshold is AED 2 million of property on the Dubai Land Department's valuation, and AED 800,000, AED 1,200,000 and AED 1,800,000 all fall short. A three-bedroom, a penthouse or two units in one name can clear it; the valuation on the day you apply is what counts.

Can an Indian citizen buy at Azizi Wasel, and how does LRS work?

Yes, Dubai Islands is freehold and open to all nationalities. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. The AED 800,000 studio is about USD 218,000 in total, and the 10/30/60 plan spreads it: roughly USD 22,000 on booking, USD 65,000 through construction and USD 131,000 at handover.

What is Azizi's delivery record?

Mixed, and worth pricing in. Azizi has delivered more than 14,000 units in Dubai since 2007 and 53 of the roughly 75 Azizi Riviera buildings are handed over. DLD data puts it at 89.1% of contracted units delivered on or before the registered date, but it carries more 6 to 18 month delays than Emaar or Sobha, and selected Al Furjan and Riviera phases ran 12 to 24 months late in 2019 to 2022.

Talk to Realty Hunting for Azizi's current Wasel price list, the DLD project number and escrow bank in writing, and a floor-by-floor availability check before you book.

Compare with other Dubai projects

Also in Dubai Islands: Seaside by Prestige One (from AED 1,415,000, handover 2026), Sunset Bay (from AED 1.69 M, handover 2026), Sia By Grovy (from AED 1,695,000, handover 2027) and Harbour by Prestige One (from AED 1,800,000, handover 2027). See every Dubai Islands project with prices and handover dates.

More by Azizi: Azizi Aryan (from AED 613,000, handover 2026), Azizi Milan (from AED 586,000, handover 2028) and Azizi Pearl (from AED 550,000, ready).

A similar budget elsewhere in Dubai: Anwa Residences By Omniyat (from AED 800,000, ready), Emaar Creekside 18 (from AED 800,000, ready) and Roma Residences (from AED 800 K, off-plan).

Read next: Apartments for Sale on Dubai Islands: Prices and the Yield Question · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.