Monaco Mansions 2 Dubai South Dubai

Monaco Mansions 2 is the name broker pages give to the second release of Azizi Developments' Monaco Mansions: the 109 high-end six to eight-bedroom mansions set around the swimmable lagoon of Azizi Venice in Dubai South. Azizi unveiled Monaco Mansions on 27 November 2024. The broker pages describe this second release as just five plots; Azizi itself markets the whole project as Monaco Mansions and does not use the "2".

The source listing prints no price. A published price list starts six-bedroom mansions at AED 50,039,000 (about Rs 128.85 crore), with seven and eight-bedroom mansions far higher. The plan is 10/70/20, plots run about 10,000 to 20,000 sq ft, and handover is set for Q2 2027 on most pages.

At a glance

Price and unit pricing

We print AED 50,039,000 because it is the entry figure on the only published price list by bedroom count, and a second portal page rounds it to "from AED 50.0M". Several broker pages quote AED 45 M or AED 45.4 M as the start; those look like launch-period figures, about 10% lower. Gulf News reported mansions up to AED 220 M at launch, which covers the largest lagoon-front plots and the furnished option.

The per-foot figures above are on the plot, not the home, because no source publishes the built-up area per mansion. That is the number to ask for: with four levels on a 10,000 sq ft plot, the built-up area could be larger than the plot, and the price per sq ft of home would then be far lower than the plot rate. The DLD will record the actual sale prices once mansions transfer.

For comparison, South Bay, Dubai South Properties' villa community nearby, starts at about AED 3.74 M for homes of about 2,700 to 13,000 sq ft. Monaco Mansions is a different market altogether: more than ten times the entry price, for far larger plots on the water.

Payment plan and total cost

The plan most pages print is 10/70/20: 10% on booking, 70% during construction and 20% at handover. One page prints a 10/40/50 alternative, which would move half the price to handover. The SPA fixes the plan and the instalment dates, which are usually tied to construction milestones.

Worked example: a AED 50,039,000 six-bedroom on 10/70/20

A broker adds 2% plus VAT, about AED 1.05 M at this price, so ask whether one is involved. On 10/40/50, the same mansion would need AED 20,015,600 during construction and AED 25,019,500 at handover.

Running costs. Azizi has not published a service-charge budget for the mansions. Villa service charges in Dubai are usually lower per sq ft than apartment charges, but a lagoon community with beaches, lifeguards and landscaping is not cheap to run, and the private costs of a four-level mansion with two pools, lifts and staff quarters will far exceed the community charge. Ask Azizi for the budget before you sign.

Location and connectivity

Azizi Venice sits in Dubai South, about seven minutes by road from Al Maktoum International Airport (DWC), the centre of Dubai's airport expansion. Expo City Dubai, with its Metro station on the Red Line's Route 2020, is the neighbouring district, and Emirates Road (E611) and Sheikh Mohammed Bin Zayed Road (E311) connect it to the rest of the city. Dubai Marina and JBR are about 35 to 40 minutes by road, and Downtown and Business Bay about 40 to 45 minutes.

The mansions face either a road or the lagoon, and the lagoon side has direct beach access. The lagoon is the reason to buy here. The trade-off is what surrounds it: Azizi Venice is planned for more than 36,000 apartments in over 100 buildings, so the mansions will sit at the edge of one of the densest new districts in Dubai.

For the apartment side of the same community, see our page on Azizi Venice, where studios start at about AED 747,000. For everything else, see all Dubai projects we track and the full projects list.

Amenities and specifications

Each mansion is a four-level home with six to eight bedrooms, according to Azizi's launch release. The quoted features include private elevators, two swimming pools, a rooftop terrace, a private cinema, lounges and bars, a fitness centre, a spa with a Turkish hammam, a show kitchen and a service kitchen, staff rooms and multi-car parking.

Azizi offers eight architectural styles, from royal classic to modern, and each mansion comes unfurnished or fully furnished; the furnished option adds chandeliers, wall panelling and sculptural staircases. Lagoon-facing plots add direct beach access and large balconies over the water.

The sources checked do not publish the built-up area per style, the finish schedule, the furniture specification or the smart-home systems. For a purchase of this size, ask for the full specification per style, the plot plan and a visit to a finished show mansion. Final specification as per the SPA.

About the developer

Azizi Developments has been building in Dubai since 2007 and has delivered more than 14,000 homes. Its best-known project is Azizi Riviera in Mohammed Bin Rashid City, a 71-tower plan handed over in phases since 2020. An industry reading of DLD data puts Azizi at about 89% of contracted units delivered on or before the registered date, with some Al Furjan and Riviera phases running 12 to 24 months late in 2019 to 2022 and the 2023 to 2025 cohort tighter.

Azizi Venice is Azizi's largest project, and Azizi reported its first 14 apartment buildings at 39% complete in 2026. Monaco Mansions is Azizi's first high-end mansion product, so its apartment record is the only evidence of how it will deliver. Mansions are a different build: custom finishes, private pools and lifts, and far fewer units to spread the site work across. Plan around the SPA date plus six to twelve months.

For Indian buyers

Ownership. Dubai South is freehold for foreign buyers. During construction your purchase is an Oqood record at the DLD; at handover the DLD issues the title deed in your name. The UAE has no annual property tax and no VAT on a residential sale; the government cost is the 4% DLD transfer fee, AED 2,001,560 on the entry mansion.

Remittance. Under the Liberalised Remittance Scheme each resident Indian can send USD 250,000 per financial year, about AED 918,000. The entry mansion with fees is about AED 52 M, roughly USD 14.2 M. An Indian resident cannot fund this from India under the LRS; even the 10% booking amount is more than five people's annual allowance. It is realistic for NRIs, and for families using money already held abroad in compliance with Indian rules. Take advice on FEMA and the Overseas Investment rules before you commit.

Golden Visa. Every mansion is far above the AED 2 million property threshold, so the ten-year Golden Visa route is open to the owner.

Rent and tax. No source publishes rents for mansions in Dubai South, and there is no rental record for homes of this size in the district yet. Treat it as a home, not an income asset. An Indian tax resident who does let it declares the rent in India, claims the 30% standard deduction and reports the property as a foreign asset. Resale at AED 50 M and above in Dubai South is untested, so plan for a long hold.

Pros

• Direct frontage on one of the largest swimmable lagoons of its kind, inside a planned city
• Plots of 10,000 - 20,000 sq ft at a fraction of Palm Jumeirah or Emirates Hills prices
• Every mansion clears the AED 2 M Golden Visa threshold many times over
• A choice of eight architectural styles and a furnished option
• 10/70/20 leaves 20% until handover; Azizi is a volume developer with a large delivered record

Cons

• Dubai South has no record of resales at AED 50 M and above; exit is untested
• Azizi has never delivered a mansion product; its apartment record includes 12 to 24-month delays
• Azizi Venice will hold 36,000 apartments - mansion owners live beside a very dense district
• Only five plots in this release per broker pages, and the '2' label is not used by Azizi itself
• Far from the prime schools, beaches and business districts that ultra-prime buyers expect

Who this is for

• Buyers who want a very large lagoon mansion and value space over a prime address
• Families who will live in the home for many years, not trade it
• Buyers who want UAE residency and a trophy home in one purchase
• Investors betting on the Al Maktoum airport expansion over a decade

Who should look elsewhere

• Anyone who may need to sell within five years
• Buyers comparing with Palm Jumeirah or Emirates Hills on resale liquidity
• Anyone uncomfortable with a first-of-its-kind product from its developer
• Indian residents who would have to fund it through the LRS alone

Our verdict

Monaco Mansions is Azizi's attempt to put ultra-prime homes inside a mass-market city, and the second release, five plots on broker pages, is a small slice of it. The numbers are large in every direction: AED 50 M for the entry six-bedroom, plots of up to 20,000 sq ft, and AED 2 M of DLD fee on the entry mansion alone. The value case is the land: a lagoon plot of that size costs several times more on Palm Jumeirah. The risk is everything around the land: 36,000 apartments next door, an untested resale market at this level in Dubai South, and a developer delivering its first mansion. This is a home for a family that wants space and will stay, not a trade.

Consider it only as a long-term family home or a decade-long bet on Dubai South, bought after seeing the show mansion and the plot. Confirm the plot, release and DLD project number in writing, and allow for a handover later than Q2 2027. If resale liquidity matters, compare with a prime-address villa before committing.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

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 Monaco Mansions 2?

Broker pages use the name for the second release of Azizi's Monaco Mansions, the 109 lagoon mansions inside Azizi Venice, and describe it as five plots. Azizi itself markets the project as Monaco Mansions; ask which plots and release your contract covers.

What is the price?

A published price list starts six-bedroom mansions at AED 50,039,000 (about Rs 128.85 crore), seven-bedrooms at AED 96,730,000 and eight-bedrooms at AED 142,310,000. Other pages quote AED 45 M to 45.4 M as the start, and Gulf News reported mansions up to AED 220 M.

What is the payment plan?

10% on booking, 70% during construction and 20% at handover. One page prints 10/40/50 instead. On AED 50,039,000, 10/70/20 means AED 5,003,900, AED 35,027,300 and AED 10,007,800.

When is handover?

Q2 2027 on most pages; Bayut's guide prints Q4 2026. No mansion-specific construction percentage is published, and Azizi's record suggests allowing six to twelve months more.

How big are the mansions?

Plots run about 10,000 to 20,000 sq ft, with six to eight bedrooms over four levels. The built-up area per mansion is not published by the sources checked.

Does a mansion qualify for the Golden Visa?

Yes. Every mansion is priced far above the AED 2 M property threshold.

Can an Indian resident buy one?

Dubai South is freehold for foreign buyers, but the LRS lets an Indian resident send only USD 250,000 a year, about AED 918,000. A mansion is realistic for NRIs and families with money already held abroad, not for a purchase funded from India alone.

Compare with other Dubai projects

Also in Dubai South: South Bay (from AED 3,740,000, handover 2026), Windsor House II (from AED 1,200,000, handover 2028), Views VII (from AED 1,131,870, handover 2026) and Azizi Venice (from AED 747,000, handover 2026). See every Dubai South project with prices and handover dates.

More by Azizi: Azizi Creek Views (from AED 1,788,000, handover 2026), Azizi Zain (from AED 1,440,000, off-plan) and Azizi Ameer (from AED 1.3 M, handover 2027).

A similar budget elsewhere in Dubai: District One Mansions (from AED 34.5 M, ready).

Read next: Property for Sale in Dubai South: Prices, Yields and Risk · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Villas and Townhouses for Sale in Dubai: Prices and Returns. Every Dubai project we track is listed on the Dubai section.