−8% Azizi Milan 55
Studio
About the building
A residential building in Azizi Milan. Developer — Azizi Developments.
Where it is
Wadi Al Safa
A large transitional zone in Dubailand: part built, part planned, and containing several quite different sub-communities.
- low entry prices
- yield-focused buying
- long-horizon corridor bets
What to check: Wadi Al Safa is a set of land parcels rather than a community, and different parts of it are at completely different stages. Identify the specific development and what is planned around it before treating any district figure as relevant.
Full district guide →Questions and answers about lot NP16-550757
How much is this studio in Azizi Milan 55?
Lot NP16-550757 is priced at AED 545 000, about $148 000. The size is 338 sq ft (31 m²), which works out at AED 1 612 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 595 000; it is now AED 545 000 — AED 50 000 less, or 8%.
How does this price compare with other lots in Azizi Milan 55?
The database holds 2 lots in Azizi Milan 55 right now, from AED 545 000 to AED 600 000. 2 of them are studios: this lot is the cheapest.
Is this expensive or cheap for Wadi Al Safa?
The database holds 11 lots in Wadi Al Safa, starting from AED 540 000. The area median is AED 1 488 per sq ft; this lot, at AED 1 612, is 8% above it. 5 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Wadi Al Safa area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 109 000; a loan of AED 436 000 over 25 years at 3.75–4.99% a year comes to roughly AED 2 200–2 500 a month. A non-resident puts down from 40% (AED 218 000) and pays about AED 1 700–1 900 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 21 800 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
The lot's price is AED 205 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 455 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP16-550757 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Azizi Milan 55
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