Studio · 346 sqftAzizi Riviera 8, Meydan One · completed 2023

508, Azizi Riviera 8

Sold prices and rental history: sold once, by the developer in August 2023, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 5 April 2024
Last soldAED 523K8 August 2023
Current rentAED 45K /yr5 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 508, Azizi Riviera 8

What is 508 worth today?

Last sold for AED 523,427 in 2023

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5 Apr 2024RentedNew contract
AED 45,000/yr12 months · AED 131 per sqft
8 Aug 2023Sold by developerOff-plan
AED 523,427AED 1,514 per sqft

Source: Dubai Land Department. Updated 5 April 2024.

Key facts

Type
Studio apartment
Size
346 sqft
Parking
B2-45
Developer
Azizi Developments
Completed
2023
Last sold
AED 523K · August 2023

About 508, Azizi Riviera 8

508 is a studio of 346 sqft of Azizi Riviera 8, a 9-storey tower in Meydan One completed in 2023 by Azizi Developments. The developer sold it on 8 August 2023 for AED 523,427, or AED 1,514 per sqft, in line with the AED 1,525 studios in the building were fetching at the time.

One Ejari contract is registered, from 5 April 2024. The current contract, signed on 5 April 2024, is AED 45,000 a year: a gross yield of 8.6% on the 2023 price.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical studio in Azizi Riviera 8
500K600K2018202120242027Typical sale price by year: 2018 AED 524,766; 2019 AED 542,679; 2020 AED 541,437; 2021 AED 507,790; 2022 AED 510,000; 2023 AED 540,000; 2024 AED 625,358; 2025 AED 660,000; 2026 AED 670,000Sold by developer, August 2023: AED 523,427 (AED 1,514 per sqft)

508 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 508, each contractTypical studio in Azizi Riviera 8
45K48K50K2024202520262027Typical rent by year: 2024 AED 45,000; 2025 AED 50,000; 2026 AED 48,000New contract, April 2024: AED 45,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Azizi Riviera 8, and where 508 sits

All 130 studios →

508 last sold in August 2023 at AED 1,514 per sqft, in line with what studios in Azizi Riviera 8 were fetching at the time (AED 1,525). Over the last 12 months studios sold for AED 490,108 to 995,400, around AED 1,750 per sqft, and rent for AED 38,000 to 95,000 a year. 508's AED 45,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Oct 2026670,000
6 Oct 2026595,000
7 Sep 2026680,000
7 Jul 2026711,380
21 studio sales in the last 12 months

Azizi Riviera 8

Building

31 apartments, studios to 3-bed over 9 floors in Meydan One, completed in 2023 by Azizi Developments. 22 sold in the last 12 months.

Typical price per sqft
AED 1,755 Down 2.6%
Typical sale
AED 670K
Typical rent
AED 50K /yr
Typical yield
7.6%
Azizi Riviera 8, Meydan One: prices, sales and rents →

508, Azizi Riviera 8 in numbers

  • Sold once: by Azizi Developments on 8 August 2023 for AED 523,427, or AED 1,514 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2023 price is 8.6%.
  • Studios in Azizi Riviera 8 sold for AED 490,108–995,400 in the 12 months to November 2026; the building's median across all types is AED 1,755 per sqft.

Source: Dubai Land Department. Updated 5 April 2024.

Questions about 508, Azizi Riviera 8

What did unit 508 last sell for?

AED 523,427 on 8 August 2023, sold by the developer: AED 1,514 per sqft for 346 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 45,000 a year on the contract signed on 5 April 2024.

How big is unit 508?

346 sqft (32.1 sqm): a studio of a 9-storey tower completed in 2023.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Azizi Riviera 8 sold for AED 490,108 to 995,400 in the last 12 months, around AED 1,750 per sqft.

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Mortgage on 508, Azizi Riviera 8

Starts from the last sale price (AED 523K, 8 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 523,427
Deposit, UAE resident (20%)
AED 104,685
Deposit, non-resident (40%)
AED 209,371
Monthly over 25 years at 3.7%
AED 2,142

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →