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1. Definition of the area and data structure
Actual location: According to DLD, the building Azizi Riviera 15 is located in the Al Merkadh area and is part of the Meydan One Community master project.
The database records 267 sale transactions for this building, broken down by year and studio apartments. For rental contracts, identification is done via project_name_en = ‘Azizi Riviera 15’, which also makes it possible to collect valid data specifically for studios.
2. Market activity and liquidity
From 2020 onwards, studio transactions in Azizi Riviera 15 started with isolated sales (4 in 2020, 8 in 2021), after which volumes rose sharply in 2023 (93 deals), reflecting handover launches and high activity at the key collection stage. In 2024, a solid level of sales continues.
On the rental side, there has been a pronounced increase in contractual activity since Q4 2023 — over the last 12 months, 100+ new contracts have been registered for studios in this building alone, indicating the formation of a stable rental market and good liquidity of the asset for landlords.
Overall, the property is one of the most liquid options in its segment (completed new-build in Meydan), with active transactions both in sales and in leasing.
3. Price per square metre dynamics (studios, Azizi Riviera 15 and area)
Azizi Riviera 15 (studios):
– Average price per m² in 2020: 12,000 – 16,000 AED.
– In 2022–2023 — a smooth movement within roughly 15,500 – 16,000 AED.
– In Q2–Q4 2024 there is growth: quarterly averages range from 14,800 to 19,400 AED, and in H1 2025 — 18,200 – 23,200 AED/m².
Al Merkadh (studios):
– In 2020–2021 the average monthly price range was 14,000 – 16,000 AED/m².
– In 2022 and H1 2023 — dynamics around 15,500 – 17,000 AED/m².
– From Q2 2024 onwards there is a notable increase: up to 21,000 AED/m² and above.
4. Rental rate dynamics per m² (studios, building and area)
Azizi Riviera 15 (studios):
– The rental market for the building started to form from late 2023.
– Average annual rent per m² over the last 12 months: 1,550 AED/m².
– Quarterly data shows growth: from 1,310 AED (Q4 2023) to 1,470–1,590 AED in Q2–Q4 2024. In early 2025 — 1,560–1,650 AED/m².
Al Merkadh (studios, area):
– 2020 – early 2022: historical rates of 700–900 AED/m².
– From 2023 — dynamic growth: 1,150 – 1,370 AED/m² in 2023, 1,350–1,620 AED/m² in 2024, reaching 1,900–1,950 AED/m² in early 2025.
5. Current price and rental levels (12 months, studios)
– Average sale price per m² for the building (last 12 months): 19,290 AED/m².
– For Al Merkadh over the same period: 20,650 AED/m².
– Average rental rate per m² for the building: 1,550 AED/m² per year.
– For the area: 1,670 AED/m² per year.
The results show that Azizi Riviera 15 trades at a small discount to the average market level for studios (6–7% below the area average) and slightly lags in rental rates (around 7%).
6. Yield (ROI) and investment fair price range
– Gross yield for the building: 8.0% (1,550 / 19,290).
– For the area: 8.1% (1,670 / 20,650).
Taking into account typical upfront costs (7–8%), net yield (ROI net) will be around 7.4–7.5%. This means that purchasing a studio in Riviera 15 at the current average transaction price still offers an attractive investment yield in the context of the 2024 rental market.
Fair price range for a target yield of 7–8% (building):
– For an 8% yield: 1,550 / 0.08 ≈ 19,375 AED/m².
– For a 7% yield: 1,550 / 0.07 ≈ 22,140 AED/m².
The current average achieved price is close to the lower bound, meaning that a market-price purchase delivers an 8%+ yield.
For the area:
– 1,670 / 0.08 ≈ 20,875 AED/m² (for 8%), 1,670 / 0.07 ≈ 23,860 AED/m² (for 7%).
The current area price is also closer to the lower investment boundary.
7. Final outlook
Azizi Riviera 15 is a liquid income-generating asset in the ready studio segment of Meydan One Community. Rising rental rates and active sales confirm demand on both sides of the market. Prices in the building are slightly below the area average (which enhances its investment appeal versus competitors), while rental dynamics allow gross yields to be maintained at around 8% per annum even after factoring in entry costs.
The area and master project are showing broad activity and price growth after the pandemic, and the 3–5 year outlook for investors appears positive amid strong urban development dynamics in Meydan and a noticeable inflow of tenants.
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