Park Avenue
About the project
(sq. ft.)
Park Avenue is a five-storey residential complex that is currently under construction in Mohammed Bin Rashid City, Dubai. Construction of the residences started in August 2020. The project was developed by Azizi Developments, and the architectural design was implemented by 360 Degrees Architectural Design Consultancy. The main construction work is being carried out by Al Zahraa Foundation Contractors LLC.
The complex has a total of 140 properties that are available for sale, including one- to two-bedroom apartments. Properties have living areas, built-in wardrobes, balconies, and bedrooms with ensuite bathrooms.
The complex provides a variety of amenities and services, including:
- Covered parking
- Children’s play area
- Swimming pool
- Rooftop terrace
- Nearby park and river
- Recreational facilities
- Gym
- Concierge services
- Tennis courts
- 24-hour security
- Cycle and jogging paths
- Spa
- Central air-conditioning
- Sauna
- Sports fields
Apartments have a minimum size of 452 sq. ft., and prices range from AED 829,000 (USD 226,000) to AED 1,354,000 (USD 369,000).
*The price is valid for 2021
Property Information
- Location MBR City, Dubai, UAE
- Developer Azizi Developments
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 452 sq. ft.
- Total Amount of Units 140
Location
The area does not offer direct links to public transportation. Therefore, residents are advised to travel by personal vehicle and taxi. Dubai International Airport can be reached within a 20-minute drive of the residences, and Al Maktoum International Airport is located within a 40-minute drive.
Residents can enjoy several nearby social and leisure facilities, including:
- Supermarket Fair Mart
- Meydan One Mall
- Qube Shisha Lounge, Iris Meydan, and the Stables Dubai
- North London Collegiate School Dubai and Hartland International School
- Zabeel Health Centre Hospital
- The Track Golf Club
- Friday Cricket Ground IPL
- Meydan Racecourse
- Hartland Greens Park
- Ras Al Khor Wildlife Sanctuary
- Jumeirah Beach
There are many popular attractions situated within a five- to 20-minute drive of the complex, including:
- Meydan Bridge, a unique wave-shaped bridge with bright lights and scenic views of Dubai
- Burj Al Arab, a unique hotel that is shaped like a sail
- Dubai Creek Tower, one of the city’s highest observation decks
Payback
Park Avenue is located in one of the greenest parts of the emirate. It is situated on Meydan Avenue in the heart of Mohammed Bin Rashid City. Residents have easy access to Downtown Dubai, as well as many local parks and attractions. Park Avenue is also popular due to its proximity to several golf clubs, a tennis academy, and a racecourse.
As a result, properties in the area are in steady demand among tenants and investors. Park Avenue offers units that are expected to have a return on investment rate of 6%, depending on the type of accommodation. The estimated payback period on investments ranges from 17 to 20 years.
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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