Azizi Wasl on Dubai Islands: In at AED 1.06M with a 10% Down Payment
Azizi Wasl is a residential project by Azizi Developments on Dubai Islands, one of Dubai's newer waterfront addresses on the northeastern coast. The development offers apartments and penthouses, with construction underway since February 2025 and a target completion of February 2028.
The number that stands out first is the 10% down payment. Getting in for AED 106,000 on a unit priced at AED 1,060,000 limits the initial capital commitment at signing. That matters for buyers who want to secure an island address while keeping cash available during the construction period.
Dubai Islands: What This Location Means in Practice
Dubai Islands sits northeast of Deira, developed as a series of artificial waterfront islands. The location is not central. Downtown Dubai and Business Bay are roughly 30 to 40 minutes away by car, and Dubai Marina is further. What the islands offer instead is sea access, lower residential density than older waterfront districts, and an environment still being built out. For an investor, this is a position in an area where the surrounding infrastructure and amenity base are still maturing. For an end-user, you are trading proximity to the city core for a quieter waterfront lifestyle on an island community with its own services.
The address puts you close to Al Mamzar Beach Park and within easy reach of the Deira Corniche. A car is practical for most daily commutes.
AED 1.06M for Apartments and Penthouses
The listed price is AED 1,060,000. The project covers both apartments and penthouses. At this entry point, the apartment configuration is the natural fit. Penthouse buyers would expect a different scale and specification. The apartment buyer here is likely looking at a primary residence with resort-style amenities, or an investment unit targeting residents drawn to a waterfront address in an emerging district.
What the Amenity Set Says About This Project
| Leisure and Social | Wellness and Active | Family and Security |
|---|---|---|
| Restaurants | Indoor Swimming Pool | Children's Play Area |
| Cinema | Gymnasium | CCTV Security |
| Golf Club and Clubhouse | Landscaped Gardens |
The golf club and clubhouse is the outlier in this list. On-site golf access at a project priced from AED 1.06M is unusual. Azizi is targeting residents who expect a resort-style experience within the building, not just gym-and-pool basics. The cinema adds another layer to that positioning. Taken together, the amenity set points at a target resident who wants recreational self-sufficiency, whether this is their primary home or a high-quality short-term rental asset.
February 2028: What the Timeline Means for a Buyer Entering Now
Construction began in February 2025, with completion set for February 2028. An off-plan buyer entering now faces roughly two years in the construction phase before handover. During that period, the 40% mid-construction payments are paid in stages, typically tied to milestones. The February 2028 completion date sets the earliest point for rental income or occupancy.
Getting In for 10%
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 40% |
| On handover | 50% |
The low entry is the headline, but the structure back-loads a significant sum at handover. AED 530,000 becomes due at keys. Buyers financing through a mortgage need that arrangement in place before the completion date. The 40% payable during construction spreads across the build period, which helps manage cash flow, but the handover tranche is the one to plan around carefully.