Park Avenue Phase 3 by Azizi: Ready Apartments in Meydan Avenue
Park Avenue Phase 3 is a residential apartment development by Azizi Developments, located in Meydan Avenue, Dubai. Construction started in August 2022 and the expected handover was August 2023. That completion date is now three years past, which means buyers are looking at a ready-built property rather than an off-plan commitment. The Phase 3 designation tells you Azizi has already delivered earlier phases within this sub-community.
Meydan Avenue: What the Location Delivers
Meydan sits in east-central Dubai, anchored by the Meydan Racecourse and positioned within the Mohammed Bin Rashid City corridor. From here, residents reach Downtown Dubai and Business Bay in roughly 10 to 15 minutes by car via Al Meydan Road. Dubai International Airport is approximately 20 minutes away under normal traffic.
The neighborhood is still maturing. It does not have the walkable density of older districts, and residents rely on cars for most daily needs. Local F&B and retail within Meydan Avenue have grown with each new residential phase, but the area is not yet self-contained. The upside is proximity to central Dubai with shorter commutes than many outer districts. For those whose work or life centers on Downtown, Business Bay, or DIFC, Meydan Avenue places them close without requiring them to live in the thick of it.
Apartments for Singles, Couples, and Investors
The project offers apartments in 1-bedroom and 2-bedroom configurations. Unit data records 1-bedroom layouts at 419 sq ft and 2-bedroom units at 567 sq ft. Both are compact by Dubai norms. The 1-bedroom suits a single professional or couple looking for a manageable city base. The 2-bedroom at 567 sq ft is tight for a family with children and works better for two adults sharing or as a buy-to-let targeting the professional rental market. The footprint sizes point clearly toward renters and investors rather than growing families.
What Seven Amenities Say About This Building
| Category | Facilities |
|---|---|
| Recreation | Infinity Pool, Shared Pool, Barbecue Area |
| Fitness | Gymnasium |
| Dining | Restaurants |
| Family | Children's Play Area |
| Security | CCTV Security |
Seven amenities across a spread of categories is a solid roster for a building of this scale. The infinity pool is the standout feature and usually becomes the primary communal gathering point in projects at this level. On-site restaurants inside the complex are uncommon for a residential building of this size; they reduce the daily car trip for residents in an area where driving is otherwise the norm.
The barbecue area, children's play area, and dual-pool setup (infinity and shared) together indicate the developer expects residents to use communal spaces regularly. This is not a stripped-down investment product. The amenity mix points toward residents who intend to live here and value outdoor social space. The dual pool arrangement also gives some separation between those who prefer a quieter setting and those comfortable with a larger shared space.
Built and Ready
Construction started August 2022. Expected completion August 2023.
The project has passed its handover date. Buyers enter a completed building with no construction schedule to track and no delivery milestones to wait on. The finished state can be inspected before committing. That removes the main execution risks associated with off-plan buying in this market.
Full Payment at the Point of Purchase
The payment structure for this project is a 100% down payment at the time of transaction. No developer installment plan is on offer.
This is standard for a completed property. Cash buyers transact without phased payments and without a developer-set schedule. Buyers using bank financing need a mortgage arranged independently before proceeding, as the developer does not provide phased payment terms. The full purchase amount is required on day one. For investors, that means full capital must be committed at signing, with returns only starting once a tenant is in place.