Azizi Iris in Al Furjan - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
The cap rate (rental yield) of investments into Azizi Iris project is 7.1% on average.
The price of an apartment in Azizi Iris is 11,175 AED/sqm on average.
The long term rent of an apartment in Azizi Iris is 792 AED/sqm/year on average.
About Azizi Iris
'Azizi Iris' in 'Al Furjan' area project description
Azizi Iris is a fully completed residential complex in Dubai's Al Furjan district, developed by Azizi Developments and handed over in 2017. Construction started in June 2014 on this 12-storey building, which houses 99 units primarily featuring 1-2 bedroom apartments, with some 3-bedroom options available, ranging from 874 to 1,608 sqft.
The architecture showcases a modern light facade accented by vibrant orange cladding elements, private balconies, and panoramic glazing for ample natural light. Units come fully finished in light shades, with spacious terraces promoting a relaxed urban lifestyle. The two podium levels integrate communal spaces seamlessly into the design.
The layout centers on a single high-rise tower with high-speed elevators, allocated car parking, and extensive landscaped grounds. Apartments are distributed across 11-12 floors, ensuring efficient vertical living with proportional parking and pet-friendly policies.
Amenities cater to modern residents, including a fully equipped gym, spacious swimming pool, steam room, sauna, jacuzzi, and 24/7 security with surveillance cameras. Additional facilities encompass a high-ceiling lobby, reception desk, concierge service, and on-site restaurants, fostering community and convenience.
Strategically located on Gardens Blvd in Al Furjan, Azizi Iris benefits from excellent connectivity. It sits within a 10-minute walk of Al Furjan Metro Station and Discovery Gardens Metro Station, with a nearby bus stop at Discovery Garden 12-2. The area offers quick access to supermarkets, shops, children's playgrounds, Dada Furjan Villa cafe, Al Furjan Club wellness facility (15-minute walk), and The Pavilion - Al Furjan shopping center (5-minute drive). Travel times include 25 minutes to Dubai Mall and Downtown Dubai, 15 minutes to Dubai Marina, 25 minutes to DXB Airport, and 30 minutes to DWC Airport via Sheikh Mohammed bin Zayed Road (E311) and routes D59, D72, D591.
To reach the beach, residents can drive 15-20 minutes southwest via E311 to Jumeirah Beach or take the metro from Al Furjan Station (Route 5 Red Line) to DMCC or Sobha Realty stations, followed by a short taxi ride to Jumeirah Beach Residence, totaling about 25-30 minutes.
Nearby projects include other Azizi Developments in Al Furjan, such as additional phases in Azizi Residence, alongside developments in Discovery Gardens. The district's growth, boosted by Expo 2020 preparations, features residential buildings, retail, and social hubs, making Azizi Iris ideal for families, professionals, and students with its infrastructure and proximity to employment zones. The Al Furjan market thrives as a value-driven residential area with strong transport links, metro access, and ongoing community enhancements.