AZIZI RIVIERA 42

2.3MAED

Dubai

WhatsApp Pinterest Facebook Twitter Linkedin Email

For Sale

AZIZI RIVIERA 42

Dubai

2.3MAED

Overview

Shop, Commercial
Property Type

37,25 SQM

OPLUS-23942
Property ID

Description

A 37.25 sq.m (401 sq.ft) retail shop is available for sale through Oplus International Realty in Azizi Riviera, located in Al Merkadh, Nad Al Sheba 1, Dubai. The asking price is AED 2.3 million — AED 5,736 per square foot — for a ground-level unit inside one of Dubai’s largest integrated residential-retail districts.

The Catchment Case

Retail value lives and dies on footfall, so the community matters more than the unit. According to Azizi Developments, Riviera comprises 69 mid-rise residential buildings around an integrated retail district, with the community expected to house over 20,000 residents at completion. The development sits along the Dubai Water Canal and lagoon promenade in Meydan, near the Meydan Grandstand, with handovers continuing through 2026 as later phases complete — meaning the resident base feeding this retail strip is still growing rather than already capped.

What Buyers Should Verify Before Committing

Commercial units carry questions residential buyers never face, and we put them on the table upfront. Before transfer, confirm with the Oplus team: the annual service charge per square foot, the permitted activity classification for the unit (F&B approval differs from general retail), whether the unit is currently leased and on what terms, and its exact frontage position — boulevard-facing units and inner-corridor units in the same community perform very differently.

One honest consideration: retail in newly delivered communities typically takes two to three years to reach stabilised footfall as residential phases hand over and occupancy builds. Buyers expecting immediate income at mature-community rent levels should price in that ramp-up period.

Who This Suits

Investors building a commercial income portfolio in the AED 2–3 million range who can hold through the community’s occupancy ramp-up, and owner-operators planning a service business — grocery, salon, pharmacy, café — aimed at a captive residential audience. It does not suit buyers needing stabilised income from day one.

Compare with residential options in the same community — Oplus also lists a two-bedroom apartment in Azizi Riviera — browse other Dubai properties, or contact the Oplus team with reference OPLUS-23942 for the service charge schedule and leasing status.

FAQ

Does VAT apply when buying a shop in Dubai?

Yes. Commercial property sales in the UAE are subject to 5% VAT on the purchase price, unlike residential property. On this unit, that means AED 115,000 in VAT on top of the AED 2.3 million price. VAT-registered buyers may recover it as input tax depending on their use of the property — confirm your position with a tax advisor before structuring the purchase.

What are the total transfer costs for a commercial unit in Dubai?

Budget the DLD transfer fee of 4% of the purchase price, trustee office fees, agency commission of 2% plus VAT, and the 5% VAT on the price itself. For this unit, total acquisition costs beyond the asking price land in the range of AED 250,000–270,000 depending on financing and registration choices.

Can foreign nationals own a shop in Azizi Riviera?

Yes. MBR City is a designated freehold area in Dubai, so foreign nationals can own commercial and residential units there outright with full title registered at the Dubai Land Department, including the right to lease the unit out or operate a business from it subject to licensing.

Can I rent the shop out instead of operating it myself?

Yes — leasing to a tenant is the most common ownership model for small retail units. The lease is registered through Ejari, rent is typically paid in one to four cheques, and the tenant handles their own trade licence. Oplus can manage tenant sourcing and lease registration after transfer.

Does buying this shop qualify for a UAE Golden Visa?

Commercial property counts toward the Golden Visa real estate route, which requires property ownership of at least AED 2 million. At AED 2.3 million, this unit alone crosses the threshold — eligibility also depends on holding structure and documentation, which our team can walk you through during the purchase process.