Park Avenue 3

Park Avenue 3 is a low-rise residential building by Azizi Developments, situated on Meydan Avenue within the Nad Al Sheba 1 district of Meydan, Mohammed Bin Rashid City. Completed in August 2023, the project is fully handed over and currently sold out.

# The building and its position in Meydan

Meydan occupies a particular position in Dubai's residential map: green, relatively low-density, and buffered from the commercial noise of Sheikh Zayed Road by several kilometres of thoroughfare and open land. Park Avenue 3 sits within this context as a single, low-rise building, a format that has become increasingly uncommon in a city that defaults to the tower as its primary residential typology.

The architecture draws on a restrained contemporary language. Landscaping forms part of the development's identity, with planted surrounds contributing to the character of the streetscape on Meydan Avenue.

At 100 per cent complete, the building carries none of the execution risk that attaches to off-plan purchases. What buyers or tenants see is what exists.

# Residences, layouts and finish

The available data does not include a confirmed breakdown of unit types, sizes or floor-count for Park Avenue 3. What is documented is that the building is unfurnished at handover, with kitchen appliances provided. Service charges fall in the 10 to 20 AED per square foot range, which is broadly in line with comparable low-rise residential product in the Meydan corridor.

The developer's wider Park Avenue series has consistently offered apartments with direct views toward the Burj Khalifa and Downtown Dubai skyline, as well as garden and golf-facing aspects depending on floor and orientation.

# Facilities on site

The amenity provision is modest but functional. Four facilities are confirmed for the building.

# What the building includes

• An adult swimming pool
• A dedicated children's pool
• A BBQ area
• A gymnasium

This is a compact offering. It suits buyers and residents whose primary recreational interests extend beyond the building itself, into the wider Meydan neighbourhood, which carries substantially more infrastructure.

# Meydan Avenue and the surrounding district

The location does consistent work here. Downtown Dubai sits roughly eight kilometres away, a thirteen-minute drive under normal conditions. Jumeirah Beach is approximately 9.5 kilometres in the other direction, also around thirteen minutes.

Within the immediate vicinity, Meydan Golf is under three kilometres from the building, reachable in eight minutes. The Dubai Bilingual French International School is 2.4 kilometres away, a consideration for European families with school-age children. Aswaaq Mall in Al Quoz provides daily retail and grocery access at 3.6 kilometres.

The Meydan precinct also places residents close to The Meydan Hotel, the Meydan Grandstand and a floodlit nine-hole golf course. For residents who run or cycle, the dedicated tracks within the wider MBR City development are a meaningful part of the daily routine.

# Who this building suits, and where it sits in the market

Park Avenue 3 is a completed, sold-out asset. Its relevance to the current market is primarily for buyers acquiring in the secondary market or investors assessing rental yield potential within a stabilised building.

The profile fits a specific buyer: someone who wants proximity to Downtown without the density of Downtown pricing, values low-rise living, and finds the Meydan corridor's combination of greenery and connectivity a more considered environment than the coast or the marina. European families, given the nearby French-curriculum school, represent a natural tenant and owner demographic. The service charge ceiling of 20 AED per square foot is worth factoring into yield calculations, particularly for smaller unit types.