Monaco Residency, Liwan
Monaco Residency is a low-rise freehold residential building in Liwan (Queue Point), Wadi Al Safa 2, developed by Al Mazaya Holding Company through its subsidiary Al Mazaya Real Estate. Complete since June 2014, the building offers 40 apartments across one-, two- and three-bedroom layouts, and is registered with the Dubai Land Department within the Queue Point Liwan master project. This guide covers Monaco Residency's building profile, location and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Al Mazaya Holding Company
Completed
June 2014, freehold
Total Units
40
Unit Types
1, 2 & 3 Bedroom
About Monaco Residency
Monaco Residency is a low-rise freehold residential building in Liwan, Wadi Al Safa 2, part of Dubai's wider DubaiLand district. It was developed by Al Mazaya Holding Company through its subsidiary Al Mazaya Real Estate. Construction began in June 2009 and finished in June 2014, per Dubai Land Department project records. Monaco Residency sits within the Queue Point Liwan master project (Dubai Land Department plot reference QPOINT LIWAN-PLOT R100) and offers 40 apartments across one-, two- and three-bedroom layouts. Monaco Residency is one of several separately built, individually managed buildings within Al Mazaya's wider Liwan and Queue Point portfolio.
Sources disagree on the building's exact storey count: one directory lists 5 floors, another describes it as a six-storey building, and a third lists 7 floors, with no majority figure. This guide does not assert a specific storey count given the genuine conflict. All sources agree the building is complete, freehold and totals 40 units.
Location & Nearby Landmarks
Monaco Residency sits in Liwan (Queue Point), Wadi Al Safa 2, one of Dubai's mid-market residential districts within the wider DubaiLand master community, close to Dubai Silicon Oasis. It takes roughly 23 minutes to drive to Dubai International Airport, around 32 minutes to Palm Jumeirah and Burj Al Arab, and about 36 minutes to The Walk JBR.
Nearby leisure options include Liwan Soccer Park and Liwan Kids Park, both about 0.3 km away, plus IMG Worlds of Adventure around 5.7 km and Global Village around 7.5 km. Neighbouring communities include DubaiLand Residence Complex (1.8 km), The Villa (2.3 km), Dubai Silicon Oasis (2.4 km) and Falconcity of Wonders (3.1 km).
For a wider view of how Airbnb management works across Dubai's different neighbourhoods, see Royale Stays' full guide to Airbnb property management in Dubai.
Unit Types at Monaco Residency
Monaco Residency offers 40 apartments across three unit types, per Dubai Land Department sale-transaction records: 25 one-bedroom units ranging from around 570 to 810 sq ft, 10 two-bedroom units ranging from around 970 to 1,531 sq ft, and 5 three-bedroom units around 1,619 sq ft. Parking is included with these units, per the same transaction records. A separate building listing's internal unit layouts show a similar range for one-bedroom units (650 to 850 sq ft) and three-bedroom units (1,600 to 1,800 sq ft), consistent with the transaction-record figures above.
Amenities
Per the building's listing, Monaco Residency includes a gym, steam room, swimming pool, central air conditioning, elevators, on-site parking, security staff and CCTV, with a nearby mosque, hospitals, clinics and malls. A wider range of everyday amenities sits within a short walk of the building, including Nesto Market and Super Cart Supermarket, several pharmacies and salons, and a gym at the neighbouring Wavez by Danube and Q1 Mall retail clusters, all within about 0.4 km.
This guide relies on a single detailed amenities source for the building-wide facility list above; no second independent source with the same level of amenity detail was found, so these specific amenity claims should be treated as reported rather than independently corroborated. The surrounding walkable retail and dining is independently confirmed.
Transportation & Access
Monaco Residency has no metro station directly on site, and residents rely mainly on cars and taxis, as in most of Liwan. The building has direct access to Sheikh Mohammed Bin Zayed Road and Al Ain-Dubai Road. Dubai International Airport is roughly 23 minutes away by car, and the newer Al Maktoum International Airport is roughly 40 minutes away.
Sale Price Trends at Monaco Residency
Recorded Dubai Land Department sale transactions show Monaco Residency apartments selling at a flat AED 662 per sq ft. One-bedroom units sold for between AED 378,086 and AED 535,546 (571 to 809 sq ft), two-bedroom units for between AED 642,048 and AED 1,014,068 (970 to 1,531 sq ft), and three-bedroom units for AED 1,072,312 (1,619 sq ft). Two independently operated platforms republishing Dubai Land Department data agree exactly on this rate and on matching prices for each recorded unit size.
All 40 recorded sale transactions for this building carry the same 26 October 2015 registration date, which likely reflects a batch registration of the building's original handover sales rather than 40 separate market events on one day. No more recent resale transaction was found for this specific building, so this guide does not claim these figures represent today's market pricing; they are presented as historical, verified reference points only.
Airbnb & Short-Term Rental Income Potential
Liwan is not currently one of Royale Stays' five core managed areas (Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay), so this guide does not claim a Royale Stays management track record at Monaco Residency specifically. Al Mazaya Holding Company is a private developer rather than a restricted hotel brand, so there is no confirmed policy barrier to running a licensed holiday home in the building.
Every short-term rental in Dubai requires a DTCM holiday home permit. Royale Stays can arrange the permit application and manage the day-to-day operation, including for owners based overseas, for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications. See Royale Stays' Dubai holiday home permit guide for the current permit process.
Questions