1 Residences
✓ Resale Available

1 Residences

From AED 3.71M·Completed Sep 2022·10% down payment Payment
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AED 3.71M
Starting Price
Sep 2022
Handover
10% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

1 Residences is a prestigious residential project from the developer Wasl, located in the heart of Dubai, next to Zabeel Park. The project consists of two towers comprising 3 basement levels, a ground floor, a mezzanine and 43 residential floors, and a podium consisting of three basement levels, three parking levels and a mezzanine. The complex offers apartments with 1-3 bedrooms, as well as duplexes with 3 bedrooms. The exterior of the complex is distinguished by its iconic architectural design, where two tall towers are connected to each other, creating an impressive silhouette. The complex is harmoniously integrated into the surrounding space, offering serene views of Zabeel Park. The interiors of the apartments make an indelible impression by combining elegant wood, polished stainless steel and marble finishes. Residents of 1 Residences have access to a range of exclusive amenities, including a state-of-the-art gym, a running track, and a stunning outdoor swimming pool with relaxation areas. The complex is part of the five Wasl 1 zones, located in close proximity to the central square, fine restaurants, boutiques, five-star establishments and entertainment venues. The project's location, opposite Dubai Garden Glow, a 5-minute walk from Max Metro Station, provides unparalleled accessibility to key destinations.

Project Specifications
DeveloperWasl
LocationAl Kifaf
Unit Types2 BR, 3 BR, Apartments
AreaAl Kifaf
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 160,165 / year
Cash-on-Cash
1.8%
Levered cashflow AED 37,675
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 241,268 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
1 Residences launch basis4,124AED 3.71MCurrent launch / asking basis
Al Kifaf ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Kifaf premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Wasl.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

1 Residences — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Intercom
Jogging tracks
Kids Play Area
Kids splash pad
Landscaped garden
Landscaped park
Leisure areas
Lift
Prayer room
Security and CCTV
Shared Pool
Shared gym & fitness
Walking paths

Location

Al Kifaf

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al KifafAl KifafDubai, UAE

Developer Track Record

01

1 Residences by Wasl

02

Located in Al Kifaf

03

Starting from AED 3,711,809

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Sep 2022

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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