1 Residences — project image
✓ 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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 160,165 / year
Cash-on-Cash
2.2%
Levered cashflow AED 37,675
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.71M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Wasl.

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Payment Structure

10% down payment

Published payment summary

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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

1 Residences location map
Project location

Nearby Destinations

Al Kifaf

Developer and Project Facts

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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