Overview

Property Description

Located in the vibrant mixed-use neighbourhood of Wasl1, 1 Residences is a stunning residential master development by wasl Asset Management Group. The complex contains two 43-storey towers connected at their podium and top levels, located next to Za’abeel Park. It features 753 units. There are a variety of beautifully crafted apartments in 1-3 bedroom configurations as well as four 3-bedroom duplexes available to potential buyers. Apartment sizes range from 888 square feet to 1,956 square feet, with balconies measuring 68 square feet to 253 square feet overlooking Za'abeel Park, one of Dubai's largest parks. SMATV systems, access control systems, telephone/data points, CCTV systems, gate barriers, intercoms, and access control systems are among the key features of the properties in this development. For a more distinctive look, the interiors of the 1 Residences apartments are enhanced by elegant wood, brushed stainless steel accents, and marble finishes. A total of 959 parking spaces are located across three basement levels and four podium levels. Additionally, there is 7,868 square feet of retail space, including a clinic area. The initial cost of a 1-bedroom apartment at 1 Residences is AED 1.74M (USD 473K) as of Q4 2023. *Prices are valid for 2022 only As mentioned earlier, 1 Residences is part of Wasl1 in the Al Kifaf area. Its location next to Sheikh Zayed Road makes it easy for residents to get around Dubai. Commuters opting to use public transportation will appreciate the fact that Al Jafilia metro station, Al Jafilia bus station 2 and Department of Health 2 are all within a 10-minute walking distance. In Q2 2022, 1 Residences was successfully completed, so after you purchase your property, you will be able to move in immediately or start renting out your residence for passive income. The ROI for 1-bedroom apartments in this complex is 6.1%, according to Property Finder, and the starting rental price is AED 90K (USD 24K). If you invest AED 750K (USD 205K) or more in a property, you will be eligible to receive a 2-year visa. If you invest AED 2M (USD 545K) or more, you will receive a Golden visa residency permit. A person with this visa can live, work, and study in the UAE without any sponsorship from the Emiratis.

Features & Amenities

Location