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WASL 1 RESIDENCES

WASL 1 & PARK GATE RESIDENCES

Properties for Sale
1 330 285 AED - 5 244 012 AED
Location Wasl1, Dubai
Type Development
Completion date II quarter, 2022 (Completed)
Living space 82 - 182 m²
Advantages
Type of buildings:
Premium
Downpayment from
10%
Residential project 100% completed
Prestigious neighborhood
Beautiful view

Wasl 1 Residences in Dubai

Wasl 1 Residences is a new off-plan residential project in Wasl1 District, near the popular Zabeel Park. The project will consist of two 43-story towers connected by a podium at the top-floor levels.

959 parking spaces, across three underground and four podium levels, will be available here. Some of the premises inside the building will be designated for offices and a clinic.

This residential project will feature a gym with modern equipment, an outdoor swimming pool with recreation areas, and a 340-meter jogging track.

Community areas at the podium level will include landscaped gardens with walking paths, barbecue areas, a children’s playground, and other amenities.

The entrance to the building will feature a green area and a pond.

Real estate in Wasl 1 Residences, Dubai, UAE

A total of 753 residential units will be offered in the new residential project, most of them are one, two, or three-bedroom apartments. The building also has four exclusive three-bedroom duplexes.

The floor area of residences ranges from 82 m² to 182 m². Each unit has a spacious balcony from 6 m² to 24 m², where a recreation area can be arranged.

Windows and balconies offer stunning views of Zabeel, one of Dubai’s largest parks.

Apartments will boast luxurious interiors with marble, wooden, and metal elements.

The grounds will be equipped with video surveillance and access control systems, telephone lines, Internet, and intercoms.

Property for sale in Wasl 1 Residences

Real estate in this project is classified as freehold, which means that a foreigner may have freehold ownership of their property and dispose of it at their discretion (as a lease, gift, etc.).

If you purchase real estate at the development stage, you can receive a discount from the developer and pay the value in installments, as the property approaches completion.

Even one-bedroom apartments in this new residential project boast significant floor space and a spacious balcony, which drives the unit’s value. The minimum price for a one-bedroom 82 m² apartment is AED 1,330,285. Three-bedroom apartments with a floor space of 174 m² are listed at a maximum price of AED 4,597,236.

As the Dubai economy develops in leaps and bounds, the value of housing in the Emirate grows consistently, so it makes sense to consider purchasing real estate today. Please contact our team to learn about the current prices and payment plans.

Location

  • Close to the beach
  • Close to the bus stop
  • Close to shopping malls
  • Close to the city centre
  • Close to the airport
  • Close to schools
  • Close to the kindergarten
  • Prestigious district
  • Close to international schools
  • Great location
  • Close to the school
  • City view
  • Park/garden view
  • Panoramic view
  • Street view
  • Beautiful view
more

Features

  • Panoramic windows
  • Balcony

Indoor facilities

  • Children's playroom
  • Restaurant
  • Cafe
  • Recreation area
  • Fitness room
  • Elevator

Outdoor features

  • Barbecue area
  • CCTV
  • Security
  • Children's playground
  • Children's pool
  • School
  • Landscaped garden
  • Landscaped green area
  • Car park
  • Park
  • Swimming pool
  • Running track
  • Shop
  • Supermarket
more

Real estate in Wasl 1 Residences

Lifestyle

Various options of apartment floor plans, multiple amenities, and a favorable location make this residential project a perfect living and recreational place for a wide range of residents, from families with children to single professionals. A 12-minute drive will take you to Dubai’s Downtown, and a metro station and bus stops are moments away. Employees of large business centers in Downtown Dubai will certainly appreciate the convenience.

There are schools with good ratings and kindergartens nearby.

A large green park is located close to the new residential project. It is a perfect place for walking with your family and doing sports outdoors. You can also keep fit by utilizing the gym on the premises.

Benefits

The project’s key advantage is its proximity to Zabeel Park, sprawling across an area of 45 soccer fields.

The park accommodates a large children’s education and entertainment center and regularly holds seasonal flea markets and trade fairs.

Park visitors can use the barbecue areas, row a boat on the lake, play mini-golf or cricket, buy food at local stores, walk along the winding paths, and admire the picturesque scenery.

A major landmark in Zabeel Park is the Dubai Frame, a structure in the shape of a picture frame, with an observation deck featuring glass-bottomed floors.

Apartments in Wasl 1 Residences

Apartments in the new residential project have extremely ergonomic floor plans with convenient storage places. Bedrooms have built-in closets. Each residence has a small space for a washing machine and a storeroom. Three-bedroom apartments feature the largest storage space where you can build a walk-in wardrobe.

The open-plan kitchens have modern layouts with a bar counter that separates the cooking area from the living and dining room.

The living room and the dining room are usually combined and open onto a balcony. Some floor plans feature corner balconies.

All residences have a guest bathroom and separate bathrooms with high-quality fixtures.

Construction completion

Construction of Wasl 1 Residences began in the third quarter of 2019. Commissioning is scheduled for the second quarter of 2023.

Wasl Properties, a major developer with extensive experience, is in charge of construction, so you can be sure of the declared due dates being met.

Please visit our website to view the detailed floor plans and the interior finishing of the apartments, as well as images of the building’s exterior.

Investment property in Wasl 1 Residences

Apartments in the new project are an extremely attractive investment option.

The demand for rental homes will always be high here, so investors can count on a stable passive income. The average rental yield of apartments in this community is currently about 6% per annum. Such a return is very high for any real estate market, particularly for a highly liquid property.

Some investors prefer to make money through reselling. To do this, they purchase an apartment in an off-plan project with a good discount from the developer. After the building is commissioned, the value of residences increases.

Location
Dubai Mall
6.2 km
School
2.3 km
Bank
1.6 km
Burj Khalifa
6.3 km
Pharmacy
1.9 km
Airport
8.8 km
Dubai Frame
600 m
Sea
5.1 km
Wasl 1

This high-rise residential project is advantageously located in Wasl 1, an actively developing mixed-use district. The master plan for the community’s development includes five zones. The new building is nestled between Zabeel Park and a metro station in Zone 2, near a hotel and the central square. A motorway runs nearby, providing residents with quick access to other major districts in the Emirate.

A trip to Downtown Dubai, with a huge shopping mall, a musical fountain, parks, and entertainment offerings, takes only 12 minutes.

Video

Payment plan

10%
On booking
10%
Upon Signing SPA
80%
On Handover

Developer Wasl Properties

13All objects of the developer
2008Founded in

Wasl Properties is a subsidiary of the Wasl Asset Management Group, a major company that was established by the Dubai Real Estate Corporation.

The company manages an extensive real estate portfolio that includes over 50,000 residential and commercial properties in Dubai, in communities such as Jebel Ali, Ras-al-Khor, Karama, Deira, Jumeirah, and many others.

The developer’s key goal is to enhance Dubai’s position in the world as one of the best places for living, work, and tourism.

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