$377,452

Total investment:

Unit price now:

$503,695

Annual revenue:

$33,215

Cash-on-cash return:

6,2%

+33,45%

Investing in 1 Residences located within the Wasl1 development in Dubai offers a unique blend of urban living, strategic location, and luxury amenities, positioning it as a promising opportunity in Dubai's real estate market. Here's a detailed analysis highlighting why 1 Residences in Wasl1 is an excellent investment decision, along with its unique selling points compared to other properties in Dubai:

Strategic Gateway Location: Wasl1 is strategically positioned as a gateway between old and new Dubai, offering seamless access to both the bustling city center and the more traditional parts of Dubai. This prime location near Zabeel Park provides residents with panoramic views of the Dubai skyline, including the iconic Burj Khalifa, and ensures the development's high desirability.

Proximity to Attractions and Facilities: Residents of 1 Residences have easy access to a range of cultural, leisure, and entertainment attractions, including Zabeel Park, Dubai Frame, and the Dubai Garden Glow. This proximity to popular attractions enhances the appeal of the development for both residents and investors.

Reputable Developer: Wasl1 is developed by Wasl Asset Management Group, one of Dubai's leading real estate development and management companies, known for its quality projects and reliability. Investing in a development by a reputable developer adds an extra layer of security and confidence for investors.

The development's potential for strong rental yields and capital appreciation, combined with its accessibility and the lifestyle it offers, make it a compelling investment option in Dubai's competitive real estate market. Whether for investors looking to capitalize on Dubai's dynamic property market or for end-users seeking a high-quality living experience, 1 Residences in Wasl1 represents a well-rounded and attractive investment opportunity.

What’s Special

Property Facts & Features

Purchase Price: $377,452
Bedrooms: 1
Bathrooms: 2
Sqft: 889 ($428/sqft)

Property Details

Revenue: $33,215/yr
Cap Rate: 6,2%
Gross Yield: 8,8%
Cash-on-Cash: 6,2%

Returns

Revenue: $33,215/yr
Average Daily Rate: updating
Occupancy Rate: updating

Rental Estimate

Average 1 bedroom Values: $490,082
Average Revenue: $29,404/yr
Average Occupancy: updating
Number of 1 bedroom rentals: 63

Wasl 1 Market Data

Rental Estimate

High

$3,956

Average

$2,768

Low

$1,680