New homes in 1WOOD Residence 2 start at AED 819,675; keys are due Dec 2027; you pay 20% to book, 30% while it is built and 50% at the keys.
Keys
Dec 2027
The developer's handover date
Payment plan
20 / 30 / 50
20% to book, 30% while it is built, 50% at the keys
Bedrooms
Studio to 2 beds
Sizes
426 to 2,018 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,924 per sq ft
At the smallest size listed
RERA project
4435
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Nov 11, 2026
Completion on the register
Oct 2027
DLD shows only the current date. We have recorded it since Nov 11, 2026 and it hasn't moved.
Escrow account
مصرف ابوظبى الاسلامى
The bank that holds your payments
Registered homes
209
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 30% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 163,935+ AED 32,787 DLD fee
AED 196,722
Feb 2027While it is built · 7.5%
While it is built
7.5%
AED 61,476
AED 258,198
Apr 2027While it is built · 7.5%
While it is built
7.5%
AED 61,475
AED 319,673
Jul 2027While it is built · 7.5%
While it is built
7.5%
AED 61,476
AED 381,149
Sep 2027While it is built · 7.5%
While it is built
7.5%
AED 61,476
AED 442,625
Dec 2027Keys · 50%
Keys
50%
AED 409,837
AED 852,462
Booking payment, 20%
AED 163,935
Dubai Land Department fee (Oqood), 4%
AED 32,787
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 196,722
Total costPrice plus the DLD fee
AED 852,462
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 19 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in 1WOOD RESIDENCE 2, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Dubai Land Department recorded 19 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in 1WOOD RESIDENCE 2, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,795 per sq ft
AED 1,584 to AED 1,623 per sq ft
3 sales
AED 1,623 to AED 1,663 per sq ft
1 sale
AED 1,663 to AED 1,702 per sq ft
2 sales
AED 1,702 to AED 1,741 per sq ft
1 sale
AED 1,741 to AED 1,780 per sq ft
2 sales
AED 1,780 to AED 1,819 per sq ft
4 sales
AED 1,819 to AED 1,859 per sq ft
5 sales
AED 1,859 to AED 1,898 per sq ft
1 sale
AED 1,584 per sq ftAED 1,898 per sq ft
This project AED 1,924 per sq ft, above every sale
Half of the sales sold for AED 1,677 to AED 1,826 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,584 to AED 1,623 per sq ft
3
AED 1,623 to AED 1,663 per sq ft
1
AED 1,663 to AED 1,702 per sq ft
2
AED 1,702 to AED 1,741 per sq ft
1
AED 1,741 to AED 1,780 per sq ft
2
AED 1,780 to AED 1,819 per sq ft
4
AED 1,819 to AED 1,859 per sq ft
5
AED 1,859 to AED 1,898 per sq ft
1
The 3 closest sales
Picked from the 19 similar sales above, closest in size to this project's smallest home.
Oct 2026AED 808,963AED 1,898 per sq ft1WOOD Residence 2, 426 sq ft
Sep 2026AED 788,117AED 1,849 per sq ft1WOOD Residence 2, 426 sq ft
Aug 2026AED 703,313AED 1,650 per sq ft1WOOD Residence 2, 426 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Jumeirah Village Circle in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 819,675 here
Off-plan medianAED 741,000AED 1,825 per sq ft
Sales2,549
Check the from price
1-bed apartment
Off-plan medianAED 1,159,000AED 1,497 per sq ft
Sales3,757
2-bed apartment
Off-plan medianAED 1,702,000AED 1,377 per sq ft
Sales885
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
6.3%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
5.2%
Typical gross yield of similar ready homes
8.5%
Median rent of studio apartments in Jumeirah Village Circle
AED 52,000 a year
Service charge a year, from the keysThe area median, AED 19 per sq ft from 5 buildings, as of 2023, for the smallest home (426 sq ft)
AED 8,094
Rent contracts counted
5,438
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 52,000 a year
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 110,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 52,000 ÷ AED 819,675 = 6.3%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Dubai Internet City Metro Station5.6 km, 14 min driveMetro station
JSS International School1.6 km, 3 min driveSchool
Nord Anglia International School1.8 km, 4 min driveBritish school
Circle Mall800 m, 13 min walkMall
Mediclinic Springs4 km, 8 min driveHospital
Dubai Internet City6.1 km, 18 min driveOffices
The Els Club, Dubai Sports City3.6 km, 11 min driveGolf
1WOOD Residence 2 is an Object One Real Estate Development building in Jumeirah Village Circle, with studios to 2-bedroom homes from AED 819,675 and a listed handover of December 2027. Its from price is about 15% above 879 similar studio sales in Jumeirah Village Circle (12 months to October 2026), so compare carefully before you pay.
The from price is about 15% above 879 similar studio sales in Jumeirah Village Circle (12 months to October 2026). Those sales are across the area, not only in this building. Ask which unit and floor the from price applies to, and compare recent studio sales nearby.
The plan is 20% on booking, 30% during construction and 50% at handover. At the from price that is about AED 163,900, AED 245,900 and AED 409,800. Separately, the 4% DLD fee comes to about AED 32,800; ask when it is due. Half the price is due at handover, and the listed handover is about 13 months from now.
The developer lists studios of about 426 sq ft, one-bedroom homes of 829 sq ft and two-bedroom homes of 2,018 sq ft. The developer also describes 1.5 and 2.5-bedroom layouts, which the bed range of studio to 2 beds does not show. Ask which layouts are for sale and get the floor plan. Shared facilities include a gym, a pool deck, a kids' pool and play areas, a clubhouse, an outdoor CrossFit area, barbecue areas, covered parking and 24-hour security.
The HealthHub JVC clinic is about 290 m away. JSS International School is about 1.6 km away and Nord Anglia International School about 1.8 km. Dubai Internet City Metro Station is about 5.6 km away, roughly 14 minutes by car by our estimate.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
Studio
1 BR
2 BR
How prices moved
Median price of studio apartments in Jumeirah Village Circle, over the 12 months to each dateUp 14% from Dec 2024 to Sep 2026.
Dec 2024AED 1,601 per sq ft
Sep 2026AED 1,825 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,825 per sq ft
2,549 sales
Jun 2026
AED 1,794 per sq ft
3,446 sales
Mar 2026
AED 1,762 per sq ft
4,374 sales
Dec 2025
AED 1,751 per sq ft
4,521 sales
Sep 2025
AED 1,706 per sq ft
4,332 sales
Jun 2025
AED 1,671 per sq ft
3,978 sales
Mar 2025
AED 1,625 per sq ft
3,527 sales
Dec 2024
AED 1,601 per sq ft
3,576 sales
Off-plan sales only.
Questions about this project
Can foreigners buy here?
Yes, it's in a freehold area, so foreign buyers can own outright. The developer is Object One Real Estate Development.
How does the from price compare with other sales?
It is about 15% above 879 similar studio sales in Jumeirah Village Circle (12 months to October 2026).
What is the payment plan in dirhams?
At the from price: about AED 163,900 on booking, AED 245,900 during construction and AED 409,800 at handover. Separately, the 4% DLD fee comes to about AED 32,800; ask when it is due.
Which bedroom types are available?
The listing shows studios to 2 bedrooms, from 426 to 2,018 sq ft. The developer also mentions 1.5 and 2.5-bedroom layouts, so confirm what is for sale.
When is handover?
The listed handover is December 2027, about 13 months from now. Ask for a recent construction update before you book.
How far is the metro?
Dubai Internet City Metro Station is about 5.6 km away, roughly 14 minutes by car.
